Liechtenstein is well known as being a stable, highly specialised financial centre with strong international links. But the country is also an industry hub, with almost 40% of the workforce employed in the industrial sector.
It is easy to come up with a list of major companies based in Liechtenstein: vehicle makers, optics companies, established manufacturing businesses and well-known firms such as Hilti all call the Principality home. From global players to family-run companies and small-scale enterprises, they all contribute to Liechtensteins success as a business location.
Compared with neighbouring countries, the industrial sector plays a particularly important role in Liechtensteins economy. In Switzerland 21.4% of workers are employed in the industrial sector, in Austria 25.9% and in Germany 28.2%, while in Liechtenstein 37.9% of all jobs are generated by this sector.
Financial services are the second-largest sector in Liechtensteins economy, after industry. Financial players based in Liechtenstein enjoy freedom to provide services throughout all EEA states. But it is not only banks that find Liechtenstein an attractive business location. Many insurance firms, asset management companies, funds and trusts also benefit from the advantages Liechtenstein has to offer. Supervision is carried out by the internationally recognised Financial Market Authority Liechtenstein.