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Short introduction to Liechtenstein

Short introduction to Liechtenstein. Russian Economic and Financial Forum Zurich, 31.01.2005. Comparison Liechtenstein - Russia. Total area: 160 km 2 17’075 400 km 2 (fourth smallest state in Europe) (world’s largest state) Capital: Vaduz Moscow Currency: Swiss franc Rouble

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Short introduction to Liechtenstein

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  1. Short introduction to Liechtenstein Russian Economic and Financial Forum Zurich, 31.01.2005

  2. Comparison Liechtenstein - Russia Total area: 160 km2 17’075 400 km2 (fourth smallest state in Europe) (world’s largest state) Capital: Vaduz Moscow Currency: Swiss franc Rouble Official language: High German Russian Population: 34’294 144’752’000 Population density: 215 inhabitants per km2 8.5 inhabitants per km2 Gross domestic product: $ 190’000 pro capita $ 1750 pro capita

  3. History (17th to 19th Century) 1699Prince Johann Adam Andreas of Liechtenstein purchases the Lordship of Schellenberg and… 1806Principality gains sovereignty by becoming a member of the Rhine Confederation 1712…the County of Vaduz 1719Vaduz and Schellen-berg elevated to the status of “Imperial Principality of Liechtenstein” 1852Customs treaty with Austria-Hungary

  4. History (20th Century) 1990 Liechtenstein becomes the 160th member of the United Nations 1991 Membership ofEFTA 1995Membership of EEA 1924 Customs treaty with Switzerland, introduction of the Swiss franc as the official currency 1978 Membership of the European Council 1921New Constitution (largely unchanged to this day) comes into force 1997 Archdiocese of Vaduz is established

  5. System of State and Government According to Article 2 of the Constitution, “the Principality is a constitutional hereditary monarchy on a democratic and parliamentary basis; the power of the State is inherent in and issues from the reigning Prince and the people”.

  6. Population and employmentsince 1950 33‘525 28‘793 12‘908 13‘757 6‘338 700

  7. Breakdown of Persons Employed (by Economic Sector) Forestry and agriculture 1% General services 29% Industry and goods production 45% Financial services 25%

  8. ThyssenKrupp Presta Industry in Liechtenstein • Out of a total working population of 29’055, 45% (13’073)are employed in industry and commerce • Key export countries:USA, Switzerland, Germany, France, Italy, Hong Kong, Japan, Spain • The industrial exports raised from CHF 15 million (1950) to CHF 4646 million (2003) within 50 years • Liechtenstein-based industrial companies employ 26,873 people at195 foreign branches

  9. Liechtenstein’s Business Advantages • political continuity and stability • liberal economic policies • efficient banking system • strict banking secrecy • economic, customs and monetary union with Switzerland • member of the European Economic Area (EEA) • free movement of services within the EU • special Liechtenstein company structures • well-educated, skilled workforce

  10. LGT Group

  11. LGT Group: Privately owned company with capital strength

  12. Europe Liechtenstein: Vaduz Switzerland: Basel, Bern, Chur, Davos, Geneva, Lausanne, Lugano, Pfäffikon, Zurich Germany: Berlin, Cologne, Frankfurt, Hamburg, Munich, Stuttgart Luxembourg Ireland: Dublin Channel Islands: Jersey Asia Hong Kong Japan: Tokyo Singapore Malaysia: Labuan Americas Uruguay: Montevideo USA: New York Cayman Islands British Virgin Islands Vaduz International network

  13. Alignment of interests LGT Group Operational business • Private banking • Asset management • Alternative investments • Trust services • Financial investor • Princely Portfolio • CHF 1.8 bn. in LGT „Global Investable Markets GIM“ Co-investment for clients Focus on core competencies Exploitation of global Investment possibilities

  14. LGT - The wealth management experts of the Princely House of Liechtenstein Peter Paul Rubens

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