Originally published on 24 July 1999

COMPANY LIMITED BY SHARES (PGR 261FF.)

The Liechtenstein company limited by shares is similiar to the joint-stock companies found in other legal systems. The minimal capital which must be fully paid in, is CHF. 50.000,--. The members of the board of directors must be entered in the public register. The company limited by shares is obliged to keep books and file audited financial statements.

THE ESTABLISHMENT (PGR 534FF.)

The establishment is an independent legal person which can pursue commercial or other objects and which must be entered in the public register. The identity of the owners of the establishment can be kept absolutely confidential. The establishment must have a minimal capital of CHF. 30.000,-- which is generally not divided into shares. In the case of an establishment which trades, audited financial statements must be filed annually.

THE TRUST ENTERPRISE (THE BUSINESS TRUST PGR 932A)

The above requirements concerning the establishment are also applicable for the business trust. The trustor may designate one or more beneficiaries who are entitled to the benefits of a business trust.

FOUNDATION

It is possible to form a foundation in such a manner so as to permit the identity of the de facto founder and of the beneficiaries to remain anonymous. Such foundations are particularly qualified for asset management. By means of the implementation of a by-law, which can be changed or varied at any time, the founder can make provision for the orderly devolution of his worldly goods.

Please contact Arcomm Trust Company directly for an update on the subject matter.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.