Liechtenstein belongs to the European Economic Area (EEA) and thus enjoys full freedom to provide services in all countries of the European Union (EU) and the EEA. Thanks to Liechtenstein's traditionally close neighborly economic relations and the Customs and Currency Treaty with Switzerland, Liechtenstein financial intermediaries also benefit from privileged access to the Swiss economic area. For Swiss market participants, Liechtenstein presents itself as a close hub for the EU and EEA countries.
Due to Liechtenstein's EEA membership, the same legal framework applies for financial market participants as in the EU countries. Thanks to timely and market-friendly implementation of the EU directives, Liechtenstein promotes the competitiveness and attractiveness of the financial center.
The FMA is responsible for operational supervision. Liechtenstein has a strong, internationally recognized financial market authority at its disposal. The FMA enforces the international standards in the supervision of financial market participants. The FMA is represented in all European financial market supervisory authorities and important global organizations concerned with questions of supervision and regulation of financial markets.
Liechtenstein implements the internationally recognized standards in supervision and in combating money laundering and terrorist financing and is represented in all relevant international organizations and bodies. The country also implements the global standards for transparency and exchange of tax information developed by the OECD, as expressed in the Liechtenstein declaration.
As part of the Swiss franc area in the middle of Europe, Liechtenstein also offers a stable legal and social order. The solid financial policy of the public budgets, short administrative channels, and transparent and predictable tax and legal conditions contribute to Liechtenstein's attractiveness as a business location. Liechtenstein's AAA rating awarded by Standard & Poor's underscores this reliability.