Our counselling
also takes account of the possibilities provided by the Liechtenstein persons and
companies (PGR) act.
In 1926 Liechtenstein passed a new law concerning persons and companies and with this took
account not only of the requirements of the domestic economy but also included in the law
company forms which are suitable for the establishment of holding structures or for the
administration of assets.
As a result of its close cooperation with
Sercor Trust Establishment, SerMont Asset Management SA is in
a position to advise its clients not only on the administration of assets, but also
concerning the establishment of enterprise structures which lead to the long-term
safeguarding of assets. Of primary interest for private clients in this regard are the
foundation and the trust according to the Anglo-Saxon model.
is a juridical person with its own governing bodies. Its
purpose is to support certain persons or institutions by means of its donated assets.
is established when assets are transferred to a trustee on
condition that the trustee administers these assets in accordance with the intentions of
the settlor and provides support for certain persons or institutions.
The foundation and the trust are outstandingly suitable not
only for the long-term safeguarding or assets, but also for the regulation of the
inheritance. The assets donated to the foundation or the trust are separated from the
personal assets of the founder or the settlor. It is nevertheless possible for these to
designate themselves as beneficiaries during their lifetime and to determine clearly how
their assets shall be applied after their death.
Within the framework of the administration of the donated
assets, the foundation and the trust may at any time acquire participations and exercise
holding functions. The identity of the founder and the beneficiaries remains anonymous
because in Liechtenstein, in contrast to Switzerland, disclosure of the identity of the
founder and of the persons and the institutions entitled to a beneficial interest in the
foundation is not required. In Liechtenstein the foundation assets are not subject to
inheritance tax. Payments to beneficiaries are tax-free when the beneficiaries reside
outside the Principality of Liechtenstein. This advantage also applies to the distribution
of assets in the event of a possible dissolution of the foundation.
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