Liechtenstein was the first jurisdiction to introduce private foundations. The success of these has encouraged other countries to introduce them. Liechtenstein foundations, however, remain the classic form. The characteristics are fully explained in this article.
1. What is the source of the law on foundations (name and date of law and date it became effective if different) ? - combined with an overview of the latest legal developments in Liechtenstein
Liechtenstein company law is regulated entirely by a single act, namely the Liechtenstein Law on Persons and Companies (Personen und Gesellschaftsrecht, "PGR"), which became law on 20th January 1926 and has since been subject to amendments. It is supplemented by the provisions of the Liechtenstein Law on Trust Enterprises, dated 10th April 1928 ("TrUG"), which were integrated into the PGR. Regulations contain provisions on taxes, fees and public permits to be obtained for carrying out a commercial activity in Liechtenstein.
