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Company formation Liechtenstein
Liechtenstein is a monarchy with a length of 25 kilometers and a width of 6 kilometers. Liechtenstein is the smallest in terms of area in relation to other monarchies in Europe. Liechtenstein lies in the Rhine Valley between Austria and Switzerland. The legal system is based on the Swiss and Austrian case law.
Domiciliary company or commercial enterprise
Anyone who considers setting up a business in Liechtenstein first and foremost thinks of the tax benefit of the lower taxes. Liechtenstein companies are subject to capital and income tax. Likewise, it has to be decided whether it is a so-called domiciliary company, that is, where only the registered office is in Liechtenstein or whether it becomes a commercial enterprise. A commercial enterprise conducts its activities domestically. Because there are tax differences between the two types of company. Income earned by a company abroad remains tax-free. Thus, domiciliary companies are exempt from tax. However, a capital tax of 1 per mille (at least CHF 1,200 per annum) must be paid annually.
For “Domiciliary companies”, industries in the area of merchandise trade, service companies as well as companies with the field of activity consulting and mediation as well as asset management are suitable.
At any time and indefinitely capital can be brought into the enterprise or transferred back. For proper bookkeeping companies are obliged but not to publish the numbers.
Companies that also do business in Liechtenstein are subject to the annual income tax of 12.5%.
Company types and legal forms
If you want to start a business in Liechtenstein, you have to decide for yourself which company form is the right one for the foundation. A distinction is made between the asylum, the corporation, foundation or trust (trustee), trusteeship.
The working capital of a corporation is at least Sfr 50,000. For all other types of business, the minimum amount of business capital is Sfr 30,000.
All types of company pay only one annual tax of Sfr 1,000, –
The biggest advantages of Liechtenstein are
- Banking secrecy
The biggest mistakes when starting a business abroad
Many agencies and law firms do not advise comprehensively or wrongly. Learn what to look for.
Gravity of the situation
Often, these law firms think foreign companies are half-silk, tax evasion is favored and mailbox companies are the leaders rather than the exception. This is true, however, only in some start-up agencies that do not have the necessary expertise. Self-proclaimed law firms that do not employ tax accountants or lawyers usually set up companies that are unlikely to operate legally. We set up and look after companies that can withstand tax audits and that are legally operated.
Do you have to live in the country where you start a company?
You can set up a company worldwide, as long as the respective country allows you as a foreigner to acquire shares in local companies or to act as a managing director. If this is not the case trustees can be used. For example, Cyprus allows every EU citizen to own and run a business. Nevertheless, trustees can be used for the purpose of identity protection. However, it is important that the management takes place locally, in the country in which the company is to be taxable. In addition, a permanent establishment must be set up. Without these, a major tax offices around the world do not recognize the company and in the worst case would require additional payment of corporate and business taxes plus late payment surcharges. We rent you a real office and set up a permanent establishment that meets all requirements beyond doubt.
Problematic Law firms: Secrecy is not regarded.
Some law firms bind customers with toggle contracts and exert pressure when the customer wants to close his company. If you are a client of a law firm that has established a legally flawed company, they can be blackmailed. Because in the case of a fiscal problem, law firms without a license are not bound by a duty of secrecy.
Migrating to a different law firm
We receive many inquiries from customers who already own a foreign company and are looking for a new law firm. The process of changing law firm is made often difficult on purpose. Therefore, we have developed a principle of trust. If you are not satisfied with us and want to change, you can do that at any time. The necessary documents (resignation letter), you receive from us standardized after founding. You are therefore protected against unexpected costs and you are free at any time to visit another law firm. So far we have not lost any customer to another law firm.
Privacy / Firm Location
Your accounting documents are kept safe with us. In addition, all electronic data is stored encrypted and accessible only by us, which are bound to a professional secrecy. All accounting records are also stored locally only. Neither authorities nor hackers are able to access this data.
There are quite a few locations in the world that do not charge taxes on companies or individuals, or only estimate a very low flat rate tax. But this can rarely be used without corresponding change of residence. If you are a resident of any major country, the relevant double taxation agreement is decisive. Providers who promise otherwise lead them to tax evasion, which in the case of discovery usually punishes severely. We advise against setting up companies in countries that have already been blacklisted by the OECD. The foundation is usually very cheap, but the tax consequences in your origin country can be devastating. Since the introduction of the automatic exchange of information between almost all major countries, an anonymous private account no longer exists.
We comply with the following code:
- Legally secure foundations
- No unexpected(hidden) costs
- No false promises
- Finding the right solution by focusing on your requirements
With this strategy, we have been on the market since 2013 and have not disappointed any customer so far. And we prioritize it in keeping that way. We strive to ensure that every client is satisfied and does not take risks with the solutions we provide for them, but only exploits legal opportunities. Starting a company that involves doing real business is more costly than a letterbox company, but it is the only way to save on taxes without risking legal action.
What makes a company foundation in Lichtenstein attractive to foreigners?
Banking secrecy is enshrined in Lichtenstein by law. The start-up company may belong to a single person. The AG, Anstalt, Foundation or Trust are founded fiduciary and also managed. That means they are taxed at a flat rate of just CHF 1,000 a year. This taxation is independent of profit and turnover.
The founder of the company and also the shareholders remain completely anonymous. Likewise, it is not necessary for the company founder to reside in the Principality. However, the company's board of directors must be domestic and have regulatory approval from the Princely Government.
Outstanding features of the Principality
- Customs Union, EEA but not EU
- Swiss franc as currency
- Attractive data protection legislation
- Liberal regulatory law
Ein kleiner Einblick in die steuerlichen Unterschiede anhand Beispielzahlen zwischen einem Deutschen und einem Liechtensteiner Unternehmen.
|GmbH||Unternehmen in Liechtenstein|
|Gewinn||80.000 EUR||80.000 EUR|
|Körperschaftssteuer||12.660 EUR (15.825% inkl.Solidaritatszuschlag)||10.000 EUR („Flat-tax“12,5%)|
|Gewerbesteuer||12.180 EUR (Hebesatz Bundesdurchschnitt 2010 435%)||entfällt|
|Gewinn nach Steuern||55.160,- EUR||70.000,- EUR|
|STEUERBELASTUNG||24.840,- EUR||10.000,- EUR|
Firma gründen – So geht´s
Die Gründung einer Firma in Lichtenstein ist einfach und der Gründer muss nicht nach Lichtenstein reisen. Für die Gründung wird lediglich eine beglaubigte Ausweis- oder Passkopie und eine Stromrechnung benötigt. Je nach Wahl der Bank u.U. auch ein kurzer Lebenslauf oder eine Bankreferenz.