Principality of Liechtenstein in Today's World
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Thinking in Generations
Thinking in generations Presenting the Liechtenstein financial centre Issue 2021 / 2022 CONTENTS 4 Principality of Liechtenstein 5 Liechtenstein in figures 6 Liechtenstein as a business location 7 The Liechtenstein financial centre 8 Locational advantages of the Liechtenstein financial centre 10 Spotlight: conformity 16 Fiduciary companies 17 Banks 18 Asset management companies 19 Investment fund companies 20 Insurance companies 21 Auditors 22 Association of Liechtenstein Charitable Foundations and Trusts e. V. 23 CFA Society Liechtenstein 24 Attorneys-at-law 25 Liechtenstein Finance 26 Contact 27 Legal information FOREWORD Liechtenstein’s accession to the European Economic Area (EEA) in 1995 heralded a new era. On the one hand, the European in ternal market opened up for Liechtenstein companies, and on the other hand, Liechtenstein thereby committed itself to considering European regulations and incorporating them into national law. This was particularly true for the Liechtenstein financial centre, and had wide-ranging consequences for its stakeholders. The Liechtenstein financial centre has sound foundations, is well- regulated and independently supervised. Strict statutory provisions and rules to combat money laundering, governing cross-border tax offences and terrorist financing guarantee the H. S. H. Prince Michael stability and security of the financial centre. Their adherence of Liechtenstein is safeguarded by an independent and strong Financial Market Chairman of the Board of Authority. Liechtenstein’s commitment to OECD standards on Directors of Liechtenstein transparency and exchange of information in tax matters enables Finance e. V. financial centre players to develop fully their core competencies in long-term, cross-border wealth issues in the interests of their clients. In particular during uncertain times. -
Flash Reports on Labour Law January 2017 Summary and Country Reports
Flash Report 01/2017 Flash Reports on Labour Law January 2017 Summary and country reports EUROPEAN COMMISSION Directorate DG Employment, Social Affairs and Inclusion Unit B.2 – Working Conditions Flash Report 01/2017 Europe Direct is a service to help you find answers to your questions about the European Union. Freephone number (*): 00 800 6 7 8 9 10 11 (*) The information given is free, as are most calls (though some operators, phone boxes or hotels may charge you). LEGAL NOTICE This document has been prepared for the European Commission however it reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein. More information on the European Union is available on the Internet (http://www.europa.eu). Luxembourg: Publications Office of the European Union, 2017 ISBN ABC 12345678 DOI 987654321 © European Union, 2017 Reproduction is authorised provided the source is acknowledged. Flash Report 01/2017 Country Labour Law Experts Austria Martin Risak Daniela Kroemer Belgium Wilfried Rauws Bulgaria Krassimira Sredkova Croatia Ivana Grgurev Cyprus Nicos Trimikliniotis Czech Republic Nataša Randlová Denmark Natalie Videbaek Munkholm Estonia Gaabriel Tavits Finland Matleena Engblom France Francis Kessler Germany Bernd Waas Greece Costas Papadimitriou Hungary Gyorgy Kiss Ireland Anthony Kerr Italy Edoardo Ales Latvia Kristine Dupate Lithuania Tomas Davulis Luxemburg Jean-Luc Putz Malta Lorna Mifsud Cachia Netherlands Barend Barentsen Poland Leszek Mitrus Portugal José João Abrantes Rita Canas da Silva Romania Raluca Dimitriu Slovakia Robert Schronk Slovenia Polonca Končar Spain Joaquín García-Murcia Iván Antonio Rodríguez Cardo Sweden Andreas Inghammar United Kingdom Catherine Barnard Iceland Inga Björg Hjaltadóttir Liechtenstein Wolfgang Portmann Norway Helga Aune Lill Egeland Flash Report 01/2017 Table of Contents Executive Summary .............................................. -
ADVANCE QUESTIONS to LIECHTENSTEIN- ADDENDUM DENMARK • Which Measures Is the Government of the Principality of Lichtenstein Ta
ADVANCE QUESTIONS TO LIECHTENSTEIN- ADDENDUM DENMARK • Which measures is the Government of the Principality of Lichtenstein taking to counter the expanded activity of the right-wing extremists? • Which measures is the Government of the Principality of Lichtenstein undertaking to ensure effective strengthening of the “Office of Equal Opportunity” and its competencies? • Please specify the actions taken by the Principality of Lichtenstein in order to reduce trafficking of persons, e.g. cabaret dancers. GERMANY • In 2007 CEDAW expressed its concern about the persistence of traditional attitudes and stereotypes regarding the roles and responsibilities of women and men in family and society. It recommended in particular the extension of the present legislation regarding gender-based discrimination in the workplace, as included in the Gender Equality Act, to all spheres of life. How does the Principality of Liechtenstein intend to follow up on this recommendation? NETHERLANDS • In the school year 2007/2008 Liechtenstein introduced Islamic education in public primary schools. Previously Muslim parents could only send their children to a mosque for religious tuition. Could Liechtenstein elaborate on its first experiences in this regard and on further measures the government of Liechtenstein considers in order to stimulate integration in the educational process? • An important part of the population does not have the Liechtenstein nationality and is not entitled to participate in local politics. Does Liechtenstein consider this to be a potential problem and if so, does it see possibilities to increase the participation of minority groups in politics, for instance by granting long-term residents from other nationalities the right to vote at a local level? SWEDEN • Liechtenstein is a state party to CEDAW and its optional protocol and has taken national initiatives to promote gender equality. -
LIECHTENSTEIN the 341 © Lonely Planet Publications Planet Lonely © Malbun Triesenberg Schloss Vaduz Trail LANGUAGE: GERMAN LANGUAGE: Fürstensteig
© Lonely Planet Publications 341 Liechtenstein If Liechtenstein didn’t exist, someone would have invented it. A tiny mountain principality governed by an iron-willed monarch in the heart of 21st-century Europe, it certainly has novelty value. Only 25km long by 12km wide (at its broadest point) – just larger than Man- hattan – Liechtenstein doesn’t have an international airport, and access from Switzerland is by local bus. However, the country is a rich banking state and, we are told, the world’s largest exporter of false teeth. Liechtensteiners sing German lyrics to the tune of God Save the Queen in their national anthem and they sure hope the Lord preserves their royals. Head of state Prince Hans Adam II and his son, Crown Prince Alois, have constitutional powers unmatched in modern Europe but most locals accept this situation gladly, as their monarchs’ business nous and, perhaps also, tourist appeal, help keep this landlocked sliver of a micro-nation extremely prosperous. Most come to Liechtenstein just to say they’ve been, and tour buses disgorge day- trippers in search of souvenir passport stamps. If you’re going to make the effort to come this way, however, it’s pointless not to venture further, even briefly. With friendly locals and magnificent views, the place comes into its own away from soulless Vaduz. In fact, the more you read about Fürstentum Liechtenstein (FL) the easier it is to see it as the model for Ruritania – the mythical kingdom conjured up in fiction as diverse as The Prisoner of Zenda and Evelyn Waugh’s Vile Bodies. -
Brochure of the Parliament Building.Pdf
Legal information Published by Liechtenstein Parliamentary Service, Josef Hilti, Secretary of Parliament · Concept / Graphic design Medienbuero AG Photos / Plans / Illustrations Paul Trummer, travel-lightart; Liechtenstein National Archives; Liechtenstein Parliamentary Service Printed by BVD Druck+Verlag AG · Print run 1200 copies · Published 2017 One has to work together with the right people, to respect and motivate them. Long-term success is possible only within the team. Klaus Steilmann 4 | Liechtenstein Parliament Contents FOREWORDS 7 President of Parliament Albert Frick Vice President of Parliament Gunilla Marxer-Kranz Parliamentary Secretary Josef Hilti THE STATE STRUCTURE 13 of the Principality of Liechtenstein PARLIAMENT 15 Duties and position within the structure of the state THE INSTITUTION OF PARLIAMENT 17 Commissions and delegations Members of Parliament 2017–2021 THE PARLIAMENTARY SERVICE 35 THE PARLIAMENTARY BUILDING 37 HISTORY 39 ASSEMBLY LOCATIONS 42 of the representative bodies of Liechtenstein THE PRESIDENTS OF PARLIAMENT 49 since 1862 Liechtenstein Parliament | 5 6 | Liechtenstein Parliament Parliamentary activities and international encounters In the general election of 5 February 2017 Liechten- stein chose continuity and stability. The balance of power between the various parties remained virtually unchanged, enabling the coalition government headed by the FBP to continue its work. While the difficult work of the past four years, which involved necessary cuts, was not universally well-received, it was however accepted in overall terms. Nevertheless, we safely pi- loted our ship of state through a challenging period, and this was recognised by voters when they confirmed the parliamentary majorities. The new legislative period will be marked by an im- portant anniversary. The Principality of Liechtenstein will be celebrating its 300th anniversary in 2019. -
Operational Regulatory Relief by Greg Feldberg and Alexander Nye
COVID-19 and Insurance (2 of 3): Operational Regulatory Relief By Greg Feldberg and Alexander Nye Original post here. Many insurance supervisors have provided temporary relief to help companies manage during the COVID-19 crisis. Most of this relief comes in the form of extended deadlines for submitting various reports or provisions that make remote compliance easier. Regulators have also suspended supervisory activities and loosened accounting rules. This blog discusses such measures. An earlier YPFS blog described similar regulatory relief measures that bank supervisors have taken during this crisis. 1. Extending deadlines At least 27 national and transnational insurance regulators extended insurers’ deadlines for submitting their regular supervisory reports, according to an April brief from the Bank for International Settlements (BIS). For example, India’s insurance regulator provided extensions for submitting periodic compliance documents, providing a 30-day respite for filing half-yearly and yearly returns, a cyber security audit, and a “Board approved Final Re-insurance Programme.” The EU insurance regulator advised its member countries to provide companies with extended deadlines for 2019 annual reports, 2019 annual solvency and financial condition reports, and 2020 quarterly reports for Q1. It also called on insurers to publicize information on the effects of COVID-19 on their businesses. U.S. state insurance regulators have taken similar actions. For example, California’s regulator issued a 90-day deadline extension for insurers to file their 2019 annual statements, 2019 supplemental filings, and 2020 first-quarter filings. Regulators in at least six states issued similar policies. Several states also extended their deadlines for compliance with various licensing requirements; for example, with respect to continuing education. -
Introduction the European Free Trade Association (EFTA)
EFTA Introduction Member Countries The European Free Trade Association (EFTA) is an Iceland Norway 2009 - Iceland applies for EU membership. FTAs are signed intergovernmental organization created in 1960 to promote Liechtenstein Switzerland with Albania, the Gulf Cooperation Council and Serbia. free trade and economic integration between Austria, 2010 - Iceland begins accessions negotiations with the EU. Denmark, Norway, Portugal, Sweden, Switzerland, and the History The EEA EFTA Forum of Elected Representatives of Local United Kingdom. The EFTA was also established with the and Regional Authorities is established. FTAs are signed goal of being an economic counterbalance to the more 1960 - The EFTA is founed by Austria, Denmark, Norway, with Peru and Ukraine. politically-focused European Economic Community (EEC), Portugal, Sweden, Switzerland, and the United Kingdom. which is now known as the European Union (EU). The main 2011 - FTAs are signed with Hong Kong China and difference between the early EEC and EFTA was the 1961 - Finland becomes an associate member of the EFTA. Montenegro. The EFTA Consultatitive Committee is established to help absence of a common external customs tariff, and 2013 - FTAs are signed with Bosnia and Herzegovina and represent trade unions and employers' organizations. consequently each member of the EFTA was able to with Costa Rica Panama. establish individual customs duties against, or individual free 1970 - Iceland becomes a member of EFTA. trade agreements with non-EFTA countries. Only four 1972 - Denmark and the United Kingdom leave EFTA to join members, Iceland, Liechtenstein, Norway, and Switzerland, the European Economic Community (EEC). The remaining remain in the EFTA. EFTA members sign bilateral free trade agreements with the Number of member 4 EEC during the 1970's. -
Automatic Exchange of Information: Status of Commitments
As of 27 September 2021 AUTOMATIC EXCHANGE OF INFORMATION (AEOI): STATUS OF COMMITMENTS1 JURISDICTIONS UNDERTAKING FIRST EXCHANGES IN 2017 (49) Anguilla, Argentina, Belgium, Bermuda, British Virgin Islands, Bulgaria, Cayman Islands, Colombia, Croatia, Cyprus2, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Gibraltar, Greece, Guernsey, Hungary, Iceland, India, Ireland, Isle of Man, Italy, Jersey, Korea, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Montserrat, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Seychelles, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Turks and Caicos Islands, United Kingdom JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2018 (51) Andorra, Antigua and Barbuda, Aruba, Australia, Austria, Azerbaijan3, The Bahamas, Bahrain, Barbados, Belize, Brazil, Brunei Darussalam, Canada, Chile, China, Cook Islands, Costa Rica, Curacao, Dominica4, Greenland, Grenada, Hong Kong (China), Indonesia, Israel, Japan, Lebanon, Macau (China), Malaysia, Marshall Islands, Mauritius, Monaco, Nauru, New Zealand, Niue4, Pakistan3, Panama, Qatar, Russia, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, Saudi Arabia, Singapore, Sint Maarten4, Switzerland, Trinidad and Tobago4, Turkey, United Arab Emirates, Uruguay, Vanuatu JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2019 (2) Ghana3, Kuwait5 JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2020 (3) Nigeria3, Oman5, Peru3 JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2021 (3) Albania3, 7, Ecuador3, Kazakhstan6 -
(Nachtbus N4) 88.904 Schellenberg – Ruggell
FAHRPLANJAHR 2020 88.904 Schaan – Bendern – Ruggell – Schellenberg (Nachtbus N4) Stand: 6. November 2019 Schaan, Bahnhof Schaan, Ivoclar Schaan, Hilcona Schaan, Rosengarten Bendern, Pinocchio Bendern, Under Atzig Bendern, Post Gamprin, Haldenstrasse Gamprin, Gemeindehaus Gamprin, Bühl Gamprin, Unterbühl Gamprin, Simmasguet Momentan sind keine Fahrplandaten verfügbar Gamprin, Abzw. Badäl-Schlatt Actuellement aucune information horaire n’est à disposition Ruggell, Kreuzstrasse Al momento non sono disponibili dati sugli orari Ruggell, Oberwiler No timetable data available at the moment Ruggell, Sennerei Ruggell, Rathaus Ruggell, Kirche Ruggell, Limsenegg Schellenberg, Loch Schellenberg, Widum Schellenberg, Tannwald Schellenberg, Klenn Schellenberg, Post Schellenberg, Sägaplatz Schellenberg, Hinterschloss Schellenberg, Obergut Hinterschellenberg 88.904 Schellenberg – Ruggell - Bendern – Schaan (Nachtbus N4) Stand: 6. November 2019 Hinterschellenberg Schellenberg, Obergut Schellenberg, Hinterschloss Schellenberg, Sägaplatz Schellenberg, Post Schellenberg, Klenn Schellenberg, Tannwald Schellenberg, Widum Schellenberg, Loch Ruggell, Limsenegg Ruggell, Kirche Ruggell, Rathaus Ruggell, Sennerei Momentan sind keine Fahrplandaten verfügbar Ruggell, Oberwiler Actuellement aucune information horaire n’est à disposition Ruggell, Kreuzstrasse Al momento non sono disponibili dati sugli orari Gamprin, Abzw. Badäl-Schlatt No timetable data available at the moment Gamprin, Simmasguet Gamprin, Unterbühl Gamprin, Bühl Gamprin, Gemeindehaus Gamprin, Stelzagass -
Establishing Business and Managing Workforce in the Nordics
Establishing your business & managing your workforce in the Nordics Contents Establishment of companies in the Nordics Page 4 Employment in the Nordics Page 7 • Did you know (quick facts)? Page 7 • Employment relationships and Governing Law – the basics Page 8 • Employee entitlements and employer obligations at a glance Page 9 • Mandatory employer requirements Page 10 • Terminations Page 14 • Protecting business secrets; non-competition restrictions Page 16 • Transfer of a Business Page 17 Immigration in the Nordics Page 19 Tax and social security obligations Page 23 Data Protection Page 26 2 © 2018 Bird & Bird All Rights Reserved Introduction The Nordic countries offer a very attractive business environment with a well-educated and skilled workforce. The Nordic region is known for its ingenuity and know-how, but also for its relatively unique welfare systems. This, together with a low degree of corruption and a high degree of trust amongst the citizens for the state and business environment that work in tandem with it, provides a unique sphere that many non- Nordic corporations have already discovered. Despite the many similarities between Finland, Sweden and Denmark, both in terms of history and cultural values, there are notable differences when it comes to the approach taken to establish a business friendly environment. HR professionals and other individuals with a pan-Nordic responsibility need to be aware of these differences, as methods and practices that have proved to work perfectly in one country, might not work in another. The purpose of this brochure is to provide a quick overview of basic elements relevant for establishing and building your business in the Nordic region, including assisting in the process of deciding in which country to start. -
Plattform Entwicklungskonzept Liechtensteiner Unterland Und Schaan VISION 2050 Mitwirkung Bevölkerung 18
Plattform Entwicklungskonzept Liechtensteiner Unterland und Schaan VISION 2050 Mitwirkung Bevölkerung 18. August 2020 ------ 2 Inhaltsverzeichnis 3 Strategie mit Verfeinerung 5 Arbeitsgebiete 16 Karte – Siedlung auf Gemeindeebene: 6 Innenentwicklung mit 17 Karte – Natur und Landschaft Übersicht über die Qualität Strategiebausteine 18 Karte – Mobilität 7 Baukultur 4 Governance – Kooperation 19 Mitwirkende an der Plattform auf Augenhöhe 8 Bodenpolitik zur Realisierung Entwicklungskonzept von Vorhaben in Liechtensteiner Unterland öffentlichem Interesse und Schaan 9 Gemeinsames Landschaftskonto 10 Gemeinsames Natur- und Landschaftsentwicklungs- konzept 11 Handlungsraum-Mitte 12 Mobilität vernetzt und organisiert 13 Öffentlicher Verkehr 14 Langsamverkehr 15 Motorisierter Individualverkehr Mobilität vernetzt und organisiert Handlungsraum-Mitte Öffentlicher Verkehr Gemeinsames Natur- Langsamverkehr und Landschafts- entwicklungskonzept Governance Kooperation auf Augenhöhe Gemeinsames Motorisierter Landschaftskonto Individualverkehr Bodenpolitik zur Realisierung von Vorhaben von öffentlichem Arbeitsgebiete Interesse Baukultur Innenentwicklung mit Qualität 3 STRATEGIE MIT VERFEINERUNG AUF GEMEINDEEBENE: ÜBERSICHT ÜBER DIE STRATEGIEBAUSTEINE Die Siedlungs-, Natur- und Landschaftsräume Liechten- Dieses Papier dokumentiert das Ergebnis des Prozessab- steins stehen in einer vielfältigen Wechselbeziehung, die schnittes «Strategie verfeinern» als gemeinsame Arbeits- über die Gemeindegrenzen hinaus reicht. Daraus ergeben grundlage der Unterländer Gemeinden -
Free Trade Agreement Between Iceland, the Principality of Liechtenstein and the Kingdom of Norway and the United Kingdom of Great Britain and Northern Ireland
Miscellaneous Series No.3 (2021) Free Trade Agreement between Iceland, the Principality of Liechtenstein and the Kingdom of Norway and the United Kingdom of Great Britain and Northern Ireland London, 8 July 2021 [The Agreement is not in force] Presented to Parliament by the Secretary of State for Foreign, Commonwealth and Development Affairs by Command of Her Majesty July 2021 CP 496 Volume 1 of 2 © Crown copyright 2021 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. This publication is available at www.gov.uk/official-documents Any enquiries regarding this publication should be sent to us at Treaty Section, Foreign, Commonwealth and Development Office, King Charles Street, London, SW1A 2AH ISBN 978-1-5286-2805-1 (Volume 1 of 2) CCS0721911220 07/21 Printed on paper containing 75% recycled fibre content minimum Printed in the UK by the APS Group on behalf of the Controller of Her Majesty’s Stationery Office FREE TRADE AGREEMENT BETWEEN ICELAND, THE PRINCIPALITY OF LIECHTENSTEIN AND THE KINGDOM OF NORWAY AND THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND PREAMBLE Iceland, the Principality of Liechtenstein and the Kingdom of Norway (EEA EFTA States), and The United Kingdom of Great Britain and Northern Ireland (the United Kingdom), hereinafter