Liechtenstein Foundation Set Up |
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Liechtenstein foundation set up (also known as a Liechtenstein Private Interest Foundation or Stiftung) is an excellent way to control assets. Healy Consultants can complete the Liechtenstein foundation set up process on your behalf within two weeks, without your need to visit Liechtenstein. The following information will help you determine whether Liechtenstein foundation set up will meet your personal or business objectives. |
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Advantages of Liechtenstein Foundation Set Up |
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| 1. | A Liechtenstein foundation can be controlled by the founder during his or her lifetime. |
| 2. | A Liechtenstein foundation is not legally responsible to tax, provided income is sourced outside Liechtenstein and that the beneficiary(ies) are not resident in Liechtenstein. |
| 3. | Unlike a trust settlor, a founder can reserve special rights during his or her lifetime, including the right to determine his or her foundation. |
| 4. | Non-commercial foundations do not need to submit audited accounts. |
| 5. | Liechtenstein is a respectable, stable jurisdiction and boasts excellent business infrastructure and communications. |
| 6. | Liechtenstein is a highly confidential jurisdiction. Courts will only disclose beneficial ownership details in criminal cases and then only when such activities are deemed criminal under Liechtenstein law. On the other hand, details of the foundation council (or 'directors') is publicly disclosed. |
Disadvantages of Liechtenstein Foundation Set Up |
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| 1. | Liechtenstein has no Double Taxation agreements, with the exception of an agreement with Austria. |
| 2. | Liechtenstein foundation set up can be an expensive process. |
| 3. | The minimum asset value of a Liechtenstein foundation is US$24,000. However, these assets do not necessarily have to pass to the foundation on set up. |
| 4. | Commercial activities are not generally permitted but a Liechtenstein foundation can own a commercially-driven Company. |
| 5. | Liechtenstein foundation set up requires a 'Foundation Council', usually made up of Liechtenstein lawyers and/or trust companies. The foundation council is the foundation equivalent of a company's directors. At least one member of the foundation council must be Liechtenstein-resident. |
Healy Consultants' Fees for Liechtenstein Foundation Set UpHealy Consultants' fees for Liechtenstein foundation set up start at US$18,000. Our fees for nominee foundation manager resident in Liechtenstein amount to US$9,950 (together with a refundable deposit of US$2,250) per annum. |
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| Contact Us | |
| For more information on Liechtenstein foundation set up, email email@healyconsultants.com or telephone us at (+65) 6735 0120. | |
| Back to Foundation Jurisdictions and Fees page. | |
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