Liechtenstein is a dwarf state, characterized by a socio-political stability. This helps attract entrepreneurs from all over the world, who are seeking to establish a Liechtenstein company or an investment fund. A state also has a high level of secrecy with strict sanctions, imposed for violations of a confidentiality.
Key features
Jurisdiction is known for its flexible laws, allowing the registration of a commercial organization in Liechtenstein, which will be recognized by laws of any jurisdiction. Low taxes attract more entrepreneurs every year. This state has agreements with Switzerland, it is a member of the European Free Trade Association.
A legal system
If you intend to open an enterprise in Liechtenstein, get acquainted with the legal system. A process is simple, let's go through it. A registration procedure:
- First, you need to decide on the legal form of the future legal entity, to take care of registering a real office.
- Then, you need to come up with a name. It must comply with local regulations, exclude any offensive or obscene words in the name. Also, this chosen name should be free.
- You need to draw up or receive documents on the formation of the company (for example, an application for registration, a Charter, a partnership agreement, a capital confirmation, an application for acceptance by the audit body, etc.).
- In most cases, in order to register a company in Liechtenstein, it is necessary to obtain a Liechtenstein license for future activities. Please note, that for certain activities it is necessary to obtain a license in accordance with special laws.
- If necessary, you need to contact the branch of the Register of Enterprises to enter the company in the register of companies. If all necessary documents are submitted, a license can be granted within one week.
Four most common types of legal entities are in Liechtenstein.
A package of documents for registering a Joint Stock Company (AG) in Liechtenstein:
- An application for a registration;
- A declaration of recognition and a signature of directors/managers;
- A declaration of recognition by the audit body;
- The Charter;
- A confirmation of the capital, issued by the bank;
- Obtaining a business license in Liechtenstein;
- An application to the office of the Register of Enterprises.
A package of documents for establishing a Limited Liability Company (GMBH) in Liechtenstein:
- It does not require a public act (a declaration of formation), if the management structure contains no more, than three members and only one managing director. If these criteria are not met, a public statement will be necessary;
- A declaration of recognition and a corporate signature by members and CEO;
- A declaration of recognition by the audit body;
- The Charter;
- The confirmation of a capital, issued by the bank;
- Obtaining a Liechtenstein license;
- An application to the office of the Register of Enterprises.
A package of documents for setting up an Institution (ANSTALT) in Liechtenstein:
- A declaration of recognition and a signature by founders;
- An application for recognition by the audit body;
- The Charter;
- The confirmation of a capital, issued by the bank;
- Obtaining a license in Liechtenstein;
- An application to the office of the Register of Enterprises.
A package of documents for registering a Private Enterprise in Liechtenstein:
- Obtaining a Liechtenstein business license (or a license in accordance with special laws);
- With the exception of certain commercial transactions (operations with money, exchanges, securities, exchanges and debt collection; activities as a commission agent, an agent/broker; fiduciary transactions, activities as a consultant, a messaging) all transactions are exempted from the obligation to enter the commercial register, if the annual turnover does not exceed 300,000 Swiss francs.
- A voluntary appeal to the branch of the Register of Enterprises.
How to register a firm in Liechtenstein?
Before you start preparing and collecting documents, consult with experienced lawyers and enlist their support. YB Case specialists are ready to advise clients, give comprehensive answers on registering a company in Liechtenstein, assist in opening a corporate account in a Liechtenstein or Swiss bank.
