d  /  e
VuVL - Verein unabhängiger Vermögensverwalter in Liechtenstein

Financial centre

The Principality of Liechtenstein has a distinguished financial centre (www.finance.li) with strong international ties. Operators in the Liechtenstein financial market include essentially:
  • banks
  • asset management companies
  • investment fund management companies
  • insurance companies / insurance brokers
  • pension institutions / pension funds
  • fiduciaries, attorneys-at-law, auditors, estate agents
In addition to other established financial service providers, asset management companies are some of the key Liechtenstein financial centre players. The Asset Management Act (Vermögensverwaltungsgesetz – “VVG”) came into force on 1 January 2006. This act forms the basis for asset management companies to operate as new, internationally recognised financial intermediaries. The Liechtenstein Financial Market Authority ("FMA") monitors the execution of the Asset Management Act and the associated Ordinance (“VVO”) as well as adherence to the regulations, and takes all necessary measures.


Legal foundations

  • Asset Management Act (Vermögensverwaltungsgesetz – "VVG")
  • Asset Management Ordinance (Verordnung zum Gesetz über die Vermögensverwaltung – "VVO")
  • Ordinance governing the Charging of Supervisory Duties and Fees pursuant to the Financial Market Supervision Act (Verordnung über die Erhebung von Aufsichtsabgaben und Gebühren nach dem Finanzmarktaufsichtsgesetz "FMA-AGV")
The VVG governs the criteria concerning the commercial rendering and brokering of asset management services, and has as its purpose the protection of clients as well as the safeguarding of confidence in the Liechtenstein financial centre. The VVG governs asset management companies that are domiciled in Liechtenstein.