Article
EU Crowdfunding Regulation Finally Applies In Liechtenstein: ECSPR Licensing, €5 Million Offers And EEA Passporting From August 2026
A regulatory gap that had existed for several years between the European Union and the EEA EFTA States has now closed: since 1 August 2026, Regulation (EU) 2020/1503 on European crowdfunding service providers for business, generally referred to as the ECSPR, is applicable in Liechtenstein, opening a harmonised authorisation route for qualifying crowdfunding platforms and, more importantly from a commercial perspective, bringing Liechtenstein within the European cross-border framework for regulated crowdfunding services.
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