Foreign Ownership: Liechtenstein Regulations

Published on October 5, 2025 and written by Cyril Jarnias

Liechtenstein, a small principality nestled between Switzerland and Austria, offers a stable economic and legal environment for foreign investors. However, real estate acquisition by non-residents is subject to specific regulations. This article will guide you through the main legal provisions and processes to follow to become a property owner in Liechtenstein.

A Protective Yet Open Legal Framework

Liechtenstein has established a regulatory framework aimed at preserving its territory while remaining attractive to foreign investors. The main restrictions are as follows:

• Real estate acquisition by foreigners is limited to secondary residences and commercial properties.
• Prior government approval is required for any real estate purchase by a non-resident.
• The total area of the property must not exceed 1000 m2.
• Purchase of agricultural or forest land is generally prohibited for foreigners.
• Foreign companies must have a physical presence in Liechtenstein to acquire commercial real estate.

These restrictions aim to preserve the national land heritage while allowing controlled economic development.

Getting the Green Light: A Multi-Step Process

To obtain approval for acquiring real estate in Liechtenstein, foreign investors must follow a specific procedure:

• Submit a detailed application to the Office of Economic Affairs, including information about the targeted property and intended use.
• Provide supporting documents such as passport, criminal record extract, and proof of financial solvency.
• Pay the application fee (approximately 1000 CHF).
• Wait for the application to be reviewed by the competent authorities (average processing time of 3 to 6 months).
• If approved, finalize the purchase within 6 months.

It is highly recommended to hire a local specialized attorney to assist you with these administrative procedures.

Rights and Responsibilities of Foreign Owners

Once approval is obtained and the purchase is finalized, foreign owners in Liechtenstein enjoy certain rights but must also comply with obligations:

• Full and complete enjoyment of the acquired property
• Possibility to rent the property (under certain conditions)
• Legal protection equivalent to that of Liechtenstein citizens
• Right to resell (subject to approval for foreign buyers)

• Payment of property taxes and local levies
• Compliance with urban planning and land use regulations
• Annual property declaration to the authorities
• Use of the property in accordance with the initial authorization

Failure to comply with these obligations may result in penalties, including revocation of the purchase authorization.

Expert Tips for a Successful Investment

To maximize your chances of success in your real estate project in Liechtenstein, here are some essential recommendations:

• Engage local professionals (attorney, real estate agent, notary) to guide you throughout the process.
• Research geographic areas where acquisition by foreigners is more readily accepted.
• Prepare a strong application demonstrating your seriousness and long-term intentions.
• Be patient and allow sufficient time to complete your project.
• Familiarize yourself with local culture and customs to facilitate integration.
• Consider establishing a Liechtenstein-based company to streamline certain procedures.

A well-prepared real estate investment in Liechtenstein can prove highly profitable in the long term, both financially and for your quality of life.