Description and volume of the aid packages made available to employees, small businesses, large corporations

The government has adopted a package of measures worth 100 Million Swiss Francs to cushion the effects of the Covid-19 crisis on the economy. This sum is to be used partly for supporting the unemployment fund, for guaranteeing bridging loans to those who need financial support and for providing financial aid to businesses that have been closed by the authorities as well as to the CEOs of small businesses and sole traders who are generally not entitled to benefit from the ‘short-time work’ regulations. Liechtenstein is also explicitly offering support to cultural professionals who are impacted by the Covid-19 crisis. In addition, the government has provided for a deferral of tax and pension contributions. For details regarding use of the aid package, please click here.