By creating attractive conditions and focusing on its core competencies, Liechtenstein in the post-war era developed from an agricultural county into what today is a modern financial services center.
The financial services sector is one of the most important branches of Liechtenstein’s economy. Roughly 15 percent of the employed populace work in the financial services industry, which generates a notable 30 percent of the Principality’s gross domestic product.
The core competence of the Liechtenstein banks lies in private wealth management. Through innovative solutions in the field of asset management and investment advice, attractive conditions and short administrative paths, the Liechtenstein financial center successfully holds its own in international competition.
Location-specific advantages of the Liechtenstein financial center
Creation of favorable corporate law foundations
Customs treaty with Switzerland
Assumption of the Swiss franc as the Principality’s legal currencyng
Member of the European Economic Area
An overview of the financial center
15 banks with a total of ca. CHF 200 billion in assets under management
Approximately 400 fiduciaries
500 investment funds with assets totaling close to CHF 30 billion
High-performance banking system
AAA country rating from Moody’s and Standard & Poor’s
Legally anchored banking client secrecy
VP Bank and its role in the financial market
The VP Bank Group was founded in Vaduz in 1956 and is one of the three largest banks in Liechtenstein. Collectively, these three major financial institutions command a market share in excess of 90 percent.
