Liechtenstein AIF under the AIFMG: sourced answers
3 answers to specific questions — each with a verbatim quote from an official source and a link to it.
Every answer is checked against a verbatim quote from a stored copy of its source and has passed an independent review. This is reference information, not legal advice: rules change, and the outcome depends on your circumstances.
Legal form in a country
Which statute (act) establishes the legal form
AIF under the AIFMG
«Under the AIFM Act, the FMA authorizes alternative investment fund managers (AIFMs) and alternative investment funds (AIFs) managed by them. Risk managers, administrators, and distributors may also be licensed under the AIFM Act. The FMA has the statutory power to grant, amend or revoke licences. Law of 19 December 2012 concerning the Managers of Alternative Investment Funds (AIFMG) Ordinance of 22 March 2016 concerning the Managers of Alternative Investment Funds (AIFMV) Supervision Managers of alternative investment funds (AIFM), alternative investment funds (AIF) as well as the risk managers, administrators, and distributors are subject to on-going supervision by the FMA. The FMA enforces the law (AIFMA) and the ordinance (AIFMO) as well as all directly applicable European regulations. The FMA applies a risk based supervisory approach with individual supervisory examination programs for each supervised market participants and their financial products. …»
Source: fma-li.li · source copy as of 2026-10-03
Which authority supervises the structure (other than the registrar), if any
FMA
«Under the AIFM Act, the FMA authorizes alternative investment fund managers (AIFMs) and alternative investment funds (AIFs) managed by them. Risk managers, administrators, and distributors may also be licensed under the AIFM Act. The FMA has the statutory power to grant, amend or revoke licences. Law of 19 December 2012 concerning the Managers of Alternative Investment Funds (AIFMG) Ordinance of 22 March 2016 concerning the Managers of Alternative Investment Funds (AIFMV) Supervision Managers of alternative investment funds (AIFM), alternative investment funds (AIF) as well as the risk managers, administrators, and distributors are subject to on-going supervision by the FMA. The FMA enforces the law (AIFMA) and the ordinance (AIFMO) as well as all directly applicable European regulations. The FMA applies a risk based supervisory approach with individual supervisory examination programs for each supervised market participants and their financial products. …»
Source: fma-li.li · source copy as of 2026-10-03
How is the structure itself taxed: separate taxpayer, transparent, exempt or by election
Income from the managed assets of a Liechtenstein AIF is exempt
«income from the managed assets of undertakings for collective invest- ment in transferable securities pursuant to the UCITSG, of investment undertakings pursuant to the IUG, of alternative investment funds pursuant to the AIFMG, or similar undertakings for collective invest- ment established under the law of another state;66 h) income from the net assets of legal persons subject to the Pension Funds Act, insofar as these assets are exclusively and irrevocably allo- cated to occupational retirement provision. 2) The following shall not be counted as taxable net income for tax- payers with limited tax liability: a) domestic capital gains on real estate, insofar as such gains are subject to real estate capital gains tax in Liechtenstein; b) dividends from holdings in legal entities;67 c) distributions from foundations, establishments structured in a similar way to foundations and special asset endowments with legal personal- ity;68 d) capital gains from the sale or liquidation of holdings in legal entities and unrealised capital gains from such holdings;69 63 Art. 48 (1) e) amended by LGBl. 2018 no. 147. …»
Source: regierung.li · source copy as of 2026-10-03
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