Before the organisation was renamed in 2013 it was called "Liechtensteinischer Olympischer Sportverband" (LOSV).

Through the engagement of Baron Eduard von Falz-Fein the first NOC of Liechtenstein was founded to meet the formal requirements given by the IOC for the participation in the Olympic Games.

This step was successful and for the first time a delegation of two athletes, three shooters and one cyclist was sent to Berlin in the summer to participate in their first Olympic Games for Liechtenstein.

In the following Winter Games another delegation with two alpine skiers and one two-man bobsleigh team was sent to represent Liechtenstein.

On 1 July 2023, the Liechtenstein Olympic Committee confirmed the employment of six athletes (from 19 applicants) as a result of increased funding from the state government.