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The foundation qualifying as private asset structure pays an annual tax of CHF 1’800 only.
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Neither the endowment to the foundation nor the distributions to the beneficiaries or the profits earned are subject to any further tax.
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The supreme authority is vested in the members of board who also take care of the administration. |
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The founder may designate other bodies as e.g. protectors, collators and auditors. |
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An individual as founder may by creating retained founder’s rights preserve for himself the authority to revoke the foundation and to amend the foundation documents. |
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Only if the foundation pursues commercial activities the annual accounts approved by the auditor must be submitted to the Liechtenstein tax administration.
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The minimum capital to constitute a foundation is CHF 30’000. |
