Squeezed into half a valley between Austria and Switzerland, the principality of Liechtenstein has long been home to the financial secrets of the rich and powerful. The principality has, in recent years, stepped up its efforts to shed its reputation as one of the most secretive havens in the world as part of a pithy rebrand from “tax haven” to “safe haven”. Nonetheless, the sparsely populated country has more companies than people and its opaque financial industry remains the beating heart of its economy. Foundations are a central component of its attractiveness. Liechtenstein foundations are solid asset protection vehicles for…
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