Vaduz is the capital of the principality of Liechtenstein. Vaduz has a lively tourist industry, despite being one of the very few capital cities in the world without an airport or railway station. Liechtenstein is in Central Europe, between Austria and Switzerland. The climate is continental with cold, cloudy winters with frequent snow or rain and cool to moderately warm, cloudy, humid summers. The official language is German. Alemannic and English are also spoken. The main religion is Christianity. The economy of Liechtenstein is a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and living standards on a par with the urban areas of its large European neighbours. Low business taxes - the maximum tax rate is 18% - and easy incorporation rules have induced about 73,700 holding or so-called letter box companies to establish nominal offices in Liechtenstein, providing 30% of state revenues. Liechtensteiners are typically formal in business and social settings. Business culture is traditional and formal. Suits are the standard form of dress at business meetings. Businesswomen can wear either suits or smart dresses. The security risk for expatriates in Liechtenstein is low. The largest risk for expatriates are the winter weather conditions. The currency of Liechtenstein is the Swiss Franc (CHF). Banking is on a par with the rest of Western Europe and North America. Medical facilities are good, however the cost of treatment for expatriates from outside the EU can be high. The population of Vaduz is 5,400 (2019 est.), while the inflation rate (CPI) is 0.6% for Liechtenstein as at May 2019. Xpatulator Hypothetical Tax for Liechtenstein is based on the current personal income tax rates which are progressive up to 8%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Vaduz, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Vaduz as at 1 July 2019 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: High 2) Clothing: Very High 3) Communication: Low 4) Education: High 5) Furniture & Appliances: Average 6) Groceries: Very High 7) Healthcare: Very High 8) Household Accommodation: Very High 9) Miscellaneous: Very High 10) Personal Care: Very High 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High Vaduz is for example 78% more expensive than Houston TX for groceries, 59.1% more expensive for household costs than Kuala Lumpur, and 77.4% more expensive for transport costs than Dubai. The hardship premium for Vaduz for an expat from Perth, is for example 10%, i.e. host location (Vaduz) premium of 20% minus home (Perth) location premium of 10%. Vaduz is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Vaduz? Register subscribe to your home location and Vaduz and run your personalised reports.