According to the press release from the Liechtenstein government dated September 30th, 2016, the joint EEA Committee has decided to integrate the so-called AIFM Directive into the EEA treaty. Via the passporting system and from October, 1st 2016 onwards, Liechtenstein AIF and AIFM will consequently have access to the EEA internal market being composed of 28 EU states and of the EEA/EFTA states Norway and Iceland. The distribution of Liechtenstein Undertakings for Collective Investment in Transferable Securities (UCITS) within the European internal market has already been possible. Now, the same applies to the AIF sector. This integration provides Liechtenstein with the same market access possibilities as the EU member states. The country presents itself as an ideal gateway into the European market due to specific advantages for financial institutions from non-EEA states and its strong focus on cross-border activities in the fund sector.