Liechtenstein, North Germany Strengthen Ties
Tuesday, October 4, 2011
During a recent visit by Liechtenstein’s Prime Minister Klaus Tschütscher
to North Germany, the Principality was recognized as a stable and reliable
financial and economic location.
According to the Liechtenstein government, the detailed working visit served
above all to foster the existing personal contacts between the two countries,
while at the same time extending “the very good cooperation” between
Germany and Liechtenstein.
During the course of the three-day visit, within the framework of a ‘Liechtenstein
Soirée’ in Hamburg, Tschütscher gave an overview
of the special role of the Liechtenstein economic and financial centre.
In his speech, Tschütscher emphasized the country’s
attractive new tax law, providing for a uniform 12.5% rate of corporation tax,
as well as to the country’s longstanding tradition in the area of foundation
law, and, finally, to the political and economic stability that have for centuries
distinguished the Liechtenstein location.
Underscoring the fact that Liechtenstein is characterized by competitive, innovative,
and financially strong companies in both the industrial and financial sectors,
as well as by a stable Swiss franc currency, and business-orientated and stable
legal framework conditions, Tschütscher emphasized that the government
is determined to create stability and security for both individuals and companies
in the Principality.
In the course of talks with former German Chancellor Helmut Schmidt, Tschütscher
alluded to the fact that the two major economic areas, Switzerland and the European
Economic Area, have allowed Liechtenstein’s exporters easy access to Europe.