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Liechtenstein
Allgemeines Treuunternehmen
On 7 February 2012, Liechtenstein and the UK initialled a Double Taxation Agreement (DTA) in Vaduz and also extended operation of the sole disclosure programme currently in place, the Liechtenstein Disclosure Facility (LDF), by a further year up to 2016.
Allgemeines Treuunternehmen
The treaty between the Principality of Liechtenstein and the Federal Republic of Germany for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and fortune (DTT), including the minutes, was signed in Berlin on 17 November 2011.
Allgemeines Treuunternehmen
The recent developments and changes in the last two years in the Principality of Liechtenstein underline the attractiveness for international asset protection for international clients.
Wanger Law and Trust Company Ltd
On September 29th in Liechtenstein respectively on October 11th in London the long-expected Second Joint Declaration Concerning the Memorandum of Understanding Relating to Taxes between Liechtenstein and HMRC has been signed.
Wanger Law and Trust Company Ltd
Over the last 20 years foundation law has been developed mainly by court decisions. On April 1, 2009 however a new Liechtenstein foundation law has been implemented.
Allgemeines Treuunternehmen
"The LDF (Liechtenstein Disclosure Facility) is based on the MEMORANDUM OF UNDERSTANDING BETWEEN THE GOVERNMENT OF THE PRINCIPALITY OF LIECHTENSTEIN ("Government of Liechtenstein") AND HER MAJESTY’S REVENUE AND CUSTOMS ("HMRC") of the United Kingdom of Great Britain and Northern Ireland RELATING TO COOPERATION IN TAX MATTERS (in the following "MOU")."
Allgemeines Treuunternehmen
The Government of the Principality of Liechtenstein (Liechtenstein) and the Government of the United Kingdom of Great Britain and Northern Ireland (UK) have signed an Agreement on Tax Information Exchange (TIEA) on 11 August 2009.
Allgemeines Treuunternehmen
Contrary to Switzerland where the Swiss Financial Market Authority (FMA) transferred client data on the basis of “fishing expeditions” (John Doe-summons - UBS case), Liechtenstein has never done this without court order, and only on the basis of sufficient case-by-case specification.
Allgemeines Treuunternehmen
On 26 June 2008 the Liechtenstein Parliament passed the new foundation law. The new Foundation Act (hereafter referred to as the StiG), together with the amendments to the Law on Persons and Companies (PGR), was published on 26 August 2008 in the Liechtenstein Law Gazette No. 220/2008.
Allgemeines Treuunternehmen
The Liechtenstein government has released a good information sheet on the most important changes between the existing and the new foundation law becoming effective as at 1 April 2009.
Allgemeines Treuunternehmen
On 19 February 2008 the Report and Application by the Government concerning the total revision of the law on foundations was approved by the Government and adopted by the Parliament of the Principality of Liechtenstein.
Allgemeines Treuunternehmen
The trust in Liechtenstein law may be set up for an indefinite period. It can be used in the same way as a foundation, but permits more flexible arrangements as its purpose is not limited in any way, as is the case under foundation law (there may be certain restrictions as to the purpose trust).
Government of Liechtenstein
Liechtenstein is not only a financial center, as is often assumed by those lacking knowledge of the economic structure. Liechtenstein is also an extremely diversified industrial location with a strong small and medium-size business sector.
Government of Liechtenstein
The 5th Liechtenstein Dialogue in Vaduz focused on the topic "Perspectives on Private Wealth Management".
Government of Liechtenstein
Liechtenstein consistently implements EU directives into national law.
Government of Liechtenstein
The Liechtenstein financial center is experiencing a difficult business environment. On the one side, international turbulences on the financial markets are influencing events; on the other side, Liechtenstein is under pressure to adapt due to its liberal economic order and tax policy.
Government of Liechtenstein
Liechtenstein's National Day also serves the purpose of reflection on the present and consideration of the future. Not unexpectedly, the tax affair in Germany and its consequences for the Liechtenstein financial center were one of the focuses this year. Hereditary Prince Alois of Liechtenstein announced the willingness of the country to cooperate in tax matters.
Government of Liechtenstein
To enforce the economic sanctions against States imposed by the UN, Liechtenstein created a Law on Measures concerning Economic Transactions with Foreign States (Sanctions Act) shortly after joining the UN in 1991.
Government of Liechtenstein
The International Monetary Fund (IMF), which assessed the Financial Market Authority in 2007, has announced its positive findings. The IMF final report, published the end of June 2008, gives good marks to the Liechtenstein supervisory authorities.
Government of Liechtenstein
Liechtenstein has carried out a reform of its law governing Liechtenstein foundations.
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