Insurance centre
The "Insurance Centre Liechtenstein" project has been running for a number of years. This makes it easier to found and operate insurance companies domiciled in the Principality of Liechtenstein, and aims to extend Liechtenstein?s position as a European insurance centre.
Liechtenstein structures its insurance centre along European lines. Insurance companies have direct access to the entire European Economic Area. New product and marketing strategies are developed here from the outset on the basis of a deregulated, open European market.
The basis for this is the Insurance Supervision Act of 1996 as well as the Insurance Supervision Ordinance of 1997. Insurance companies are obliged to take the legal form of a stock corporation or co-operative.
In addition to life and loss insurance, Liechtenstein is also an attractive market for captives.
The Insurance Supervision Act establishes insurance secrecy ? analogous to banking secrecy. Bodies and employees are obliged to keep customer data secret for an indefinite period.
Insurers require government approval before taking up their business activities.
By international comparison, the fiscal framework conditions are extremely attractive.
Liechtenstein structures its insurance centre along European lines. Insurance companies have direct access to the entire European Economic Area. New product and marketing strategies are developed here from the outset on the basis of a deregulated, open European market.
The basis for this is the Insurance Supervision Act of 1996 as well as the Insurance Supervision Ordinance of 1997. Insurance companies are obliged to take the legal form of a stock corporation or co-operative.
In addition to life and loss insurance, Liechtenstein is also an attractive market for captives.
The Insurance Supervision Act establishes insurance secrecy ? analogous to banking secrecy. Bodies and employees are obliged to keep customer data secret for an indefinite period.
Insurers require government approval before taking up their business activities.
By international comparison, the fiscal framework conditions are extremely attractive.
