Starting a New Business

It's finally here, the sparkling business idea. There are a few things to consider when setting up a company. Depending on the design of the business model, different authorisations may be required. The legal provisions, as well as the orders of the Financial Market Authority Liechtenstein (FMA) as the supervisory authority, are decisive.

When setting up a company in Liechtenstein, you will find capable partners at the Office of Economic Affairs, the Office for Financial Centre Innovation and the Financial Market Authority. This graphic shows you which partner best suits your needs.

	Trade	TT Service Provider	Financial Service ProviderBank, investment firm, asset manager, fund, insurance company, pension fund, etc.
General enquiries, Preliminary clarifications	AVW Entrepreneur Service	SFI Entrepreneur Service	SFI Entrepreneur Service
Delimination Financial service, TT-Service	FMA Regulatory Laboratory	FMA Regulatory Laboratory	FMA Regulatory Laboratory
Registration, License	AVW Entrepreneur Service	FMA Supervisory areas	FMA Supervisory areas
AVW Office of Economic Affairs SFI Office for Financial Makret Innovation FMA Financial Market Authority

If you want to act as a token issuer, token producer, TT key depository, TT token depository, or physical validator, the chart below gives you an overview of the capital requirements, obligations, and costs.

	Token Generator	Token Issuer	TT Key Depositary	TT Token Depositary	TT Protector	Physical Validator
Registration Duty
Requirements
PersonalReliability and technical suitability
Organizational Suitable organizational structure and appropriate written internal proceedings and control mechanism
Minimum Capitalin CHF		Token ≤ 5Mio = 50'000.– Token >5Mio = 100'000.– Issuance >25Mio = 250'000.–	100'000.–	100'000.–		Varies depending on value of the property being guaranteed (max. 250'000.–)
Special internal control mechanisms
Trustee licence
Supervisory Fees
Fixed basic levy in CHF	-	Professional Token Issuer: 500.- Issue Token in own name: free of charge	500.–	500.–	500.–	500.–
Variable additional levy in CHF	250.–	Professional Token Issuer: 0.25% of the gross turnover Issue Token in own name: 0.1% of equivalent value of money recieved during issuance	0.25% gross revenue received from services provided	0.25% of equivalent gross revenue received from services provided	50.– per due diligence relevant business relationship	0.25% gross revenue received from services provided
Maximum Feein CHF		100'000.–	100'000.–	100'000.–	100'000.–	100'000.–
Due Diligence Act
Act applicable