Establishment

I. LIECHTENSTEIN COMPANIES

ESTABLISHMENT

The establishment is a unique Liechtenstein vehicle. It may be structured in the manner of a corporation similar to the stock company or with non-commercial purpose similar to the foundation.

The company is suitable in particular for international commercial and financial transactions and as holding for subsidiaries and properties or the holding and administration of investments within the framework of the applicable statutory regulations.

Registration:	Public Register of Liechtenstein
Minimum capital:	CHF 30’000.—
Scope of business	Commercial or non-commercial activities
Organisation:	a) the founder or his legal successor
	b) Board of Directors
	c) Auditor mandatory for commercial scope
Accounting:	Mandatory for commercial scope
Declaration:	Schedule of assets for non-commercial entities
Ownership:	Founder or his legal successor
Ownership certificate:	Deed of assignment
Beneficiaries:	According to the by-law
Anonimity of Founder:	Founder is not registered
Taxes:	0,1 % on the net equity, at least CHF 1’000.—p.a.
VAT:	7,6 % (2004) if applicable