Luxembourg vs Liechtenstein: which jurisdiction wins?

Luxembourg vs Liechtenstein — both credible, very different trade-offs. Below: side-by-side on the variables that actually move the decision.

	Luxembourg	Liechtenstein
Tax headline	24.94% effective; SOPARFI structuring lowers materially	12.5% corporate
Formation days	14	14
First-year cost	$12,000	$8,500
Treaties	85+	22+
Substance	Substance mandatory post-ATAD	Real substance required
Banking	BIL, BGL BNP Paribas, prime brokers	LGT, VP Bank, LLB

Talk to a partner before you incorporate.

Wrong jurisdiction, wrong substance, or wrong bank shortlist is a 12-month problem. A 30-minute briefing fixes 80% of it.