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Financial Center FL

As a modern economic center, the Principality of Liechtenstein is a byword for innovation, development and stability.

Only 160 km2 in size, Liechtenstein is the fourth smallest state in Europe. As a modern economic center, the Principality of Liechtenstein is a byword for innovation, development and stability. Liechtenstein as a financial center offers many advantages which Credit Suisse Life & Pensions AG uses to maximize benefits for its clients. Due to its legislation and access to European markets, Liechtenstein is a very interesting financial center.

Legislation

Thanks to its economic and political stability, its liberal tax and corporate laws, and the strict secrecy rules applicable to its insurance and banking sectors, Liechtenstein is one of the world's leading international financial centers. Clients all over the world can count on utmost discretion and effective protection of their privacy.

A number of stringent laws for combating money laundering were passed in Liechtenstein in 1996. A due diligence law requires banks and insurance companies to observe extreme care when accepting funds.

Access to European Markets

The European Union (EU) member states plus Liechtenstein, Norway and Iceland form the European Economic Area (EEA). Liechtenstein has adopted all the major EU directives on insurance and has introduced legislation on supervision of the insurance industry that is compatible with the EU. As a result, insurance companies like Credit Suisse Life & Pensions AG have free access to the European Union insurance market.

Entry into the Swiss market is facilitated by the customs and currency union between Switzerland and Liechtenstein, as well as by an insurance agreement. Consequently, Credit Suisse Life & Pensions AG is able to offer its innovative and flexible pension products to clients in Switzerland, too.

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