This is a reading of 38 structures supplied by Muster Treuhand AG (illustrative) against the Liechtenstein transitional provisions in force from 1 July 2026. It states, for each structure, whether a step falls due, which route the statute puts it on, by when, and what remains unanswered. It does not interpret any trust instrument and it is not legal advice.
| 38 | Structures supplied |
| 38 | Evaluated |
| 33 | Determined |
| 26 | a step falls due |
| 7 | no step falls due |
| 5 | Not determinable |
| 9 | open facts, across 7 structures — listed in section 4 |
| 3 | referred to counsel |
38 structures were supplied and 38 evaluated. Every structure is in exactly one of the two branches above, and the two branches sum to the population. Of the structures with a step falling due, 3 require a step before the Landgericht and 14 should be confirmed with counsel.
The open facts are counted separately and deliberately. 9 facts are outstanding across 7 structures, which is not the same set as the 5 structures reported as not determinable. A structure can have a step already falling due and still be waiting on a fact that decides a second question about it — typically which Art. 2 route it takes. Section 4 names every one of them.
Nothing was assumed. A structure appears as Clear only where every rule in the package ran to completion against it and none was engaged; where a fact was missing the structure is Open and the missing fact is named.
One line per structure, against the firm's own references.
| Ref | Status | Route | Action | Deadline | Open item | Counsel |
|---|---|---|---|---|---|---|
| M-001 | Action | TJPG Art. 2 Abs. 1 Bst. a | Enter the beneficial owners in the federal register | 31 December 2026 to 31 March 2027, by legal form and audit status | — | No |
| M-002 | Action | TJPG Art. 2 Abs. 1 Bst. a | Enter the beneficial owners in the federal register | 31 December 2026 to 31 March 2027, by legal form and audit status | — | No |
| M-003 | Clear | — | — | — | — | No |
| M-004 | Action | TJPG Art. 2 Abs. 1 Bst. b | Enter the beneficial owners in the federal register | 2027-03-31 | — | Maybe |
| M-005 | Action | TJPG Art. 2 Abs. 1 Bst. b | Enter the beneficial owners in the federal register | 2027-03-31 | — | Maybe |
| M-006 | Clear | — | — | — | — | No |
| M-007 | Action | TJPG Art. 2 Abs. 1 Bst. b | Enter the beneficial owners in the federal register | 2027-03-31 | — | Maybe |
| M-008 | Open | — | — | — | Effective management; Swiss real property | — |
| M-009 | Action | TJPG Art. 2 Abs. 1 Bst. b | Enter the beneficial owners in the federal register | 2027-03-31 | — | Maybe |
| M-010 | Open | — | — | — | Effective management | — |
| M-011 | Clear | — | — | — | — | No |
| M-012 | Action | TJPG Art. 2 Abs. 1 Bst. b | Enter the beneficial owners in the federal register | 2027-03-31 | — | Maybe |
| M-013 | Action | TJPG Art. 2 Abs. 1 Bst. a | Enter the beneficial owners in the federal register | 31 December 2026 to 31 March 2027, by legal form and audit status | — | No |
| M-014 | Action | TJPG Art. 2 Abs. 1 Bst. b | Enter the beneficial owners in the federal register | 2027-03-31 | — | Maybe |
| M-015 | Clear | — | — | — | — | No |
| M-016 | Action | TJPG Art. 2 Abs. 2 | Identify and keep current under Arts. 15 and 16 | 2026-10-01 | — | No |
| M-017 | Open | — | — | — | Trustee supervision | — |
| M-018 | Clear | — | — | — | — | No |
| M-019 | Action | TJPG Art. 2 Abs. 1 Bst. b | Enter the beneficial owners in the federal register | 2027-03-31 | — | Maybe |
| M-020 | Action | TJPG Art. 2 Abs. 1 Bst. a | Enter the beneficial owners in the federal register | 31 December 2026 to 31 March 2027, by legal form and audit status | — | No |
| M-021 | Action | TJPG Art. 2 Abs. 1 Bst. b | Enter the beneficial owners in the federal register | 2027-03-31 | — | Maybe |
| M-022 | Action | TJPG Art. 2 Abs. 1 Bst. b | Enter the beneficial owners in the federal register | 2027-03-31 | — | Maybe |
| M-023 | Open | — | — | — | Effective management; Swiss real property | — |
| M-024 | Open | — | — | — | Effective management | — |
| M-025 | Action | TJPG Art. 2 Abs. 1 Bst. a | Enter the beneficial owners in the federal register | 31 December 2026 to 31 March 2027, by legal form and audit status | — | No |
| M-026 | Clear | — | — | — | — | No |
| M-027 | Action | TJPG Art. 2 Abs. 1 Bst. b | Enter the beneficial owners in the federal register | 2027-03-31 | — | Maybe |
| M-028 | Clear | — | — | — | — | No |
| M-029 | Action | TJPG Art. 2 Abs. 1 Bst. b | Enter the beneficial owners in the federal register | 2027-03-31 | — | Maybe |
| M-030 | Action | TJPG Art. 2 Abs. 1 Bst. b | Enter the beneficial owners in the federal register | 2027-03-31 | — | Maybe |
| M-031 | Action | TJPG Art. 2 Abs. 2 + Abs. 2 + Abs. 7 | Identify and keep current under Arts. 15 and 16; Amend the Treuhanddokumente; Anzeige to the Amt für Justiz | 2026-10-01 | — | No |
| M-032 | Action | TJPG Art. 2 Abs. 2 + Abs. 3 + Abs. 7 | Identify and keep current under Arts. 15 and 16; Application to the Landgericht; Anzeige to the Amt für Justiz | 2026-10-01 | — | Yes |
| M-033 | Action | Abs. 7 | Anzeige to the Amt für Justiz | 2027-12-31 | — | No |
| M-034 | Action | TJPG Art. 2 Abs. 2 + Art. 1 | Identify and keep current under Arts. 15 and 16; Notify the STIFA | 2026-10-01 | Registration status | Maybe |
| M-035 | Action | TJPG Art. 2 Abs. 2 + Abs. 3 + Abs. 7 | Identify and keep current under Arts. 15 and 16; Application to the Landgericht; Anzeige to the Amt für Justiz | 2026-10-01 | — | Yes |
| M-036 | Action | Abs. 7 | Anzeige to the Amt für Justiz | 2027-12-31 | Treugeber status | No |
| M-037 | Action | TJPG Art. 2 Abs. 2 + Abs. 3 + Abs. 7 | Identify and keep current under Arts. 15 and 16; Application to the Landgericht; Anzeige to the Amt für Justiz | 2026-10-01 | — | Yes |
| M-038 | Action | TJPG Art. 2 Abs. 2 + Art. 1 | Identify and keep current under Arts. 15 and 16; Notify the STIFA | 2026-10-01 | — | Maybe |
The same obligations arranged for a diary. The charitable deadline of 31 December 2026 falls twelve months before the private-benefit one, and the routes that require an application to the Landgericht need their evidence assembled first.
| Deadline | Structures | Step | Counsel |
|---|---|---|---|
| 2026-10-01 | 7 | Identify and keep current under Arts. 15 and 16 M-016, M-031, M-032, M-034, M-035, M-037, M-038 | — |
| 2026-12-31 | 2 | Notify the STIFA M-034, M-038 | — |
| 2027-03-31 | 12 | Enter the beneficial owners in the federal register M-004, M-005, M-007, M-009, M-012, M-014, M-019, M-021, M-022, M-027, M-029, M-030 | — |
| 2027-12-31 | 1 | Amend the Treuhanddokumente M-031 | — |
| 2027-12-31 | 6 | Anzeige to the Amt für Justiz M-031, M-032, M-033, M-035, M-036, M-037 | — |
| 2027-12-31 | 3 | Application to the Landgericht M-032, M-035, M-037 | Yes |
9 facts are outstanding, across 7 structures of the 38 evaluated. One row per structure per fact, so each line can be given to whoever administers that structure.
Each is a question of fact rather than of law, and can be answered without reference to the transitional provisions. Answering them and returning the supplement sheet re-evaluates those structures and nothing else.
| Ref | Missing fact | Why it is needed | Register status |
|---|---|---|---|
| M-008 | Effective management From where is the company actually directed? | Decides Art. 2 Abs. 1 Bst. b: a foreign entity directed from Switzerland is in scope whatever its governing law and wherever its assets sit | Open |
| M-008 | Swiss real property Does the company hold Swiss real property within the meaning of Art. 4 BewG? | Decides the third limb of Art. 2 Abs. 1 Bst. b | Open |
| M-010 | Effective management From where is the company actually directed? | Decides Art. 2 Abs. 1 Bst. b: a foreign entity directed from Switzerland is in scope whatever its governing law and wherever its assets sit | Open |
| M-017 | Trustee supervision Is the trustee supervised under the GwG? | Decides the Art. 2 Abs. 2 carve-out: a GwG-supervised trustee is excepted from Arts. 15 and 16 | Open |
| M-023 | Effective management From where is the company actually directed? | Decides Art. 2 Abs. 1 Bst. b: a foreign entity directed from Switzerland is in scope whatever its governing law and wherever its assets sit | Open |
| M-023 | Swiss real property Does the company hold Swiss real property within the meaning of Art. 4 BewG? | Decides the third limb of Art. 2 Abs. 1 Bst. b | Open |
| M-024 | Effective management From where is the company actually directed? | Decides Art. 2 Abs. 1 Bst. b: a foreign entity directed from Switzerland is in scope whatever its governing law and wherever its assets sit | Open |
| M-034 | Registration status Is the Treuhänderschaft entered in the Handelsregister? | Decides whether the Abs. 7 step is an Anzeige or a deposit | Action |
| M-036 | Treugeber status Is the Treugeber deceased, unreachable, or without legal capacity? | Decides the Art. 2 route: Abs. 2 or the Landgericht under Abs. 3 | Action |
| Count | Fact | Structures |
|---|---|---|
| 4 | Effective management | M-008, M-010, M-023, M-024 |
| 2 | Swiss real property | M-008, M-023 |
| 1 | Treugeber status | M-036 |
| 1 | Registration status | M-034 |
| 1 | Trustee supervision | M-017 |
One record per structure, written to be placed on the file. Each names the facts it was decided on, the provision it rests on, and the version of the rules that produced it.
This sample shows four of the 38 records. A delivered reading carries one for every structure in the population, and sets out the full sequence of steps each obligation requires rather than naming the step alone.
Basis. Every result above was produced by applying the rules in the package named in the header to the facts supplied by Muster Treuhand AG (illustrative), and by nothing else. The same facts and the same package reproduce the same register. Where a fact was not supplied, no value was assumed and the structure is reported as undetermined.
Scope. The provisions evaluated are the transitional provisions to LGBl 2026 Nr. 12 (Art. 1 and Art. 2) and PGR Art. 900, in the consolidated text in force from 1 July 2026. Standing duties that turn on an event rather than on the reform — PGR Art. 900 Abs. 3, which applies where a registered fact has changed — are outside this register.
Terms. This document is provided for evaluation. The rule package named above, its structure, its applicability and exclusion logic and the form of this report are proprietary to New Way Capital Advisory. Publication grants no licence to reproduce it, adapt it, or derive a competing work from it, and no part may be reproduced without written permission. © 2026 New Way Capital Advisory, Geneva.
New Way Capital Advisory is not a law firm and does not practise law in any jurisdiction. This document identifies and applies published legislative provisions for operational purposes. It is not legal or tax advice, it is not an opinion on any structure, Treugeber, Treuhänder or beneficiary, and it does not interpret any trust instrument. Anything marked for counsel, and anything turning on the construction of a document, is a matter for advice qualified in Liechtenstein.
New Way Capital Advisory · Geneva, Switzerland · nwc-advisory.com