[ESTABLISHING A BUSINESS ENTITY IN LIECHTENSTEIN]
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Subject to fulfilment of the necessary conditions, entities not engaging in economic activities can apply to the tax authorities for recognition as a Private Wealth Structure (PWS). A PWS is subject to a flat annual tax of CHF 1,800.00 and is exempt from ordinary corporate income taxation. VAT is charged at a rate of 7.7%. There are no thin capitalization rules in Liechtenstein. This Memorandum is for information purposes only and reflects Liechtenstein law in September 2024. legal advice and cannot replace personal consultation on a case-by- case basis. If you have any further questions about establishing a business in Liechtenstein or need general legal advice, please contact Egon Hug (e.hug@advokatur.li) or Martin Zech (m.zech@advokatur.li). This Memorandum does not constitute Müller & Partner Attorneys at Law was founded in 1998 under the leadership of Dr. Wolfgang Müller and has developed into one of the most prestigious law firms in the Principality of Liechtenstein. The firm specializes in litigation matters and represents clients before the Courts and other authorities in Civil, Criminal and Public Law. In this context Müller & Partner Attorneys advise and represent foreign and domestic private clients as well as corporations and, in relation to the latter, well- known insurance companies, banks, investment advisors, trust companies and investment companies. The firm also advises in all legal areas, including corporate structuring and taxation. Müller & Partner Attorneys also have long standing relationships with licenced Trustees and Asset Managers who can provide any necessary fiduciary, accounting, audit, taxation, and asset management services needed to facilitate the establishment and maintenance of a new business entity. In particular the firm cooperates closely with its partner firm Juricon Trust Company Establishment which is based in the same office building as Müller & Partner. Juricon is a well-known fully licenced fiduciary which is registered with the Liechtenstein Financial Regulator. Based on the legal advice received from Müller & Partner, Juricon can provide support for the swift establishment of a new structure.
ILN Corporate Group – Establishing a Business Entity Series
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