The Reformed Liechtenstein Private Limited Company (GmbH)
On 1 January 2017, the Liechtenstein reform of the private limited company (Gesellschaft mit beschränkter Haftung; "GmbH") entered into force. While being highly popular in many other European countries, the GmbH in the past led a merely marginal existence in Liechtenstein. The Liechtenstein Government and Legislator decided to change this by substantially enhancing the legal framework for GmbHs in a reform that does not only target SMEs but also start-up ventures and young entrepreneurs. The key features include:
Existing GmbH's have a grace period of two years (i.e. until 31 December 2018) to bring their set-up into line with the new law. In a nutshell, Liechtenstein overhauled its former GmbH-rules in a reform that sets the basis to make the GmbH fit for the future.
For further questions, please contact:
Alexander Appel, Walch & Schurti Attorneys-at-Law Ltd.
Mail to:[email protected]; T: 00423 237 20 00
Disclaimer: the above is a summary aimed at giving an initial and basic understanding. It does not constitute specific legal advice. It does neither deal with specific detailed situations nor exceptions to general principles. The legal position may change. No liability is accepted in respect of the contents or of any consequences arising from reliance thereon.
WSG Member: Please login to add your comment.