Liechtenstein
Growth of a Micro-Nation Over the last three years
Liechtenstein’s casino market has opened and expanded. With five casinos already operating and a sixth under construction, there’s no
stopping the growth of gambling in this pocket-sized country.
Once known as a billionaire tax haven, Liechtenstein, has managed to develop into a resourceful and lucrative nation. It has always been known for its untouchable banking secrecy and as such became a European safe house for assets hidden behind a very thick curtain.
Coupled with that, Liechtenstein is also a digital hub and the country has been hailed as a crypto- currency pioneer as a 12 month old Blockchain Act marks a milestone for the industry and looks set to make a significant mark on the gambling sector.
Te mountainous microstate found snuggled between Austria and Switzerland, is Europe’s fourth smallest country and is just 160
sq.km in size.
But big things come in small packages as they say, and despite its size and fairy tale image the country has a special superpower and as such has developed into one of the richest countries in the world.
It boasts the second highest GDP per capita in the world (after Monaco) with a disposable per capita income of CHF74,000 (more than four and a half times higher than the European average). It has a prosperous and highly industrialised free enterprise economy.
Back in 1921 a new constitution established the rule of a parliamentary democracy whilst continuing the traditional Monarchy. As such it paved the way for political and social stability. Tat, together with a flexible global commerce set up with minimum trade barriers, and a sound and transparent judicial system, it is an illustration of perhaps how it should, or could, be done.
For centuries Liechtenstein was a relatively isolated country which relied on its agricultural sector. But after World War II the country began to boom and it transformed from an agrarian state to a modern country with a diversified economy opening its doors to industrialised companies looking to set up their business models.
Once known as a billionaire tax
haven, Liechtenstein, has managed to develop into a resourceful and
lucrative nation. It has always been known for its untouchable banking secrecy and as such became a
European safe house for assets hidden behind a very thick curtain.
Te country has a competitive tax system. National personal income tax rates are made up of eight tax bands up to a maximum of eight per cent, whilst corporate tax rate is a flat 12.5 per cent on company net profit with no capital gains, inheritance or gift taxes. VAT is set at 7.7 per cent
NEWSWIRE / INTERACTIVE / MARKET DATA P43
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