Zum Inhalt springen

Locational Factors

Info

Locational Factors
Principality of Liechtenstein

Advantages
• Stable social order as well as legal and economic system
• High degree of political continuity and stability
• Political neutrality and neutral neighbouring states
• Few state interventions in the economic sequences
• Liberal economic policy
• Conservative-liberal attitude of the government and population
• Well-educated, willing-to-perform population
• Long working hours
• Co-operative social partnership
• Liberal tax legislation with holding privilege
• Solid finance policy of public budgets
• Little bureaucracy
• Short administrative channels
• Swift handling of applications and petitions
• Flexibility of public administration
• High degree of competitive vigour
• Advantageous investment conditions
• Considerable financial strength, low level of interest rates
• Efficient banking system
• Bank law with banking secrecy
• Customs and currency union with Switzerland
• Member of the European Economic Zone
• Solid infrastructural offer
• High quality of life; short working routes, nearby recreational areas
• Broad range of cultural offers

Disadvantages
• None of its own raw materials
• Limited labour market
• Marginal position in the Swiss economic zone
• Marginal international weight
• Strong foreign dependence
• No promotion of economic development
• High prices for undeveloped land
• High expenses for buildings


© www.exclusiv.li

Footer