Liechtenstein offers tax amnesty to woo investors

09/03/2010

Liechtenstein is doing its best to woo investors and business people wishing to register a company abroad to do so in the tiny principality.

Lichtenstein has agreed a generous disclosure facility with the UK’s HM Revenues & Customs. As a result, tax evaders who have been investing in Swiss accounts, and others elsewhere, can relocate their funds to Liechtenstein to take advantage of the deal.

Prince Max of Liechtenstein told the Financial Times: “In Liechtenstein, we never had a huge UK customer base. If it's going to work, it will work through convincing UK citizens in other jurisdictions to come to Liechtenstein.”

Later this month, there will be seminars held in London, Birmingham, Manchester and Edinburgh to explain to possible investors, the merits of relocating their investment or their business to Liechtenstein.

Prince Max says people have not necessarily considered Liechtenstein before as, "people typically use what has been easy for them - the places they know through private travel and business travel." He added that the new influx of money from British citizens is likely to come from people currently investing in Switzerland, the Far East and the Channel Islands.