Review:
This exceptional book offers a wealth of valuable and practical advice on how to start up a bank successfully, and where.
This new book is full of useful, up-to-date tips, and packed with valuable behind-the-scenes information on how to start up a bank successfully. What are the general conditions and local requirements? Where is the best location? In this book, Liechtenstein as a banking center is examined in-depth to illuminate the answers to these key questions with a comparative study of Switzerland as a location.
There are a variety of reasons why this country is such an attractive location to start up a bank. Banks, banking products and customers enjoy the low tax conditions. Moreover, there are advantages derived from banking secrecy laws, limits on law enforcement bodies in fiscal matters, and the stable Swiss franc as the local currency. Stricter money laundering regulations have practically eliminated the negative headlines associated with Liechtenstein’s image as a banking center. Of course, it goes without saying that developments in a country as small as Liechtenstein comport closely with both international and European norms and conditions.
The author is a professional in his field with first-hand, extensive experience of asset-related issues. He understands the background forces that shape and influence asset management and investment, both in Europe and globally, particularly those issues with long-term reach. This includes the stability of financial centres and the availability of human resources, the relationship of capital transfer tax (death duties) to taxes on assets, banking secrecy laws, tax amnesty on money that has “escaped” (i. e. been transferred abroad), undeclared money, and others. The flow and movement of medium to large amounts of assets is influenced by such factors.
In short, this timely and valuable book should be read by anyone in the banking business.
About the Author:
The author is the head of the Technology and Statistics Department at the Office of Economic Affairs for the state administration of Liechtenstein. He is further responsible for the National Accounts for the Principality of Liechtenstein. As such, he is in charge of calculating both gross domestic product (GDP) as well as gross national earnings and income. He represents Liechtenstein on various international bodies on issues of National Accounts.
Prior to working for the government, Mr. Buechel worked as an accounts manager for a licensed trust company (Financial Services). His duties there included business-, financial and tax consulting as well as real estate management. Furthermore, he gathered practical experience as part of his education in various technical fields of the construction business.
Bruno Buechel is uniquely qualified with extensive experience both in the building and financial service sector as well as a government insider in the Office of Economic Affairs. He is fully aware of the national and international forces that determine and shape the building and financial industry as well as the legal and economic responsibilities of managing and governing an economy.
