The assets you dedicate to the foundation are managed and used in accordance with the purpose you have defined. Liechtenstein as a location offers different types of foundations for different purposes (such as family, other private purposes, charitable and also mixed purposes). The mixed foundation enables you as a founder to enjoy private and charitable purposes at the same time. It is a special feature of Liechtenstein foundation law in terms of its structuring possibilities.
The legal establishment of a Liechtenstein foundation is usually carried out by a Liechtenstein trustee. You, as the beneficial founder of a Liechtenstein foundation, express your wishes when establishing the foundation. You define the purpose that the foundation is to pursue in the long term, and set out the beneficiaries and governance that are to be relevant for your foundation.