LIECHTENSTEIN OPENING AN ACCOUNT WITH A LIECHTENSTEINER BANK ACCOUNT IN LICHTENSTEIN FOR INDIVIDUAL NON-RESIDENT OFFSHORE COMPANY LIST OF BANKS
In Liechtenstein, a non-resident bank account is defined by a financial service that includes a deposit of money with a Liechtensteiner financial institution for a person or business people who does not live in the principality.
In Liechtenstein, the purpose of opening an offshore or onshore bank account for non-residents is to allow people and entrepreneurs to open an account with a Liechtenstein bank for various reasons and avoid using the banking services of their own country.
In Liechtenstein, it is first important to know that a non-resident bank account is not automatically offshore, because this term is often misunderstood and confusing, an offshore bank account means that it respects a jurisdiction outside the country of the location of the bank account and not outside the country of the account holder.
In Liechtenstein, an offshore bank account is not necessarily an option to enjoy the benefits of money deposits with Liechtenstein banks particularly as some suggest, as offshore accounts are available in all European countries.
Lichtenstein, concerning a bank account for those who do not reside there, presents certain advantages concerning the taxation, the discretion with which the banks of the principality operate.
The Principality of Lichtenstein welcomes two different types of non-resident customers to its banks, individuals who do not live there and companies headquartered outside Liechtenstein.
LIECHTENSTEINER BANK ACCOUNT FOR NON-RESIDENT INDIVIDUALS
In Liechtenstein, an individual can open an account at his ease whether he is of European nationality or not, of course, the opening of this bank account must be justified by its function along with a minimum amount which must be accepted by the banks of the Principality.
The individual in Lichtenstein should know that he must abide by the compliance policy imposed by all banks which requires the source and origin of funds, also the Liechtenstein banks disclose all information related to the account simply on request of the European and American tax authorities.
In Liechtenstein, some banks for non-residents are in a gray area offering anonymous or numbered bank accounts knowing that their holder may be punished by the law of his country in the event that there is a cooperation agreement to combat money laundering.
BANK ACCOUNT FOR BUSINESS IN LICHTESTEIN
In Liechtenstein, the bank account for a non-resident company and therefore not having its activities in the principality aims to allow an entrepreneur to entrust his professional transactions with a Liechtenstein bank.
For a professional bank account in Liechtenstein, the advantage is not the opening of an account in itself but by linking it with the creation of an offshore company based in one of the tax havens and which would allow it to escape its country of residence’s taxes.
In Andorra to obtain a loan, the credit documentation will ask for a membership at the Caixa Andorrana de Seguretat Social (CASS of local social security department), bank statements for the last six months.
LIST OF LICHTENSTEIN BANKS
In Lichtenstein, the list of banks is as follows: