Liechtenstein Insurance Undertaking License

Liechtenstein Insurance Undertaking

The Financial Market Authority (FMA) in Liechtenstein oversees insurance intermediary activities under the Insurance Distribution Act and associated regulations. Its responsibilities include issuing and revoking licenses for insurance intermediaries, maintaining an intermediary register, conducting ongoing supervision, and protecting policyholders' interests.

Insurance intermediaries based in Liechtenstein must obtain an FMA license to engage in insurance distribution. However, intermediaries already regulated in another EEA Contracting Party or Switzerland, operating in Liechtenstein under the freedom to provide services or freedom of establishment, do not require an additional license.

License applications and supporting documents must be submitted in German or English through the FMA's online portal. Legal entities must have their registered office and head office in Liechtenstein.

The FMA verifies the completeness of the application and makes a decision on granting a license within three months of receiving a complete application. All licensed intermediaries are listed in the FMA's intermediary register.

The license fee and registration fee vary depending on the type of intermediary and the number of employees involved in insurance distribution. Additionally, intermediaries pay an annual supervisory fee based on their gross income from the previous year.

For further inquiries, please contact Neptune Fiduciaries at info@neptunecorporate.com or sales@neptunecorporate.com.