Foundation supervision (Liechtenstein)

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The foundation supervision is in the Principality of Liechtenstein since 1 February 2013 by the Office of Justice perceived as a foundation supervisory authority (STIFA).

All charitable foundations are subject to the Liechtenstein foundation supervisory authority. Private-benefit foundations only if they have submitted to the Liechtenstein foundation supervisory authority in the foundation deed. At the end of 2016, 1,323 non-profit foundations, four non-profit institutions and 19 private-benefit foundations were subject to this supervision (of around 15,000, see also: Liechtenstein Foundation ).

Duties of the foundation supervisory authority

The foundation supervisory authority decides on the need for supervisory measures on the basis of the auditors' reports . Auditors are to be appointed by all registered foundations.

The primary goal of foundation supervision is the protection of the foundation's assets.

The foundation supervisory authority must apply to the judge ( Princely Court of Justice ) to order specific measures within the framework of foundation supervision in non-dispute proceedings .

The duties of the foundation supervisory authority in Liechtenstein (2017) are carried out by a full-time department head (100%), a deputy department head (50%) and a legal employee (50%).

Legal basis of the foundation supervisory authority

  • Law of June 26th, 2008 amending personal and company law (PGR),
  • Foundation Law Ordinance (StRV) of March 24, 2009,
  • Law of September 17, 2009 on the extension of transition periods.

Materials on the 2008 amendment to foundation law

  • Government consultation report from March 2007,
  • Government report and application regarding the total revision of foundation law (report and application No. 13/2008),
  • State Parliament minutes for the 1st reading of the draft,
  • Opinion on the issues raised in the 1st reading (report and proposal No. 85/2008),
  • Landtag minutes for the 2nd reading of the draft,
  • Government report and application regarding the extension of the transition periods (report and application No. 65/2009).

Company index

In the company index of the Liechtenstein commercial register , registered companies and foundations can view partial excerpts of the data entered in the commercial register and other legal facts free of charge and a certified full extract from the commercial register for a specific company can be ordered for a fee.

Contact

Office of Justice (AJU), Äulestrasse 70, Postfach 684, 9490 Vaduz,

See also

Web links

Sources and References

  1. ↑ The land and public register office was previously responsible from April 1, 2009 (amendment of the foundation law by LGBl. 220/2008) until January 31, 2013. This has now been transferred to the Office of Justice .
  2. ↑ In principle, the founder can freely choose the purpose of the foundation. The founder is free to set up a foundation for charitable or private purposes and to set up the foundation, for example, to provide for his family members. Charitable foundations must be entered in the commercial register.
  3. ↑ The founder can restrict or exclude the control and supervisory rights of foundation beneficiaries by appointing an internal control body, e.g. B. sets up an auditor or voluntarily subordinates the foundation to the foundation supervisory authority.
  4. ↑ Government Accountability Report 2016 , p. 260.
  5. ↑ Government Accountability Report 2016 , p. 260.
  6. ↑ LGBl. 220/2008. Comes into force on April 1, 2009.
  7. ↑ LGBl. 114/2009.
  8. ↑ LGBl. 247/2009.