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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.