Due to its membership of the European Economic Area (EEA), Liechtenstein has in place an EU-compatible investment fund law. In addition to funds conforming to UCITS-III, management companies also benefit from simplified access to the European markets. The fast setting up of funds for qualified investors using a simplified process and short licensing procedure with a legally stipulated maximum procedure time for standard products – i.e. time to market – are decisive factors for fund promoters when selecting a fund jurisdiction.
Liechtenstein funds – tax exempt
The assets administered by Liechtenstein funds are exempt from tax, a fact that further enhances Liechtenstein's attractiveness. Within the scope of Swiss stamp duty law, Liechtenstein is regarded as being inland. Therefore, Liechtenstein funds represent investors exempt from stamp duty. Non-cash contributions in payment of subscribed units to Liechtenstein funds are also exempt from Swiss stamp duty.
Liechtenstein – a genuine alternative
The legal publication obligations can be fulfilled via electronic platforms. Set up costs can be written off and debited to the fund. Fund products are possible both in contractual form and as corporate bodies in SICAV form. The latter can be structured either as self-managed or externally managed SICAVs. Management companies' expertise in individual asset management and investment counselling, the EU-compatible prospectus design with simplified and full prospectus, as well as the Principality's close regional, business and cultural ties to Switzerland make Liechtenstein a genuine alternative as a fund jurisdiction.
10 reasons at a glance for Liechtenstein as a fund jurisdiction
