Liechtenstein has one of the most performant and modern healthcare systems in Europe. It is made of a public and a private branch which cater to the needs of Liechtenstein residents and it is supported by the fact that all citizens above the age of 16 must have health insurances. These facts have made the healthcare industry one of the most prolific sectors of Liechtenstein’s economy. Foreign investors have the same rights as local ones if they want to start a business in the healthcare industry in Liechtenstein.
Liechtenstein’s Healthcare Law was enabled in 1874 and provides for the duties of doctors and veterinarians. Our company formation consultants in Liechtenstein can offer more information on the current Healthcare Act.
Types of businesses in the Liechtenstein healthcare sector
The healthcare sector is made up of various branches which is why opening a company in Liechtenstein is very profitable. Liechtenstein healthcare businesses can be categorized as:
- – companies offering medical services, such as clinics;
- – pharmaceutical companies which can produce or sell medicines;
- – beauty facilities which can offer various services;
- – research and development companies which create medical devices or medicines.
Back to the beauty sector, the healthcare industry in Liechtenstein is quite developed, the latest Healthcare Law acknowledging homeopathy and traditional Chinese medicine practices. However, the personnel offering these services must meet certain requirements and have special qualifications. Foreign doctors are also allowed to work in the healthcare sector in Liechtenstein.
Registering a company in the Liechtenstein healthcare industry
In order to set up a company in the healthcare sector in Liechtenstein, one must select a business form and register it with the Trade Registrar. The limited liability company is more suitable for small and medium-sized healthcare facilities, but sole proprietorships are also appropriate for professionals offering their medical services.
Once the company is registered, there are various special licenses the business must obtain in order to start operating.
For full information on how to start a business in the Liechtenstein healthcare sector, please contact us.