1/12/2024 - Information letters
ATU Charity Foundation PCC was established in 2019 by Allgemeines Treuunternehmen (ATU) on the occa-sion of its 90th anniversary.
This structure constitutes an umbrella organization for the pursuit of charitable purposes. As such, it serves patrons who do not wish to set up their own foundation for their charitable giving, but prefer to join an already existing umbrella foundation by means of opening a cell.
12/6/2023 - Information letters
Liechtenstein is increasingly recognised as an excellent philanthropy location
According to a comparison of countries from 2022, Liechtenstein offers the best location worldwide for charitable foundations and philanthropic commitment. This is the result of the Global Philanthropy Environment Index of the University of Indiana in the USA: in a comparison of 91 countries, Liechtenstein takes first place, even before Norway, Switzerland, Germany, and the USA. Accordingly, the popularity of charitable foundations under Liechtenstein law is growing.
7/5/2023 - Information letters
Structuring Options with Foundations and Trusts
Whereas Liechtenstein was still an agrarian state when the customs treaty with Switzerland was concluded in 1923, today the small principality presents itself as one of the most prosperous economies in the world.
In addition to the steady development of its liberal and attractive company law, Liechtenstein has become a serious market player, especially in the fund sector.
5/23/2023 - Information letters
Hansjörg Wehrle, Member of the Board of Trustees of the Allgemeines Treuunternehmen (ATU), in an interview with IFC Review.
10/4/2022 - Information letters
When reporting on current developments in the Liechtenstein financial centre, the topic probably at the very top of the list is the impact that the war in Ukraine is having on the banking and trust business in Liechtenstein.
On this subject, suffice to say: The Liechtenstein government implements EU sanctions consistently. As many questions have arisen within the banking and trust sector in respect of application of the Regulation on measures related to the situation in Ukraine, the Financial Intelligence Unit (FIU) has published a list of FAQs and a factsheet on its website, to which reference is made (www.llv.li). Instead, the present report will be focusing on a more upbeat topic, namely Liechtenstein’s performance on the occasion of the fifth audit of Liechtenstein conducted by MONEYVAL. In a further section, new developments in Liechtenstein’s international tax law will be discussed
7/18/2022 - Information letters
From a legal point of view, Liechtenstein private-benefit foundations (Liechtenstein foundations) represent an interesting structure for the safe management of crypto assets with the help of a bank in Liechtenstein.
Liechtenstein is one of the few jurisdictions which have established a legal framework for the treatment of crypto assets (Token and Trustworthy Technology Service Provider Act of 03 October 2019, TVTG), thus creating legal certainty in this area. The requirement is that both the tokens (crypto wallets) and the tokenized assets are deposited in Liechtenstein.
7/14/2022 - Information letters
Roger Frick, member of the Board of Trustees and the Executive Board of Allgemeines Treuunternehmen (ATU), in an interview with IFC Review.
1/24/2022 - Information letters
On 1 January 2020, the Liechtenstein Notaries Act (Notariatsgesetz-NotarG) of 3 October 2019 came into force. Since then, it is therefore possible to practice the profession of a public notary in Liechtenstein as well.
The new law meets the needs of Liechtenstein as a rapidly changing business location and financial center brought about by increasing globalisation. Numerous legal transactions require notarizations or certifications to be internationally recognized. Prior to 2020, these actions had to be carried out by public notaries in neighboring countries such as Austria or Switzerland. As former Justice Minister Aurelia Frick emphasized, this new law has strengthened Liechtenstein's competitiveness in the area of legal and financial services.
10/12/2021 - Information letters
Both natural and legal persons may take up residence or domicile in Liechtenstein.
In this, one must differentiate between the quite liberal rules governing the transfer of a legal person’s domicile to Liechtenstein and the rather restrictive rules concerning the movement of natural persons.
6/21/2021 - Publications
Roger Frick, Member of the Board of Trustees and Executive Committee Member, Allgemeines Treuunternehmen (ATU), Liechtenstein in an interview with IFC Review
In a recent interview published in IFC Review, a leading global trade journal for asset management and international financial centres, Roger Frick talks about the strategic direction of the Liechtenstein financial centre and in particular addresses the strategies of the financial centre for the 2020 financial year, which is marked by Covid-19. Among other things, he informs about the establishment of a staff unit for financial centre innovation, which is dedicated to the expansion of FinTech and blockchain developments in the Liechtenstein financial center.