Doing Business with Liechtenstein

A comprehensive guide to doing business, exporting, investing, and manufacturing in Liechtenstein.

Foreign Direct Investment with the International Trade Council / Company Incorporation / Company Formation

Albanian Investment Development Agency

Tel: +355 42 251 001
Email: info@aida.gov.al
Web: www.aida.gov.al

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General Directorate of Customs

Albania General Directorate of Customs - International Trade Council

 

Tel: +355 42 253 820
Email: helpdesk.dpd@dogana.gov.al
Web: www.dogana.gov.al

National Chamber of Commerce

Albanian Chamber of Commerce and Industry

Albanian Chamber of Commerce and Industry - International Trade Council

Tel: +355 45 800 932
Email: cci.tirana@cci.al
Web: www.cci.al

Ministry of Economy Information from the International Trade Council - a Peak-body - international chamber of commerce

Ministry of Finance and Economy, Albania

  • Type of Government: Constitutional Monarchy
  • Population: Approximately 39,000
  • GDP: Around $6 billion USD
  • Corporate Tax Rate: 12.5%
  • Personal Income Tax Rate: Progressive, up to 24%
  • Major Exports: Machinery, dental products, electronics
  • Major Imports: Raw materials, machinery, foodstuffs

 

Exporting to Liechtenstein involves several steps. Here’s a comprehensive guide:

  1. Research Market Requirements

    • Understand Liechtenstein’s import regulations and standards for your product.
  2. Identify Local Partners

    • Establish relationships with local distributors or agents in Liechtenstein.
  3. Prepare Export Documentation

    • Include commercial invoices, packing lists, and certificates of origin.
    • Ensure compliance with labeling and packaging requirements.
  4. Arrange Logistics and Shipping

    • Choose a reliable shipping company. Ensure accurate completion of shipping documents, such as bills of lading.
  5. Customs Declaration

    • Work with a customs broker to facilitate the clearance process.
    • Submit all required documentation to the customs authorities.
  6. Understand Duties and Taxes

    • Familiarize yourself with any applicable import duties and taxes in Liechtenstein.
  7. Distribution and Sales

    • Establish distribution channels within Liechtenstein.
    • Consider partnerships with local businesses for effective market penetration.

Key Contacts

Importing goods into Liechtenstein involves several steps. Here’s a comprehensive guide:

  1. Register as an Importer
    • Ensure your business is registered and compliant with Liechtenstein regulations.
  2. Classify Your Goods

    • Determine the correct Harmonized System (HS) code for your products to identify applicable duties and taxes.
  3. Check Import Regulations

    • Ensure compliance with specific standards and obtain necessary permits or certifications for your goods.
  4. Find a Reliable Supplier

    • Establish a relationship with a trustworthy overseas supplier.
  5. Arrange Shipping and Logistics

    • Choose a reliable freight forwarder.
    • Ensure all shipping documents are in order, including the bill of lading and commercial invoice.
  6. Customs Declaration

    • Submit all required documentation to the Liechtenstein Customs Administration.
    • Work with a customs broker if necessary to facilitate the process.
  7. Pay Duties and Taxes

    • Calculate and pay applicable import duties and taxes through the customs system.
  8. Receive Your Goods

    • Arrange for the transportation of goods from the port to your warehouse or distribution center.

Key Contacts

Incorporating a company in Liechtenstein involves several steps. Here’s a comprehensive guide:

  1. Choose a Company Type

    • Decide on the legal structure (e.g., Aktiengesellschaft (AG), Gesellschaft mit beschränkter Haftung (GmbH)).
  2. Reserve a Company Name

    • Check and reserve the desired company name with the Liechtenstein Office of Justice.
  3. Prepare Incorporation Documents

    • Draft the Articles of Association and prepare other necessary documents.
  4. Deposit Share Capital

    • Deposit the minimum required share capital in a bank account.
  5. Submit Registration Application

    • File the application with the Liechtenstein Office of Justice, including all required documents.
  6. Obtain Business License

    • Apply for a business license from the Office of Economic Affairs.
  7. Register for Taxation

    • Register with the Liechtenstein Tax Administration to obtain a Tax Identification Number (TIN).

Costs

  • Registration Fees: Vary based on company type; confirm with the Office of Justice.
  • Additional Costs: Include notary fees and business license fees.

Key Contacts

Setting up a manufacturing plant in Liechtenstein involves several steps. Here’s a comprehensive guide:

  1. Conduct Market Research

    • Analyze demand, competition, and location advantages in Liechtenstein.
  2. Choose a Suitable Location

    • Consider available infrastructure and proximity to resources.
    • Check zoning regulations and obtain necessary permits from local authorities.
  3. Incorporate Your Company

    • Register your business with the Liechtenstein Office of Justice.
  4. Obtain Necessary Permits and Licenses

    • Apply for industrial and environmental permits from relevant ministries.
  5. Secure Financing

    • Explore options through banks or investment partners.
  6. Design and Construct the Facility

    • Hire architects and contractors for design and construction.
    • Ensure compliance with local building codes and safety regulations.
  7. Install Equipment and Machinery

    • Purchase and set up machinery necessary for production.
    • Ensure safety and operational standards are met.
  8. Hire and Train Workforce

    • Recruit skilled labor and provide necessary training.
  9. Set Up Supply Chain and Distribution

    • Establish relationships with suppliers and distributors.
  10. Begin Operations

    • Start production and monitor operations for efficiency and quality control.

Key Contacts

Registering a trademark in Liechtenstein involves several steps. Here’s a comprehensive guide:

  1. Conduct a Trademark Search

    • Ensure your trademark is unique and not already registered.
  2. Prepare Your Application

    • Include the trademark design, classification of goods/services, and applicant details.
  3. Submit the Application

    • File your application with the Liechtenstein Office of Economic Affairs.
  4. Pay the Application Fee

    • Confirm the current fee structure with the Office of Economic Affairs and make the necessary payment.
  5. Examination Process

    • The application undergoes examination for compliance and potential conflicts.
  6. Publication and Opposition

    • If approved, the trademark is published for opposition. A period is given for third parties to oppose.
  7. Registration and Certification

    • If no oppositions arise, the trademark is registered, and you receive a Certificate of Registration.
  8. Maintain and Renew the Trademark

    • Trademarks need periodic renewal to maintain protection.

Costs

  • Application Fee: Varies; confirm with the Liechtenstein Office of Economic Affairs.
  • Registration Fee: Additional fees apply upon successful registration.

Key Contacts

Resolving commercial disputes in Liechtenstein involves several steps. Here’s a guide on the process:

  1. Attempt Negotiation

    • Start by negotiating directly with the other party to reach an amicable solution.
  2. Mediation

    • Engage a mediator to facilitate discussions. This is often quicker and less formal than court proceedings.
  3. Arbitration

    • Consider arbitration for a private and binding resolution. Both parties must agree to this method.
  4. Seek Legal Advice

    • Consult with a lawyer specializing in commercial law for guidance on your case.
  5. File a Lawsuit

    • If other methods fail, file a lawsuit with the Liechtenstein courts. Prepare necessary documentation and evidence.
  6. Court Proceedings

    • Attend hearings and present your case. Follow legal procedures as guided by your lawyer.
  7. Judgment and Enforcement

    • If a judgment is made, ensure its enforcement through legal channels.

Costs

  • Mediation and Arbitration Fees: Vary depending on the service provider.
  • Court Filing Fees: Depend on the jurisdiction and case type; consult local courts.
  • Legal Fees: Vary based on the lawyer and complexity of the case.

Key Contacts

When considering doing business in Liechtenstein, various social, cultural, political, and economic factors must be taken into account.

Social and Cultural Factors

  • Language: German is the official language; English is widely used in business contexts.
  • Business Etiquette: Punctuality and formal communication are important in business interactions.

Political Factors

  • Government Structure: Constitutional monarchy with a stable political environment.
  • Regulations: Business-friendly policies with a strong emphasis on financial services.

Economic Factors

  • Economic Stability: A highly developed economy with a focus on finance, manufacturing, and technology.
  • Corporate Tax Rate: Competitive rate of 12.5%.

Foreign Exchange

  • Currency: Swiss Franc (CHF).
  • Exchange Rate: Stable, as it is tied to the Swiss economy.

Rule of Law

  • Legal Framework: Strong legal system with well-defined property rights and contract enforcement.
  • Judiciary: Efficient and reliable legal processes.

Business Environment

  • Infrastructure: Well-developed infrastructure with excellent connectivity to European markets.
  • Workforce: Highly skilled and multilingual workforce, with a strong emphasis on education and vocational training.

Key Resources

Our Members Include Leading Organizations in Liechtenstein

Ask our Experts on Doing Business in/with Liechtenstein

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