In an economy that is increasingly internationally linked and globally dependent, the economic policy of the small country of Liechtenstein is in a special situation. Since its own influence is limited, the general conditions for business activity must be stable and favorable.
The participation in European and international Trade Agreements, such as the EEA Agreement, the EFTA Free Trade Agreements and the WTO, has become increasingly important for the export-oriented economy. Liechtenstein provides excellent conditions for business and economic development.
In addition to political continuity, this requires a predictable legal and social order and a liberal economic order overall. This is also determined by the small State apparatus. The level of State intervention in economic processes is therefore kept low. A solid financial policy of public budgets, fast administrative channels, and a low level of bureaucracy overall are supported by restrained tax legislation.