Liechtenstein: Attractive Investment Funds Centre
Legal framework: Investment Companies Act of May 19, 2005
The Investment Companies Act (ICA) of May 19, 2005 gives the Principality of Liechtenstein one of the most modern and liberal laws relating to funds in Europe. The ICA provides for innovative and tailor-made fund solutions.
Quick licensing procedure with legally binding deadlines
Efficient structures of the Financial Market Authority (FMA) make sure that applications are processed rapidly. Liechtenstein is the only country in Europe which offers legally binding deadlines (between six weeks and four months) for the approval procedure. Therefore the fund promoter is able to plan more accurately the time involved and the costs.
Single-licence principle makes marketing in Europe easier
The investment regulations of the investment company for securities are very comprehensive for reasons of diversification and investor protection. They also meet the European standard. As a result, this type of investment company is recognised throughout the EU/EEA (single-licence principle). There is only a requirement to notify, not to obtain a licence.
First-class services for investment fund formation
Drawing on experience in the areas of fund formation, fund administration and asset management, Banque Pasche (Liechtenstein) SA strives to provide its clients with quality services tailor-made to their unique situations. Whether one requires assistance with fund design, development and incorporation, administrative services or asset management, Banque Pasche (Liechtenstein) SA and their partners are an invaluable resource in creating the optimal solution.
Protection of secrecy and high investor protection
The obligation to preserve confidentiality which is incumbent on the executive organs and employees of, and all persons acting for, the investment company (custodian bank and management) and the auditors, as well as representatives of the authorities, as regards all information relating to customers is expressly specified by law. Investor protection plays an important role in the Investment Companies Act. The key elements are the strict licensing criteria, the rules governing business activities and risk diversification, the obligation to issue a set of investment guidelines, the requirement for external auditors and several obligations to notify the Financial Market Authority.