Liechtenstein Asset Management License

Asset management companies in Liechtenstein are governed solely by the legal provisions and the orders of the Financial Market Authority (FMA) Liechtenstein, which is the supervisory authority. Key Features Under the Asset Management Act (AMA), the FMA authorizes asset management companies. The FMA has the statutory power to grant, amend or revoke licences. Asset management companies under the AMA are investment firms entitled to provide the following services for individual clients as well as collective investment schemes:

1. portfolio management
2. investment advice
3. reception and transmission of orders
4. execution of orders on behalf of the client
5. financial analysis for securities

Legal Requirements

Requirements	Description
General
Corporate  vehicle permitted	Company, Limited partnership
Local physical office required	Yes
Share capital or equivalent
Minimum paid up capital	CHF 100,000 CHF 150,000 (if also providing reinsurance)
Directors
Minimum number	2 (minimum two managing directors)
Corporate directorship allowed	Yes
Local director required	No
Shareholders
Minimum number	1
Corporate shareholders allowed	Yes
Local  shareholders required	No
Service Providers Required
Company Secretary	Yes
Auditor	Yes

Tax Treatment

• Resident legal entities, which are legal entities established in Liechtenstein or whose place of effective management is in Liechtenstein, are generally subject to tax on their worldwide income.
• Non-resident legal entities are generally subject to tax on their Liechtenstein source income.
• The standard corporate income tax rate is 12.5%. A minimum tax of CHF 1,200 generally applies.

Duration to Set Up About 3 months Distinctive Benefits of Licence

• Ease and speed of establishment
• Friendly regulatory environment

The Valsen Advantage

• End to end comprehensive service
• Speedy and efficient service
• Expert advice on structuring options
• Dedicated ongoing compliance support
• Extensive network pool of service providers