Liechtenstein is a small European country located in the center of the continent. It is a landlocked country with only Switzerland to the west and Austria to the east as neighbors. Despite its small size, Liechtenstein provides several options for company owners to create profitable businesses, making the country appealing to entrepreneurs. The law governing commercial real estate in Liechtenstein is derived from the civil code as well as other legislative statutes. This category includes legislation such as the act on land registration, the act on contracts of sale and exchange, and the act on renting and leasing. These laws form the framework for the country’s legal system in terms of property ownership, transfer, and administration.
A step-by-step guide to launching a profitable commercial real estate company in Liechtenstein.
This article contains a step-by-step guide on how to establish the following corporation in Liechtenstein:
Investigate the industry.
Starting a commercial real estate company in Liechtenstein requires a thorough understanding of the market. This necessitates performing research into its local market to assess supply and demand, regular rental pricing, and the types of homes currently for sale in the area. You should also research the country’s rules on zoning, taxes, and any other legal procedures related to the selling of commercial real estate.
Choose a legal structure for your business.
The following stage is to decide on the organizational structure of your company. You can establish either a limited liability business or a sole proprietorship (LLC). A sole proprietorship is the simplest and least expensive business structure option, but it provides no legal protection for your assets. Forming and operating a limited liability corporation, on the other hand, will cost you more money, but it will protect your assets from legal liability.
Get funds
After you’ve settled on the organizational structure for your real estate company, the following step is to hunt for funding to get it up and running. You can receive funds from traditional lenders such as banks or credit unions, as well as other potential sources of funding such as private investors or crowdsourcing websites. If you want to persuade potential investors or lenders that your firm is a legitimate investment opportunity, you must have a solid business plan and realistic financial projections.
Please register your company.
Before you may start doing business in Liechtenstein, your company must be registered with the country’s Commercial Registry. You must submit the following information:
The company’s name and address
The nature of the business (sole proprietorship or LLC) The foundation documents (articles of association for LLCs). To lawfully conduct your business in the Principality of Liechtenstein, you must also get a business license from the office of economic affairs.
Increase the size of your network.
It is critical to establish a strong network to manage a successful business in Liechtenstein. Create connections with local investors, property owners, brokers, and agents. Attending industry events, joining neighborhood business groups, and participating in internet networking will allow you to create valuable connections and get deep knowledge about your local real estate market.
Locate your spot in the sun.
Finding a specialization in which you can flourish is critical if you want to stand out in the competitive real estate industry. Finding your area of expertise will allow you to focus your efforts and establish your knowledge in a certain part of the market. Commercial office buildings, industrial warehouses, or retail assets may be included.
Make people aware of your company.
Last but not least, you must market your company to attract new customers and expand your operations. You will need a website, a presence on social media, and advertising in local business publications to achieve this goal. To build favorable word-of-mouth referrals, you should also focus on offering outstanding customer service and connecting with customers. This will allow you to gain new consumers.
