Liechtenstein bank account

1,000.00 1,600.00

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We work with banks that are not subsidiary of your home country bank groups. This greatly enhance privacy and secrecy

Our clients, who use the Bank Introduction Service, are not required to visit the bank in person

Account features:

24 hours / 7 days On Line Banking
Strong bank secrecy and privacy
Allows you to send and receive international payments SWIFT
Multi-currency (EUR, USD , GBP, etc. )
Dedicated Wealth Management services
Visa/Mastercard ATM International debit cards
Visa/Mastercard Credit Cards (optional)

As seen on

Minimum deposit requirements: 100,000$

Clear

 Who can open an Liechtenstein bank account?

Everyone can open an account at a bank in Liechtenstein. However, banks reserve the right to reject customers. For example, a bank might refuse to offer banking services to a so-called “politically exposed person” who the bank believes would pose a “reputation” risk if he or she were to become a client. A bank might also refuse to start a banking relationship if it has doubts about the origins of the potential client’s funds. Liechtenstein banks are forbidden by law to accept money which they know or must assume stem from crime or any illegal activities.

How can I open an account from my home country?

Andorra banks have procedures concerning the opening of accounts, irrespective of the domicile of the customer. In line with Liechtenstein laws governing “due diligence”, the bank must verify the identity of the customer on the basis of an official document (e.g. a passport and confirmation of residential address).

 What are the main benefits of banking offshore?

PRIVACY, SECURITY & ANONIMITY

Offshore banks have the highest bank secrecy to protect their clients. No client informations are disclosed.

TAX EFFICIENCY

Banking offshore could be the best way to manage your funds in regards of tax optimization. We understand that each client has their own needs and reasons for banking offshore. You may want a tax haven to benefit form zero taxation. You may want the strict bank secrecy the offshore countries offer, you may want to internationalize your business or you may want to have access to financial services that aren’t available locally. Whatever your reasons, our professionals help you to realize your need and goals and grow and protects your wealth.

Can you open the account without having to visit the bank personally?

Of course, all the accounts (exluded hnwi accounts)  we support to open do not require the physical presence of the owner.

Can an account by opened anonymously in Liechtenstein ?

No, that is not possible. Banks follow so-called “know-your-customer” rules which require staff to identify the person opening an account and, where necessary, to establish the identity of the beneficial owner. Incidentally it was the banks themselves who drew up the extremely strict, internationally recognized rules for verifying the identity of their clients as a deterrent to money of criminal origin.

Is the opening guaranteed?

Yes the opening is guaranteed as long as You:

a) Fill correctly the application form

b) Are not  a criminal

c) Show bank proof of source of funds

d) Have all the documents  legally valid and certified.

Does bank  secrecy shield criminals?

No. Bank customer confidentiality has never been absolute. Liechtenstein banks are obliged, for example, to disclose information in criminal proceedings against their clients. This is an absolute obligation, regardless of whether the offence was committed in your home country or abroad.

What means certificated/notarized documents?

Certification means that a bank official, cpa, attorney at law, notary public, attests that the documents are true. As example, for each documents he writes:  “I hereby certify this is the true copy of Mr. First Name, Last Name”. This comes with signature, date and professional stamp.

What documentation will the bank want to see?

As mentioned above, Andorra banks are obliged to verify the identity of a client. The bank will want to see official identification papers such as a valid passport or an equivalent official identification document containing a photograph. The bank may also ask for documentation that can prove the origin of your funds, such as the contract for a house sale, a statement from a foreign bank, a receipt from the sale of securities, etc.

What questions will the  bank ask me?

First of all, the bank’s staff will certainly ask questions to fulfill the bank’s legal obligations with regard to due diligence. This will include asking for proof of your identity and also establishing the identity of the beneficial owner of the assets if you are depositing funds on behalf of someone else. The bank’s staff might also ask about the origin of the funds and the nature of your professional business and they will also want to get an idea of your usual financial transactions. In order to offer you the best advice, the bank will also ask about your future plans, for example, whether you intend to buy a house, start a business, retire, etc. If you are asking the bank to manage an investment portfolio they will also ask how much risk you are willing to accept. In short, the more the bank knows about you, the more it can tailor its advice and service to your individual needs.

How long does it take to open an account?

From few working days up to 3 weeks.

What are the fees applied by the Liechtenstein banks?

Liechtenstein banks have competitive fees and higher interests rates  compared to the banks around the corner

How can I withdraw money from my  bank account?

ATM card and credit card valid in all the world.

 Can I open an Liechtenstein bank account as a non resident ?

Sure , almost all our clients are non-residents. We have clients in many countries.

I’m Indian (south african, brazilian, etc,etc) citizen, can I still open the  account ?

Yes, you can.

Do you have a Liechtenstein bank account? Should you pay tax?

If you receive savings and investment income from abroad, you will usually need to declare this on a Self Assessment (SA) tax return. You may have to pay  Income Tax, but if you’ve paid foreign tax on the income you may be able to offset (deduct) this.

Does the Liechtenstein bank account have on-line banking?

Yes all account have on-line banking 24 hours/ 7 days always available.

Can I close my Liechtenstein account whenever I wish ?

Sure There are no restrictions when it comes to closing an account in Offshore countries. You are free to close your account if you wish. The procedure is immediate and cost-free. Of course, if your money is invested, it generally takes a few days to liquidate positions, but even so, no one will prevent you from withdrawing your funds or charge you a financial penalty.

Which Liechtenstein bank will account be opened with ?

We have a large network of banks in Offshore countries.

Many of which have been in operations for over 100 years. Our company will select the bank with the best conditions at present from a permanently updated list of banks with the best price-ratio. We work with banks in all categories. Which bank is right for you depends on many factors, such your country of tax residence, where you reside, eventual treaties of exchange information that have been signed, how much you plan to deposit and what kind of operations will you perform with funds.

Can I choose the Liechtenstein bank ?

Yes you can choice bank. We do not, however, give out the names of the banks before you actually pay in full an order. Each account we offer can be opened with different  banks in the same country We select the bank that suits better the client needs and minimum deposit requirements. We do not offer “mass product”. We select the banks with the best conditions at present from a permanently updated list of banks with the best privacy&security policy.

Why do I need to pay to open an account ? What benefits would you provide?

Opening a bank account in Liechtenstein is not like opening one in your home country, where all you need is a walk into any bank down the street with your driver’s license and 10$. Liechtenstein banks are very cautious in dealing with new clients that are not introduced by someone they know. Using our bank introduction services, you benefit from the advice of professionals specialists in international banking laws, international company and tax laws. We make sure the opening procedure is as quick and straightforward as possible. For a little fee you’ll save weeks of searches and many complications. Our service will help you in many ways: You benefit from a free top professional consulting from international specialists in fields like:International taxation, International company and International banking. This enables you to get the most out of your Liechtenstein bank account right away and be sure that no problems with your local tax authority will arise. We help you find a way to be in compliance with your home country tax regulation. In many cases we can obtain better terms for our clients lower minimum balance, lower commissions, less restrictions on facilities offered, etc… Most banks have many restrictions to what facilities you will actually get and you usually learn about it after you have opened your account. We can open accounts by mail. We opened hundreds of accounts for clients all over the world and can provide quick and reliable service. Through us you are assigned seasoned, professional and efficient account managers. In any given bank, there are good account managers and not-so-good ones. The good ones are always busy with clients and take only the most promising new clients or those sent by people they know. We specialize in helping international clients open an offshore bank account that will match their needs and more important that will not cause tax problem in their home country. We are not a bank and offer impartial advice and assistance in selecting and opening the right account for your needs in the right country

Account Opening Procedures & Requirements

Opening an offshore bank account via distance banking is slightly more cumbersome when compared to opening a domestic bank account, considering one actually walks into a branch when opening a domestic bank account. As one of the oldest professional offshore banking service providers & incorporation agents on the web, we have relationships with major offshore banks and financial institutions around the world, and stand ready to assist you every step of the way during the account opening process.

Generally speaking the procedure to open an offshore bank account consists of properly preparing and submitting the following documents:

Notarized copy of the Certificate of Incorporation and/or Articles of Association (for corporate accounts)
Certified copy of your government issued passport (for both personal and/or corporate accounts)
Original Utility Bill (for both personal and/or corporate accounts)
Bank or professional reference for the account signatory (for both personal and/or corporate accounts)
Completed banking applications and forms which we provide and assist in completing

Bank Due Diligence requirements

To comply with legislations, banks must collect adequate due diligence to verify the identity of the ultimate beneficial owners and controllers of the potential client wanting to establish a relationship with the bank. Below is the documentation required for the various types of entity the potential client may be established as.

Limited Company – please provide certified copies of the following: a) Certificate of Incorporation, b) Memorandum and Articles of Association, c) Register of Directors, and d) Register of Members. For at least two of the entity’s directors, for shareholders with an interest equal to or greater than 10% and for all other authorised account signatories please provide certified copies of the items laid out at i) through iv) below.
Limited Liability Company – please provide certified copies of the following: e) Certificate of Incorporation, f) Operating Agreement, and g) Schedule showing the members and their respective percentage interests. For at the entity’s managing member, for members with an interest equal to or greater than 10% and for all other authorised account signatories please provide certified copies of the items laid out at i) through iv) below.
Limited Partnership – please provide certified copies of the following: h) Certificate of Registration (where available), i) Limited Partnership Agreement, and j) Schedule showing the limited partners and their respective percentage interests. For the general partner, limited partners with an interest equal to or greater than 10% and for all other authorised account signatories please provide certified copies of the items laid out at i) through iv) below.
Trust – please provide a certified copy of the declaration of trust or deed of settlement as appropriate, and for any of the trust’s settlor, beneficiary(s) with a vested interest and for all other authorised account signatories please provide certified copies of the items laid out at i) through iv) below.
Foundation – please provide certified copies of: k) Certificate of Registration, l) Charter of the Foundation, and m) Register showing the Council of Members. For at least two of the Council of Members, beneficiaries and for all other authorized account signatories please provide certified copies of the items laid out at i) through iv) below.
Individuals – please provide certified copies of the documents below: i) Passport or drivers license, bearing their signature and photograph, AND one of the following to verify their residential address (PO boxes are not acceptable); ii) Recent (less than 3 months old) utility bill, OR iii) Recent (less than 3 months old) bank or credit card statement, OR iv) Reference from a ‘respected professional’ (lawyer, accountant or manager/director of a regulated financial institution), who has known the person for at least 2 years.
Funds If the potential client is a fund, instead of item d), g) or j) and due diligence on investors, i.e. items i) through iv) as specified, an AML comfort letter is required from the fund’s administrator or transfer agent confirming that they are responsible for performing due diligence on the fund’s investors – we have a standard template available for this. Where the potential client has an entity as either a director or shareholder, documentation as outlined above is required for that type of entity. If the potential client is a regulated financial institution we may be exempt from collecting due diligence on it. Source of funds Please ensure that sufficient, relevant information on the source of funds to be deposited with banks is provided with the application form.
Bearer Shares Most banks are unable to provide services to entities that have issued bearer shares; these must either be immobilized or cancelled and reissued to persons. Entities that haven’t, but are capable of issuing bearer shares must undertake not to issue bearer shares, or upon their issue the account(s) will be frozen until the bearer shares are either immobilized or cancelled.
Certification/Notarization of Documents The certifier (notary public, lawyer, accountant, manager/director of a regulated financial institution, for example) is to attest that the documents are a true copy of the original, sign each document, print their name underneath, indicating their position or capacity and include a contact address and phone number.

http://www.financialsecrecyindex.com/database/Liechtenstein.xml

Overview of the Secrecy Jurisdiction
Summary
30 History as Secrecy Jurisdiction Since Unknown -/-
31 Development and Role as a Secrecy Jurisdiction [Notes]
“The Principality of Liechtenstein has a well developed offshore financial services sector, liberal incorporation and corporate governance rules, relatively low tax rates, and a tradition of strict bank secrecy. All of these conditions contribute significantly to the ability of financial intermediaries in Liechtenstein to attract both licit and illicit funds from abroad. Liechtenstein’s financial services sector includes 17 banks, 107 asset management companies, 40 insurance companies, 71 insurance intermediaries, 33 pension schemes, 6 pension funds, 392 trust companies, 21 fund management companies with approximately 469 investment funds, and 637 other financial intermediaries. The three largest banks control 85 percent of the market.
In recent years Liechtenstein has made continued progress in its efforts against money laundering as banking secrecy has been softened to allow for greater cooperation with other countries to identify tax evasion. The Government of Liechtenstein (GOL) has renegotiated a series of double taxation agreements to include administrative assistance on tax evasion cases […].
In practice, many of the customer characteristics often considered high-risk in other locales, including non-resident and trust or asset management accounts, are considered routine in Liechtenstein, subject only to normal customer due diligence procedures. The GOL also decided not to include entities with bearer shares, trusts and foundations, or entities registered in privately-held databases in the high-risk category. Liechtenstein should consider reviewing whether this decision makes its financial system more vulnerable to illegal activities” (INCSR CD 2013: 239-240).
Lowtax also described that “Liechtenstein has moderate domestic taxes, but has specialised and very flexible types of ‘holding’ and ‘domiciliary’ company as well as ‘establishments’ and ‘foundations’ which were tax-exempt until the end of December 2010. They cannot usually trade inside the country. Since January 1, 2011, all formerly tax-exempt entities are subject to the minimum annual tax currently set at CHF1,200. There are more than 30,000 of these ‘offshore’ entities, which provide around 30% of state revenues. There is also a trust regime based on common law, although Liechtenstein is a civil law jurisdiction. The headline Liechtenstein product is private banking, although holding companies must run it close in terms of asset value; trusts have also been successful” (Lowtax.net).
Tax-News reported on Liechtenstein’s new tax law of 2011: “Liechtenstein’s new tax law, extolled as one of the most modern and attractive in the world, contains many changes in the area of corporate taxation, KPMG notes, which undoubtedly serve to significantly increase the attractiveness of the tax location in international comparison. […] The new tax law provides crucially for a new flat-rate of tax of 12.5% for all companies, designed to increase transparency, for the abolition of capital tax, a particular advantage for financing companies […]. Other key changes include a provision granting the full deduction of participation, irrespective of the amount or the holding period of the participation, dividends, or capital gains from the sale of participation in either domestic or foreign legal entities, in contrast to provisions in Germany and in Switzerland, KPMG reveals. Changes to loss carry forward provisions, enabling losses to be offset against future taxable profits for an unlimited period, as well as the introduction of group taxation and the company own-capital interest deduction, also serve to improve the attractiveness of Liechtenstein as a location, KPMG adds” (Tax-News, 15.09.2011).
The Global Forum reported on recent developments relating to accounting records and bearer shares: “Liechtenstein has amended the Persons and Companies Law (PGR) […]. The amendments provide that all relevant entities and arrangements are now subject to requirements to maintain accounting records in accordance with the standard. However, these amendments, while in force, will apply for the first time to financial years beginning after 31 December 2013” (GF 2012: 7-8). As for bearer shares: “Liechtenstein is in the middle of a Parliamentary process of enacting amendments to the PGR which would ensure that bearer shares can only be issued by joint stock companies, limited partnerships with share capital and SEs. The amended law would also require all bearer shares to be held by a custodian, who would be required to maintain information on the holders of such bearer shares. These provisions were introduced in Parliament for a first reading in June 2012 and are likely to be in force before the end of 2012 but transitional provisions would apply till 31 December 2013. The proposed law does not apply to investment companies and companies listed on the stock exchange” (ibid.).
Lowtax describes special types of entities available in Liechtenstein: “The Establishment, or Anstalt, is a corporate form that is peculiar to Liechtenstein. It has no members or shareholders. It is an autonomous fund with eneficiaries. It is often used as a holding company for patents or royalties, or for estate assets” (Lowtax.net).
The IMF wrote in 2008 on Liechtenstein’s banking business and securities sector: “Securities-related activity is primarily asset management for high-net-worth individuals. The major business is asset management—carried out by universal banks, licensed under the Banking Act, investment undertakings (collective investment schemes) licensed under the Investment Undertakings Act, and asset managers licensed under the Asset Management Act. The majority of clients are located outside of Liechtenstein (the largest number are in European jurisdictions). While only one bank is a participant of the Swiss stock exchange, SWX, all banks also offer brokerage services—including the sale of investment funds and securities—to retail investors. All client assets of asset managers must be held at a depositorybank and the asset manager may not have access to any of those assets.” (IMF OFC-AP 2008, V1: 11).
On ‘Black-Lists’ of
32 International Bureau of Fiscal Documentation 1977 Yes [Notes]
33 Charles Irish 1982 Yes [Notes]
34 Hines Rice 1994 Yes [Notes]
35 IMF 2000 Yes [Notes]
36 OECD 2000 Yes [Notes]
37 FSF 2000 Yes [Notes]
38 FATF 2000 / 2002 Yes [Notes]
39 Tax Justice Network 2005 Yes [Notes]
40 Zoromé 2007 (IMF) No [Notes]
41 Stop Tax Havens Act (USA) 2007 Yes [Notes]
42 Lowtax.net 2008 Yes [Notes]
43 OECD April 2009 Yes [Notes
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