Trade Register in Liechtenstein
Trade Register in LiechtensteinUpdated on Monday 06th July 2020
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The Trade Register in Liechtenstein is a public register that keeps the record of the tradespeople and legal entities functioning in this country. This office has as the main objective to connect the local companies with the business environment. The main authority supervising the Trade Register is the Office of Justice of the Liechtenstein National Administration.
Our team of lawyers in Liechtenstein, specialized in company formation procedures, can help all interested investors during the course of the process needed to include a new company in the Trade Register. It is recommendable to seek external aid especially when you are not accustomed to the requirements set forth by this institution and/or when the language is a barrier.
Our law firm in Liechtenstein can be a reliable source of legal help in the registration of your company in this country.
The functions of the Trade Register in Liechtenstein
The list below highlights the four main functions of the Liechtenstein Trade Register:
- Company database: the primary function of the Register is to keep a record of the company’s existing in Liechtenstein;
- Company update: it is also the authority to handle any changes that may occur to during the functioning of a company;
- Company name database: the Register also records company names and once recorded here, the respective name may not be used by another legal entity;
- Issuing extracts: another function of the register is to issue extracts that specify company details in legalized or non-legalized forms.
One of the main functions of the Trade Register is to keep track of the important information of the companies registered in Liechtenstein, such as:
- the legal name under which an enterprise has been opened;
- the address of the registered office;
- information regarding the representative board of the company (managing director, the board of directors, holders of proxy);
- the amount subscribed as the share capital, if any.
Another main function of the Trade Register is to publish, examine and control the information submitted by the companies. In order to guarantee the correctness and validity of the data, the procedure is conducted by a law caretaker such as a judge or an authorized employer.
Apart from handling information about registered companies, the Commercial Register or the Trade Register is the one that can offer company name clarifications. Investors interested in using a specific business name are expected to perform a name check with the Register. Alternatively, one of our lawyers in Liechtenstein can help investors submit the necessary request.
All amendments to the company details, as they were originally recorded on the Commercial Register are submitted to the same institution for the performance of the needed modifications and additions. It is the role of the Register to receive company address changes, company management changes as well as changes in the personal details of the company’s managing directors. When new members are appointed or dismissed, this action is also notified to the register.
The Register can be publicly accessed and any interested individuals can submit an inquiry to receive information about a company of interest. The information available to the general public is only partial and a complete report about the status of a company and its details can be ordered for a fee. In order to search for a company, information such as the name, registration number and legal form need to be filled in in the appropriate fields for the online submission.
Our lawyers in Liechtenstein are ready to offer you all needed support regarding the Trade Register in this country.
Company registration in Liechtenstein
If you intend to register a company in the Liechtenstein Public Register you need to gather several documents and to make a special application. The inclusion of a company in the Registry can only be made is the said application is duly submitted and one of our lawyers in Liechtenstein can help you fill in and accompany the application with the needed documents. when the company is first taken into evidence, the individual submitting the registration must also present a legalized signature specimen. When the application is not accompanied by supporting documentation, then the application letter will include all of the needed information.
For the submission of the main business types of Liechtenstein, you will be asked to provide information concerning the company such as:
- copies of the articles of association signed at the formation of your company;
- the name and the address of the company;
- the main area of activity of the company;
- the subscribed share capital deposited;
- details regarding the management structure of your company.
The requested documents are to be submitted in original or as a legalized copy and the legalization can be performed when the submission is made, within the Office of Justice. In some cases, for example in case of branches in Liechtenstein, the specimen signatures for the company directors as well as other documents will be in a foreign language. It is a requirement that that are translated as needed. Translations are also needed when other documents are submitted to the Trade Register, such as articles, public deeds, non-cash contributions, capital increase reports, last wills for the directors. For these, the submission will include both the document in the foreign language and the German translation.
When changes to the company details are made and registered with the Trade Register, they must be submitted as resolutions and must be signed by all company members. When newly appointed members are entered into the Register, the supporting documentation must include a written transcript of the minutes of the meeting during which the appointment was decided.
The Commercial Register in Liechtenstein fulfills several functions, with the primary one of recording and keeping an updated database of all of the companies registered in the Principality. Its secondary functions, those relating to company name inquiries and databases as well as the public searches are also of interest for individuals who need to know more about existing companies.
More information on the Trade Register is presented by our lawyers in this video:
The elaboration of the articles of association requires the specialized help of a law firm in Liechtenstein. Feel free to contact us when you intend to register, liquidate or change the structure of a company so that our Liechtenstein lawyers can help you update your entry in the Trade Register in Liechtenstein.