What is Grundbuch (Land Register)?

Non-resident foreigners generally need a special government permit (Bewilligung) to purchase residential property in Liechtenstein. Permits are limited in number. EEA nationals who are legally resident in Liechtenstein have somewhat easier access. The process is complex and a Liechtenstein Rechtsanwalt should be consulted before any purchase attempt.

Liechtenstein property law is closely modelled on Swiss law, particularly the Swiss Civil Code provisions on real rights (Sachenrecht). The two countries share a customs union and currency (Swiss franc). Legal concepts, terminology, and general principles are largely the same, though specific procedural rules and fees differ. Swiss lawyers practising in Liechtenstein still need local qualification.

Liechtenstein has a property transfer tax (Handänderungssteuer) at the cantonal rate, a real estate gains tax (Grundstücksgewinnsteuer) on profits from sales, and Grundbuchamt registration fees. Stamp duty may also apply. Liechtenstein has no inheritance tax, making it attractive for estate planning. Consult a Liechtenstein tax adviser for current rates applicable to your transaction.