The
Establishment is a legally independent company set up
for permanent economic or other purposes. It is a non-public
institution and must be registered in the Public Register.
The capital of the company (capital, reserves and profit
balance carried forward) is liable for obligations of
the Establishment.
The object of the company can be very wide; it is suitable
for holding companies but also for management purposes.
In particular, it is used for commercial transactions,
whereas specification in the object of the Establishment
has to be made about pursuit of commercial or non-commercial
activities.
The capital of the Establishment is not split. There
are no members or participants, but beneficiaries.
The minimum capital amounts to CHF 30'000.– and
has to be fully paid up.
Executive organs of the Establishment are
1. Holding of the company rights
2. Board of directors
3. Auditors, where necessary
The company business is being conducted and management
by the Board of directors, which may consist of one or
more members. At least one member must be resident in
Liechtenstein and must be a lawyer, trustee, accountant,
or recognized by the government in any other way. For
Establishments engaging commercial activities bookkeeping
is regulated and the accounts have to be audited by a
third governing body.
The proprietary rights are usually assigned to the beneficiaries
designated in the by-laws. The by-laws are an integral
part of the Articles and are not deposited with the Commercial
Register.
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