| ONE of the
leading and the most beautiful tax havens in Europe - Liechtenstein, which
attracted net inflows of money worth HK Dollar 108 bn last year, has finally had
its tryst with Asia under pressure from the G-20 drive agaisnt tax havens. To
comply with the OECD guidelines, it has set up a Consulate in HK.
Its
representative reportedly said that thanks to rapid development, the Asian
Region has become more important to Liechtenstein. These two countries had
negotiated a DTAA in 2010. The two of its leading banks - LGT and VPBank, have
shops in Asia. LGT employs about 250 people in HK and Singapore. Both banks
provide private banking and asset management service.
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