Are you a digital nomad, expat, or location-independent worker looking to establish tax residency in Liechtenstein? Welcome to your comprehensive guide! Follow these detailed steps to navigate your way to becoming a tax resident in this picturesque and financially stable country.
Step 1: Determine Eligibility
Before you start the process, ensure you meet the basic eligibility criteria for tax residency in Liechtenstein. Generally, you need to spend more than 183 days in the country within a tax year or have a permanent place of abode here.
Step 2: Secure Accommodation
You must have a permanent place of abode in Liechtenstein. This can be a rental property or a purchased home. Ensure that your accommodation contract is legally binding and that it is your primary residence.
Step 3: Register with Local Authorities
Within eight days of your arrival, you must register your residence with the local municipality (Gemeinde). Bring your passport, proof of accommodation, and any other required documents. The registration process will also involve filling out various forms provided by the local authority.
Step 4: Obtain a Residence Permit
Apply for a residence permit through the Migration and Passport Office (Ausländer- und Passamt). You will need to submit documents including your passport, proof of financial means, health insurance, and proof of accommodation. The type of permit you apply for will depend on your specific situation (e.g., self-employed, employed by a foreign company, etc.).
Step 5: Register with the Tax Authorities
Once you have your residence permit, you must register with the Liechtenstein Tax Administration (Steuerverwaltung). Provide them with your personal details, residence permit, and any other necessary documentation. This step formally establishes your tax residency status.
Step 6: Open a Local Bank Account
Although not legally required, opening a local bank account can make financial transactions easier and provides additional proof of your commitment to residing in Liechtenstein. Most banks will require your residence permit and proof of address.
Step 7: Annual Tax Filing
As a tax resident, you will need to file an annual tax return with the Liechtenstein Tax Administration. Ensure you keep detailed records of your income and expenses, and comply with local tax laws.
Legal References
- Liechtenstein Persons and Companies Act (PGR)
- Liechtenstein Tax Act (Steuergesetz)
- Liechtenstein Residence Act (Aufenthaltsgesetz)
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