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Create a Joint Venture in Liechtenstein

Updated on Thursday 22nd March 2018

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The Liechtenstein Company Law provides for various types of companies, foreign investors can set up here. Foreign companies are also allowed to register branch offices, subsidiaries, representative offices or to enter into partnerships with local companies in Liechtenstein. One of the most successful models of partnership is the joint venture.

If you want to open a company in Liechtenstein and need assistance, our company formation agents can help you.

The venture cooperative in Liechtenstein

The Commercial Code is the main law covering the establishment of joint ventures in Liechtenstein, which are usually referred to as venture cooperatives. Article 483 in the Company Law provides for the requirements of creating a joint venture in Liechtenstein.

It is quite easy to set up venture cooperative in Liechtenstein as the Government offers templates for the incorporation documents, as well as for other documents, such as contracts these types of entities can enter into. Registering a Liechtenstein joint venture is also subject to various fees. 

Our company registration consultants in Liechtenstein can offer more information on the fees related to creating a joint venture in the Principality.

You can also watch our video on the creation of a joint venture in Liechtenstein:

Types of joint ventures in Liechtenstein

Foreign enterprisers or companies interested in creating joint ventures in Liechtenstein, can choose one of the following types of such undertakings:

  • - contractual joint ventures;
  • - partnership joint ventures;
  • - corporate joint ventures.

It should be noted that under the local legislation Liechtenstein foundations, associations and even partnerships can be considered joint ventures.

Our local agents can explain the features of joint ventures registered in Liechtenstein.

The contractual joint venture in Liechtenstein

The contractual joint venture is the simplest form of this type of entity and it relies on the Contract Law in Liechtenstein. They are usually used for short-term projects carried out by foreign companies with local companies and imply a contract between the parties entering the joint venture.

Partnership joint ventures in Liechtenstein

The joint venture formed under the form of a partnership has several advantages. One of the most important ones is related to the fact that is can be concluded between a natural person and a company in Liechtenstein. Also, this type of joint venture can take all forms of a partnership but can also be concluded as a silent or unregistered partnership.

The corporate joint venture in Liechtenstein

The Liechtenstein corporate joint venture is the most employed type of form of this undertaking because it allows any local company to enter an agreement with one or more companies. The corporate joint venture can take the form of a joint stock company, an establishment, as association limited by shares or limited liability company.

Documents related to the setup of a joint venture in Liechtenstein

The following documents are required for creating a joint venture in Liechtenstein:

  • -          a founders’ resolution, which is the equivalent of the Articles of association for any other type of company;
  • -          the statutes of the venture cooperative;
  • -          the formation document, or the contract;
  • -          the unit register which contains information on the contribution of each party in the joint venture.

Other specific documents will also be required when setting up this type of business form in Liechtenstein. These documents will be related to the industry or project the venture cooperative will operate in.

Registering the Liechtenstein venture cooperative

The first step to create a venture cooperative in Liechtenstein is to procure the foundation documents, which must be ordered. The founders must also provide a description of the project they will be working on. The joint venture must also have a registered address in Liechtenstein, a management board and auditors. The documents related to the establishment of the joint venture must be signed before a public notary, however the founders may also register it with the Trade Register in Liechtenstein.

For assistance in opening a joint venture in the Principality, please contact our company formation consultants in Liechtenstein.

 

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