Liechtenstein

corporate Bank Account

Opening a business bank account in Liechtenstein

Liechtenstein has long been known for its strong banking sector, offering a range of financial services to individuals, investors and businesses around the world.

The country's banking industry is characterised by its stable financial environment and primarily consists of well-established financial institutions. The banks are generally conservative in their approach to risk and have historically maintained strong financial positions.

Liechtenstein has a stable and prosperous economy with a low unemployment rate and high GDP per capita. The country's strong economic foundation contributes to the stability of its financial institutions. Liechtenstein is also known for its political stability, strong rule of law, and well-regulated financial environment. This stability fosters confidence among clients and investors, through its neutral stance in global geopolitics, which adds an element in attracting clients who seek a politically stable environment for their financial affairs.

In addition to the stability, along with the country's strong financial regulations, conservative banking practices, and strong economy, has generally contributed to a positive credit environment for banks in Liechtenstein.

The Swiss Franc (CHF), a stable and reliable currency, holds sway in Liechtenstein as well. Its widespread acceptance further enhances Liechtenstein's appeal as a banking jurisdiction, instilling confidence in financial transactions conducted within its borders.

Furthermore, the country’s proximity to major financial centres like Switzerland and Germany provides geographical convenience for international clients.

Prominent banking institutions in Liechtenstein encompass privately owned banks, such as Bank Frick, VP Bank and Bendura Bank, among others, most of them focusing on wealth management and investment services, as opposed to transactional banking from both, personal banking and corporate banking perspectives.

The country has a long-standing tradition of providing sophisticated wealth management and private banking services, as well as expertise in managing assets and offering tailored financial solutions. Based on this, the banks in Liechtenstein offer a variety of investment and wealth management services, including private banking, investment services, portfolio diversification, estate planning, as well as custody, trust and fiduciary services.

Therefore, many banks in the country focused on catering to high-net-worth individuals, family offices, wealth management and investment management corporations (funds), as well as offshore investment holding companies and offshore companies conducting commercial activities with a substance.

Establishing a bank account in Liechtenstein as the owner of a foreign company is legally allowed, but it is essential for banks to comply with Know Your Customer regulations and verify the authenticity of the funds involved. Liechtenstein’s banks mainly provide accounts tailored for investment for offshore companies. Potential account holders usually need to provide a significant initial deposit, and there are limitations on frequent transactions, both incoming and outgoing.

Liechtenstein embraces financial technology (fintech) and innovation. Some banks, such as Bank Frick, offer blockchain, cryptocurrency and fintech-related services, showcasing a forward-looking approach to banking. The principality is recognized for its progressive regulatory framework, providing legal clarity and certainty for companies operating in the blockchain and cryptocurrency space. Liechtenstein's Financial Market Authority (FMA) has implemented regulations tailored to address the unique challenges and opportunities presented by these emerging technologies, offering a secure and transparent framework for businesses involved in blockchain and cryptocurrency activities.

Banks in Liechtenstein typically offer a variety of currency accounts to cater to the needs of their diverse clientele, such as multi-currency, CHF, EUR, USD, GBP, JPY, CAD, AUD, and some banks offer accounts denominated in precious metals such as gold and silver.

In conclusion, Liechtenstein is a strong banking hub, which can accommodate diverse range of clients, among others: High Net Worth Individuals (HNWIs), Ultra High Net Worth Individuals (UHNWIs), Family Offices; Wealth Management and Investment Management Corporations (Funds); Investors; as well as International Clients including, offshore investment holding companies and offshore companies with substance.

We work with 3 different banks in Liechtenstein, each bank has different eligibility requirements, types of accounts available and onboarding processes.
We invite you to carefully review each banks requirements and services to better understand if their banking services meet your needs.

Bank Accounts in Liechtenstein

click the bank for more details

Bank Option 1

Account Details

Corporate
Not Required

Eligibility

Bank Option 2

Account Details

Corporate
Not Required
USD 500,000

Eligibility

Bank Option 3

Account Details

Corporate
Not Required
CHF 1,000,000

Eligibility

Country Details

Liechtenstein
CHF
Vaduz
Europe
35,000

The Principality of Liechtenstein is a small German-speaking landlocked state of alpine Europe that borders with Switzerland to the west and Austria to the east.

It is an enclave that, along with Switzerland, is not part of the European Union, but is part of the Schengen Area.

Its international relations are coordinated with Switzerland (the state with whom it delegates its military defense).

It has an area of just over 160 sq. km and it is inhabited by about 37,000 people. The capital is Vaduz and the most populated city is Schaan.

Liechtenstein is the fourth smallest country in Europe, after Vatican City, Monaco, and San Marino. Its resident population is composed of about a third of foreigners, mainly Germans, Austrians, Swiss, and Italians.

Liechtenstein is a constitutional monarchy, headed by the prince, or Fürst. The sovereignty of the state is shared between the prince and the citizens, who choose a parliament. The parliament of Liechtenstein, the Landtag, is composed of 25 representatives chosen by the people. A five-member chamber is responsible for daily political affairs.

The country has an economic union with Switzerland and uses the Swiss franc as the national currency, although it had its own currency, the Liechtenstein franc.

Liechtenstein is a member of the European Economic Area (an organization that acts as a bridge between the European Free Trade Association (EFTA) and the European Union) since May 1995.

Its economy, despite its small size and scarcity of natural resources, is highly industrialized, free-enterprise oriented and has the third highest per capita income in the world, after Qatar and Luxembourg.

Its economic bases are industrial exports, tourism, and financial services.

Industries include electronics, textiles, precision instruments, metal manufacturing, power tools, anchor bolts, calculators, pharmaceuticals, and food products.

It has an important financial center, specialized in financial services for foreign entities and wealth management for non-resident individuals.

Low business taxes and very advantageous incorporation laws have led to a significant number of multinational companies to establish nominal offices in Liechtenstein.

Regarding the primary sector, it produces wheat, barley, corn, potatoes, dairy products, livestock, and wine.

Services & Fees

Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal 'back and forth' and a smooth account opening process.

Bank Account opening requirements are subject to change at the discretion of the bank. There might be additional fees charged by the bank itself. Bank account opening is not guaranteed and is subject to the bank policies and compliance department. There might be restrictions on UBO nationalities, business activities and/or jurisdictions. A refund is available if the account is not successfully opened subject to our terms of service (20% to partly cover service and payment processing and administrative costs apply).

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