The Principality of Liechtenstein is a constitutional hereditary principality with a democratically elected parliament. The capital city is Vaduz. The Principality became de facto independent on the formation of the Rheinbund in 1860 and is closely linked with Switzerland both economically and administratively. Liechtenstein is a member of the United Nations (UNO) and the European Economic Area (EEA).

Liechtenstein’s advantages:

• A legal basis which is modern, liberal and client-oriented
• Modern tax law
• Strict banking and business secrecy
• International recognition, particularly in the EEA
• Political neutrality
• Only minor state intervention in economic processes
• The highest possible ratings from international rating agencies (Moody’s and Standard & Poor’s)