The Liechtenstein Foundation – an Instrument for International Asset Management, Asset Protection and Wealth Succession Planning
Legal, tax and international aspects
A strategy paper by LCG TREUHAND AG Liechtenstein on Liechtenstein as a foundation location
for founders, beneficiaries and advisors
Table of contents
- A Legal basis of the Liechtenstein private-benefit foundation
- A1 Liechtenstein Foundation Legal definition
- A2 International recognition
- A3 Advantages of Liechtenstein as a foundation location
- A4 Establishment of the private-benefit Liechtenstein Foundation
- Establishment of a foundation
- Fiduciary establishment of foundations
- Founding announcement
- Formation of legal personality | Commercial register
- Statute Foundation deed
- By-law
- Regulations | Internal directives
- Formation costs
- A5 Foundation revocation I Foundation amendment I Mandate agreement
- A6 Foundation administration of the private-benefit Liechtenstein Foundation
- A7 Administrative control of the Liechtenstein private-benefit foundation
- A8 Liability and responsibility of the foundation bodies
- A9 Beneficiaries of the Liechtenstein Private Benefit Foundation
- A 10 Foundation dissolution | liquidation | deletion | transfer of registered office abroad
- B Tax Law Fundamentals of the Liechtenstein Private Benefit Foundation
- B1 Taxes and duties on the establishment of the foundation
- B2 Current income taxation Standard taxation and tax exemption at foundation level
- B3 PVS private asset structure
- Requirements for the classification of the private-benefit foundation as a private asset structure PVS
- Prohibition of economic activity
- Taxation of PVS
- B4 Other tax provisions Taxation of the dissolution of the foundation
- C Asset Protection by the Liechtenstein foundation
- C1 Asset protection Basic variants by means of FL foundation
- C2 Liability of the Liechtenstein foundation vis-à-vis corporate and private creditors
- C3 Liability of the Liechtenstein Foundation vis-à-vis beneficiaries of compulsory portions
- C4 Liability of the Liechtenstein foundation towards spouses
- D International asset planning by means of FL foundation with founder/beneficiary and assets in Germany
- D1 Economic burden on a founder resident in Germany in the event of a transfer of assets to a private-benefit foundation in Liechtenstein
- German income tax
- German inheritance and gift tax
- Tax exemption regulations for business assets benefiting from tax relief
- Withdrawal taxation (external taxation of hidden reserves)
- Interest payments on donor loans
- Income tax addition of foundation income for the founder in Germany
- D2 Taxation of donations from the private-benefit Liechtenstein foundation to beneficiaries resident in Germany (beneficiaries)
- German income tax
- German gift tax
- Disbursement of assets in the event of dissolution of the foundation
- D3 Economic burden of a Liechtenstein foundation with assets in Germany
- E Fiduciary Liechtenstein Service: Checklist of international design variants