The Liechtenstein Foundation Art. 552 § 1 - 41 PGR

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The foundations in Liechtenstein significantly contribute to its economic success, with around 40,000 foundations currently established, including 1,500 registered and 600 Public-Purpose foundations. Local judges, solicitors, and trustees possess extensive expertise in Foundation Law, ensuring legal certainty. This law has influenced jurisdictions like Panama and Austria. Liechtenstein's liberal Foundation Law encompasses various types, such as Public-Purpose, Religious, Pure Family, Joint, Corporate, and Staff Welfare foundations. Founders typically aim to dedicate their assets for specific private or public purposes, which may include managing family property or supporting socially disadvantaged individuals. Additionally, new legislation addressing money laundering and terrorism applies to foundations, enforcing strict rules monitored by authorities. The "know your customer" provision ensures that foundations cannot be misused for illegal activities. Overall, foundations serve as a means to protect assets and manage taxes effectively, allowing for structured and predictable asset management while mitigating negative external influences.