LIECHTENSTEIN Law and Practice Contributed by: Hannes Arnold, Thomas Nigg, Christina Pointner, Sebastian Auer, Johannes Sander, René Saurer and Marta Baftiaj, Gasser Partner
Increasing Harmonisation The regulatory landscape will continue to evolve alongside European developments. Europe’s new Anti-Money Laundering Package, adopted in 2024, will bring harmonised AML rules directly applicable across all EEA member states, with full implementa - tion in Liechtenstein anticipated by mid-2027. The EU AI Act (Regulation (EU) 2024/1689) is also expected to be incorporated into EEA law, bringing requirements for governance and oversight of artificial intelligence in financial services. The implementation of Directive (EU) 2019/2121 (the “Mobility Directive”) is also underway, introducing a harmonised legal framework for cross-border con - versions, mergers and divisions of capital companies within the EEA. The amendments are expected to enter into force during 2026. This reform increases legal certainty and transparency for cross-border cor - porate restructuring, giving companies greater plan - ning reliability for transformation processes.
asset service providers have obtained MiCAR authorisations in Liechtenstein, underlining its relevance for the evolving European digital asset market. • A comprehensive reform of Liechtenstein’s finan - cial market legislation also came into force on 1 February 2025, including the new TPEA. This law creates the regulatory framework for the operation of stock exchanges and other trading venues in Liechtenstein, positioning the country as a modern and competitive financial centre. Corporate Law Modernisation and Digitalisation Liechtenstein has also undertaken significant corpo - rate law reforms. Recent amendments to the Persons and Companies Act (PGR) have created the possibility to incorporate certain companies digitally and to file electronic applications to the commercial register. The commercial register is being further modernised, with a project scheduled for completion in the second half of 2026 that will enable all entries to be submitted electronically, regardless of a company’s legal form. Hybrid and virtual meetings have also been legally established on a permanent basis, meaning all cor - porate meetings can now be held virtually.
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