The Establishment
This legal form, of purely Liechtenstein coinage, is extremely versatile. The scope for determining the organisation is very wide. Depending upon the structure, it may provide an instrument for commercial objects or for the administration of assets.
The minimum capital must be CHF 30'000.00. In the case of the normally encountered structure the governing rights are due to the supreme authority (founder). As a rule, the said right is transferred by means of an instrument of assignment (that is documentary evidence concerning ownership). The property rights may also be assigned to persons other than the bearer(s) of founderšs rights.
The administration is undertaken by the board of directors in the case of the establishment. In so far as commercial activities are undertaken or the articles make provision for such activities, an audit authority must be appointed as a third governing body.
The above written is also effective for the trust enterprise (trust reg.).
The Company Limited by Shares
The company limited by shares is suitable for all economic objects, in particular for active international commercial transactions, as a holding organisation for subsidiary companies, etc. The minimum capital must be CHF 50'000.00. Bearer or registered shares are admissible; the minimum nominal value is not stipulated.
The general meeting is the supreme authority. The board of directors conducts and manages the company business. It is the duty of the audit authority to examine the annual account and report to the general meeting.
The Foundation
The foundation consists of a fund dedicated to a given purpose with its own legal personality. It may be formed as a pure family foundation (for the defrayal of expenses for upbringing and education, outfitting and equipping, etc.), as a non-profit making foundation (support and promotion, e.g. of a charitable, artistic, scientific, social nature). The foundation is not suitable for the pursuit of purely commercial objects. Commercial activities may only be undertaken when such activity serves to achieve the foundationšs non-commercial purpose or the type and scope of the participations held require the facilities provided by a commercial undertaking.
The minimum capital (foundation fund) must be CHF 30'000.00. The supreme authority is the foundation board, which conducts the foundationšs business within the intent of the articles, by-laws and regulations. The founder may designate other bodies as, for example, the audit authority, to investigate the activities of the foundation board or limit these activities by means of the rights of protectors, curators or collators to instruct, check or veto.
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