Businessmen have the option of setting up an establishment or Anstalt in Liechtenstein. This type of corporate structure is unique and has no counterpart in other jurisdictions. Investors who open a company in Liechtenstein as an establishment engage in commercial and non-commercial transactions on a permanent basis. They must also register the establishment at the Commercial Registry. Upon registration, the establishment acquires a legal personality distinct and separate from that of its creators. The minimum capital requirement to set up an establishment in Liechtenstein is 30,000 Swiss Francs and can be in cash or in kind.
A formation deed and the articles of association are needed in order to create an Anstalt in Liechtenstein. A formation deed is a resolution adopted by the founders for the creation of the establishment, while the articles of association are the company’s constitution. Both documents must be submitted to the Commercial Registry. For company incorporation in Liechtenstein of an Anstalt, a business name must be chosen for registration. Any name can be used for the business. If the company decides to adopt any national or international name, it must first secure a special permission to do so.
The owner of the founder’s rights of an Anstalt in Liechtenstein is the supreme authority of the company. This can be determined in the articles of incorporation. The owner exercises his/her authority through the issuance of resolutions. If there is more than one owner, resolutions must be unanimously agreed upon by them during a meeting called for that purpose.
If you open a company in Liechtenstein as an establishment, a board of directors has to be created. They serve as the administrative body of your company and the owners of the founder’s rights are the ones who appoint them. The board of directors may be composed of natural or juridical persons that act on the corporation’s behalf and perform all duties not specifically granted only to the owners by the articles of association.
Anstalts in Liechtenstein can engage in both commercial and non-commercial activities. Here are some businesses that you can engage in, if you set up an establishment in Liechtenstein:
- trade of goods,
- acquisition of investments,
- administration of real estate,
- patent commercialization,
- management of assets.
Just visit our specialists in company formation in Liechtenstein and find out how to create an establishment. They are very familiar with the process.