Hereditary Prince Alois of Liechtenstein is currently inviting companies of all kinds to his country that deal with the topic of blockchain. The Principality of Liechtenstein was said to be the best place for the crypto community to stay. Ethereum founder Yanislav Malahov, who chose the headquarters for his start-up company Aeternity, expressed similar words. In the Principality the conditions are almost optimal, as Malahov said.
The hereditary monarch of Liechtenstein recently expressed himself very positively in the press on the subject of blockchain and crypto currencies. Prince Alois of Liechtenstein told CNBC that digital tokens like the Bitcoin were things that should be “looked at more closely” in the future. But he added that he lacked the knowledge to invest in it. However, ledger technology and the block chain could help with his country’s administrative activities in the future, according to Prince Alois.
Liechtenstein, the sixth smallest country in the world, is currently home to more companies than inhabitants. In the past, this state was one of the vanishing points for people and companies who had brought their assets to safety from the tax authorities. An international agreement to prevent tax evasion was signed in November 2013. Nevertheless, the country is interesting from a tax point of view. Despite its membership of the United Nations (UN) and the European Economic Area (EEA), Liechtenstein is not an EU member. Whatever form the European Union wants to regulate crypto currencies plays no role for companies in Liechtenstein now and later.
Liechtenstein: Good conditions for company founders
The Princely House of Liechtenstein is considered one of the richest in the world, with an estimated assets of around USD 4.4 billion. Ethereum founder Yanislav Malahov speaks of very good conditions that can be found there as an entrepreneur or founder of a start-up. This applied even if the princes could not be expected to make any financial contributions. Malahov told Forbes magazine that it was even possible to establish a new company there on the basis of Bitcoin or Ethereum without a bank account of one’s own. Crypto meetings are held on a monthly basis in the capital Vaduz. Despite the nation’s small size, several hundred people are expected to participate. By the way, the latest start-ups in the country are Chainium and Vimana.