Liechtenstein is known for its flexible and tolerant legislation which provides support of all kinds to foreign companies. At the same time, in-depth study of those regulations is indispensable for successful business.
The owner of the company has to look into the following issues regarding the country's legislation:
- The state supports various investments in the country's economics. However, it controls property purchasing and contribution of foreign capital to the banking system.
- The whole taxation system was formed in the previous century. It establishes zero tax rates for companies registered in Liechtenstein, as well as for companies deriving income outside Liechtenstein.
- Not only local companies, but also those registered in Liechtenstein can count on low tax rates.
Every lawyer is aware of the fact that in Liechtenstein a company can only be founded by a person residing in the country for more than 10 years. However, foreign citizens can register businesses as holding companies, which is a more complicated procedure requiring professional lawyers' help.
It is important that in Liechtenstein business starters do not need to obtain a licence. (Financial companies are the only exception.)
Taking into consideration the above-listed issues, to register a company and to do business in Liechtenstein, the company owner needs the following specialists:
- a lawyer;
- a solicitor;
- a tax adviser;
- an auditor.