A Two Step Process: Participating in the LDF

Establish a Connection

In order to take advantage of the Liechtenstein Disclosure Facility you need to have a relevant connection with Liechtenstein.

If you currently hold your undisclosed funds outside of Liechtenstein the easiest way to establish the connection is to open a bank or custody account with our private banks.

  • A multi-currency, including GBP, CHF, EUR and USD, current, fixed deposit and custody accounts – minimum cash balance GBP 50,000.
  • The usual GBP 1,000,000 minimum cash balance requirement waived.
  • Fast track execution.

Alternatively, if you do not want to open a new account, you could transfer title of an existing non Liechtenstein (e.g. Swiss bank account to our trust company) to hold either on bare trust or as nominee.

  • Hold existing non Liechtenstein bank or custody account – minimum cash balance GBP 50,000.
  • Usual GBP 1,000,000 minimum cash balance requirement waived.

If you already hold your account through a trust or foundation our trust company also provides a bespoke trust service:

  • Temporary appointment as co-trustee or board member of an existing non Liechtenstein trust or foundation structure – minimum cash balance GBP 50,000.
  • So far as is permitted by the relevant proper law, the existing service provider may continue to deal with the day-to-day management of the structure.

Preparing for the Application

Legal and Tax Advice

Although the Liechtenstein Disclosure Facility provides a quick and straightforward route to regularising your tax affairs you will almost certainly need a lawyer or accountant to help you make the application. If required, we can help you contact a suitable specialist.

Tax Compliance

In order to complete the Liechtenstein Disclosure Facility application you will need to determine taxable income and realised capital gains from April 1999. We offer a special Liechtenstein Disclosure Facility accounting and reporting package especially for this purpose. This includes:

  • Multiyear determination of income and realised capital gains.
  • A reporting format tailored to your requirements or those of the lawyer making the Liechtenstein Disclosure Facility application on your behalf.
  • Access to specialists with a thorough understanding of Swiss style private bank/investment manager statements and advices and an excellent understanding of UK tax-reporting requirements.