1. Liechtenstein, the financial center Russian Economic and Financial Forum, Zurich, January 31, 2005

2. Facts & Figures 16 Banks 16 Banks 350 trust companies (fiduciaries) 350 trust companies (fiduciaries) CHF 104 billion (1000 million) under management CHF 104 billion (1000 million) under management

3. Principle One country – two economic areas

4. 3 Foundations 1 International network 2 Liberal economic environment 3 Individual is the focus of economic success

5. International network Global focus; LGT and VP Bank as examples Global focus; LGT and VP Bank as examples Vital committment to fight the abuse of the system; strict anti-money-laundering and anti financing of terrorism legislation Vital committment to fight the abuse of the system; strict anti-money-laundering and anti financing of terrorism legislation EU-withholding tax – system EU-withholding tax – system Close co-operation with the European Banking Federation Close co-operation with the European Banking Federation

6. Liberal economic environment Customs and Currency union with Switzerland; CHF as currency, tight relation to the Swiss economy Customs and Currency union with Switzerland; CHF as currency, tight relation to the Swiss economy Member of the European Economic Area (EEA); privileged relations to the EU Member of the European Economic Area (EEA); privileged relations to the EU Strict banking secrecy; no mutual legal assistance in purely tax matters Strict banking secrecy; no mutual legal assistance in purely tax matters State interventions in business and competition kept to a minimum State interventions in business and competition kept to a minimum

7. Individual is focus of economic success All actions by the Liechtenstein financial center are focused on individual solutions; private banking and company law All actions by the Liechtenstein financial center are focused on individual solutions; private banking and company law Competitive environment even harder after 2001 Competitive environment even harder after 2001

8. Actively shaping the future Innovation and communication are of crucial importance on the business side; investment funds Innovation and communication are of crucial importance on the business side; investment funds Dialogue and seeking for constructive co- operation on the associations side; Germany Dialogue and seeking for constructive co- operation on the associations side; Germany Maintenance of privacy and banking secrecy Maintenance of privacy and banking secrecy

9. Conclusion Transparency where necessary; global threats as money laundering and financing of terrorism, no abuse Transparency where necessary; global threats as money laundering and financing of terrorism, no abuse Privacy as the basic rule in Liechtenstein as a european country Privacy as the basic rule in Liechtenstein as a european country We stand for respectful interaction with clients and also within the political and economic framework We stand for respectful interaction with clients and also within the political and economic framework