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Economic and political stability, liberal taxation and company law combined with strict insurance and banking secrecy has made Liechtenstein a leading international financial centre with the highest credit rating ("AAA") by Moody's and Standard & Poor. Liechtenstein's membership of the European Economic Area (EEA) does not touch on any tax issues. Its liberal tax laws remain therefore unaffected. At the same time, Liechtenstein has put very rigorous up to dated laws and an effective legal apparatus in place to prevent money laundering. All main insurance directives issued by the European Union have been adopted by Liechtenstein. It has also implemented insurance supervisory legislation which is compatible with the rest of Europe. This provides insurance companies like ValorLife with free access to the European market. Liechtenstein has signed an insurance treaty with Switzerland, based on the principle of reciprocity. Thus it is possible for Liechtenstein companies to operate both in the EEA and in Switzerland. (for example, choice of deposit banks) Short historical overview
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