About the foundation «Rofenberg»

Continuing benefits
Guaranteed reliability
A solid global solution for your expats
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Through its "Rofenberg" Employee Welfare Foundation in Vaduz, AXA provides multinational companies and international organizations solutions that offer dependable continuity and boundless security for their internationally mobile employees.

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Our services

Before a foreign deployment, it's necessary to check the labor and social insurance conditions, entitlement to pension benefits, as well as the contribution requirements in each country of deployment. For internationally mobile employees and their families, relocating from one country to another involves significant changes to their social and cultural circumstances. This makes it all the more important for them to be sure that someone is looking out for them and their dependants. That's why the major focus is on ongoing financial security in the event of death or disability and in retirement.

Our benefits:

  • The ideal solution – as an overarching plan or as a complement to the local possibilities
  • Full reinsurance for the risks of death, occupational disability and longevity
  • Efficient administration
  • Professional management of investments
  • Satisfies all the requirements of the Liechtenstein Pension Fund Act (PFG), which implements the European Pension Fund Directive 2003/41/EC.

About the foundation

The purpose of the foundation is to provide occupational retirement, survivors' and disability pension benefits for the employees of the affiliated companies in accordance with Art. 2 par. 1 of the Pension Fund Act of November 24, 2006 (PFG) to the exclusion of non-pension fund business. In particular, it manages pensions for expatriates who are not subject to the Liechtenstein state retirement, survivors' and disability pension plan.

Characteristics and concept

Protection of risk benefits

  • All risks (disability, death and longevity) are fully reinsured with AXA Life Ltd.

Management of investments

  • Full reinsurance of the saving process with AXA Life Ltd. with guaranteed interest
  • The Foundation cannot be underfunded

Administration and management

  • AXA Life Ltd.

Documents

Board of Trustees

The Board of Trustees of the  "Rofenberg" Employee Welfare Foundation is composed of the following members:

  • Dennis Waech (Chair)

    Dennis Waech (Chair)

    AXA Insurance Ltd., Winterthur

  • Bernd Wurster

    Bernd Wurster

    Hilcona AG, Schaan FL

  • Rolf Brazerol

    Rolf Brazerol

    AXA Insurance Ltd., Winterthur

Automatic exchange of information (AEOI)

The Organization for Economic Co-operation and Development (OECD) agreed on this new global standard in July 2014. On October 29, 2014, together with 50 other states and jurisdictions, Liechtenstein signed the multilateral agreement on the implementation of global standards for the Automatic Exchange of Information (AEOI). The agreement establishes a multilateral framework in order to implement the new standard bilaterally with interested and appropriate states. Under the AEOI, tax authorities in participating countries will pass information on to the tax authorities of other countries concerning the earnings and assets held by taxpayers. The aim is to prevent cross-border tax evasion. Within Liechtenstein itself, the AEOI will be implemented via the AEOI act, the AEOI ordinance, and the AEOI information sheet from the tax authority. Information will be gathered accordingly and exchanged with the relevant partner countries in the following year.

Frequently asked questions – AEOI

  • What information will be exchanged under the AEOI?

    Based on the OECD standard, insurers must provide the following information concerning assets (account or policy) held by taxpayers in a different country from their tax domicile:

    • Name, address and date of birth
    • Tax residence/residences
    • Tax Identification Number(s), TINs
    • Account and policy number
    • Account balance or value
    • Surrender or taxable value for redeemable insurance and annuity insurance contracts and capital redemption transactions
    • Contract terminations
    • Interest / earnings
    • Benefits
  • Which persons are affected by the AEOI?

    Both natural persons and legal entities are affected by the AEOI if their tax resident status is not exclusively in the Principality of Liechtenstein. The financial institutions must therefore clarify with all their customers their tax residence or residences.

    For certain legal entities, controlling persons are also affected by the AEOI – their tax residence status must therefore also be clarified.

    AXA Life Ltd. is planning to inform the affected customers of the Rofenberg Employee Welfare Foundation annually about the information sent.

  • What does "tax residence" mean?

    Tax residence is determined by the respective national legal system. In determining an employee's country of tax residence, and where his global income is to be taxed, the following criteria are applied:

    1. In which country does he permanently reside?
    2. If permanent residence is in two countries: Where is the focus of his life interests (closer personal and economic relations)?
    3. If the country that is the focus of the person's life interests cannot be determined, the country applies in which he is usually resident.
    4. If the person is usually resident in both countries, he is deemed to be tax resident in the country of which he is a citizen.
    5. If the person is a citizen of both countries or of neither, the contracting countries determine the matter by mutual agreement. More information on tax residence with regard to your country of residence can be found here: Automatic Exchange Portal
  • Which countries are participating in AEOI?

    The Principality of Liechtenstein already has agreements in place with numerous countries on the automatic exchange of information. The current status for the individual countries can be found on the website of the Ministry for General Government Affairs and Finance. 

  • How will data exchange be carried out?

    Under the Automatic Exchange of Information (AEOI), reporting Liechtenstein financial institutions report to the tax administration. The tax administration forwards the information received to the competent foreign tax authority. Under the OECD standard, the reports must be sent electronically.

  • When will the notifications to the tax administration take place?

    The notifications to the tax administration are sent annually within six months after the end of the calendar year concerned.

  • Where can I find more information?

We are there for you

AXA International Business Competence Center
General-Guisan-Strasse 42
CH - 8400 Winterthur

Phone: +41 58 215 31 90
Email: international.business@axa.ch

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