|
|
|
|
| The Foundations
|
The foundation is the most frequently used legal form in Liechtenstein. Assets donated for a specific purpose acquire an independent status and, within the foundation, their own legal personality. Special purpose assets, elevated in such a way to a legal person, cease to be part of the founder’s private assets and then constitute the foundation assets.
Foundations are particularly suitable for asset management purposes and as an instrument for assuring long-term succession arrangements. For commercial purposes the foundation is unsuitable.
The Liechtenstein Persons and Companies Act (PGR) - the legal basis of the family foundation - allows dividend distributions to be guaranteed unconditionally within the scope of foundation law.
The enjoyment of the beneficial interest can be contingent, temporary and linked to conditions or restrictions.
The foundation recommends itself as an instrument to preclude company splitting through succession, by including companies in the foundation. The foundation board’s activity in the deposited foundation may be voluntarily reviewed via auditors.
The minimum capital required to establish a foundation is CHF 30,000.00. The foundation’s assets are exclusively liable for the foundation’s obligations.
I would like more information on Liechtenstein foundations
The Liechtenstein Persons and Companies Act (PGR)
Please ask for our informative literature
or call us on +423 232 71 50.
|
|
|
|
|
|
|