Wednesday, September 30, 2009

Prosperity and The Tiny. Business as The Usual. Financial Switchbacks

Liechtenstein is surrounded by other landlocked countries (Switzerland and Austria), so it manufactures its own modern-day industry.  It chose one that requires minimal transport expense - facilitating whatever business people want to do with their finances, investments, assets and businesses, far from prying governmental regulatory or income-control eyes.

And transport everything by switchbacks with mirrors to tell you if anyone else is on the road to see.

So, come here with it.  Roads may be perilous, but it is easy to go where you want, even up the steep slopes, with tight switchbacks, U after U after U.  


Provide lots of rear-view mirrors everywhere, and you, too, can turn a profit. After you?

We understand that Liechtenstein has more companies and corporations registered than it has people.  That may not be a jaw-dropper, since there are only 35,000 people, but it does highlight how a niche market can lead to enormous prosperity. This bit is from a Liechtenstein Guide, ://www.the-backpacking-site.com/countries/liechtenstein-overview.html, so statistics are to be checked, but it makes cents.

The figures do check out:  35,600 people, and 33,600 jobs. Low unemployment. Just about a break-even. See Portal of the Principality of Liechtenstein at ://www.liechtenstein.li/en/eliechtenstein_main_sites/portal_fuerstentum_liechtenstein/fl-wuf-wirtschaft_finanzen/fl-wuf-wirtschaftszahlen/fl-wuf-wirtschaftszahlen-wertschoepfung.htm/.

See Liechtenstein Guide, ://www.the-backpacking-site.com/countries/liechtenstein-overview.html/  It is a casual look, so statistics are to be checked, but the concept of using money as the industry makes cents.

And it has worked/ With its long history of withstanding invasion and maintaining its identity, Liechtenstein is a success story of survival, stability and prosperity.
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With few commercially profitable natural resources in this 15 mile long landlocked principality with its flat Rhine valley and mountains, wine works well. Add vineyards and enjoy another dimension. Grapes even grow through the wires, to the road as you walk up. Enjoy a few.

This is similar to the function of small-sized Delaware in the United States, in luring corporations to incorporate there.  Is that so? Make the laws friendly to corporations, and the corporations will come. And they did and do.  Put more matters on the "legal" side of the ledger, and you have more latitude in what you choose to do, to whom, when, where and how. In Delaware, corporate matters are considered in "Chancery" and technically "equitable" rather than "legal" for jurisdiction purposes, giving even more discretion to those who appreciate it.  Cleverly done, little but influential Delaware.


 Liechtenstein is not part of the EU, but someone can work there for 3 months freely from any EU country, and Switzerland, Norway and Iceland.  Then apply for a residency permit.  Set up your very own banker there until you get your affairs settled. See again ://www.the-backpacking-site.com/countries/liechtenstein-working.html/

Rely on nothing legal until you check it out yourself, however.  These are casual info sites for interest only. Check the economy assessments and data. Is the financial industry for you.  Even if you don't have it, you could steer others down investment's and other disposition's slippery slopes, and who would know. Add yours to the registered corporations. Opportunity. See financial services sector activity and history at ://www.liechtenstein.li/en/eliechtenstein_main_sites/portal_fuerstentum_liechtenstein/fl-wuf-wirtschaft_finanzen/fl-wuf-wirtschaftszahlen/fl-wuf-wirtschaftszahlen-wirtschaftsgeschichte.htm/.  Dependence on foreign investment.

Some can rise above that influence, however. Even in Delaware, with its vast business tilt, important votes can and may well reflect the whole, not just the parochial. Global decency on the rise?

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