In contrast to the situation under other legal systems, the Liechtenstein establishment is not an institution under public law. Instead, it is a legal entity under private law with independent legal personality. The establishment recognises only beneficiaries which benefit economically from it and which are named in bylaws. There are no members, partners or shareholders, and the capital is not normally divided into shares.
The minimum capital of the establishment is CHF 30,000.00. Only the assets of the establishment are liable for its debts. The liability of the members of the company is excluded.
The establishment may engage in commercial transactions of all kinds, it may administer its own assets, or may pursue any other objective permitted by law.