How to open a bank account in Bank of Liechtenstein

At the Extraordinary General Meeting on 12 March 2021, the shareholder of Mason Privatbank Liechtenstein AG decided to voluntarily liquidate the bank.

As Mason Privatbank Liechtenstein AG made significant operational losses in 2019 and 2020 given, inter alia, globalization and digitization challenges, where there are no reasonable means or prospect of making any material improvement on its own financial performance or operations in the foreseeable future, the Shareholder is of the view that it is unlikely for the bank to make a turnaround and to generate sufficient revenue to cover its own operating expenses.

With the voluntary liquidation, Mason Privatbank Liechtenstein AG renounced its banking licence on 15^th  March 2021 and notified this renunciation in writing to the Financial Market Authority (FMA) Liechtenstein. The FMA will take the measures necessary for the execution of the liquidation and the winding up of current business and issue the necessary instructions to the liquidators