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Buy a company in Liechtenstein in 2023

How to open a company in Liechtenstein in 2023

30. 12. 2022

If you are looking for access to the European market, we recommend opening a company in Liechtenstein in 2023. The Principality is not part of the EU, but it is part of the EEA, the Schengen Area, the European Free Trade Association. It also boasts a simple tax system, low corporate tax, developed economy, infrastructure, and financial sector. In addition, Liechtenstein is one of the few countries in the world that is open to investments in cryptocurrencies and blockchain-based projects.

Requirements for starting a business

Starting a business in Liechtenstein is governed by the Companies Act. Important requirements include:

  • registration with the Commercial Registry;
  • local director, while a resident partner is not required;
  • secretary is optional;
  • legal address in the country, if necessary a virtual office can be used;
  • both individuals and legal entities can open a company, by clearly indicating the type of activity.

How to open a business in Liechtenstein

Opening a business in Liechtenstein does not take much time if properly filled out documents are submitted at once. Registration consists of these steps:

  • Determine the type of legal entity - there are 16 legal forms in the Principality. The most common are LLC (GmbH), public limited company (AG), foundation (Anstalt), trust. Due to the tax advantages a foundation (Stiftung) is in great demand.
  • Decide on a name in German and send it to the Company Index for verification.
  • Prepare the founding documents depending on the form of the legal entity.
  • Obtain a business license from the Office of Economic Affairs (if applicable). It should be accompanied by a certificate of criminal record, legal capacity of the company, a description of the purpose of the business and other necessary documents.
  • Enter the company into the Commercial Registry.
  • Register as a VAT payer if annual income exceeds €100,000.
  • Notify social services if you are going to hire staff.

Any foreign company must hire a local director. They can not have a criminal record, which should be confirmed by a certificate from the police no older than 3 months. This statement must be submitted to the Commercial Registry together with the director's proof of qualifications.

Documents for the company incorporation

What documents are required in order to register a company in Liechtenstein 2023 depends on the type of legal entity. It is mandatory to provide the following:

  • Notarized copies of passports of owners and shareholders.
  • Proof of legal office in the Principality.
  • Memorandum of Association and Articles of Association, notarized.
  • Information about managers - their passports, qualifications.
  • Certificate from a local bank, which confirms that the share capital is on account.

The charter must contain the following data:

  • objectives and objects of activity;
  • names of shareholders, their percentage share, rights and obligations;
  • the amount of the share capital;
  • date of the annual general meeting;
  • how exactly the authorized capital can be changed;
  • procedure of dissolution, liquidation.

It is also possible to include in the charter special provisions that affect the management of the business. For example, it can be a procedure for dismissal of directors, managers or a method for settling possible disputes.

Timeframe for business registration

The company registration process takes about a month if all the documents are submitted correctly. In rare cases, the term can be extended.

How to open a business in Liechtenstein

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