| The legal basis for the Liechtenstein company form rests on the Liechtenstein Persons and Companies Law (PGR), LGBl. 1926/4, of 20.1.1926, and the law of trusts (TrUG), LGBl. 1928/6. At least one executive member of the company board of a Liechtenstein domicilary company with power of deputy must demonstrate personal and professional qualifications and have its office address in Liechtenstein. These companies may hold bank accounts in any currency worldwide. Given that a foreign state recognizes the company and permits the appropriate purchase of land, then such property abroad may be acquired. Liechtenstein companies are normally established in the form of foundations, "Anstalten" (Establishments) or stock corporations. The foundation is barred from commercial activity. Non-commercial activities include administration of personal wealth (cash and securities), the maintenance of property, shares and industrial property rights. |