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 Liechtenstein is 37,300 (2018 est.), while the inflation rate (CPI) is 0.8% for Liechtenstein as at April 2018. For a single Expat, the personal income tax rate in Liechtenstein is progressive up to 8%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Liechtenstein, 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): Liechtenstein as at 1 April 2018 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: High 2) Clothing: Very High 3) Communication: Average 4) Education: High 5) Furniture & Appliances: Average 6) Groceries: Very High 7) Healthcare: Very High 8) Household Accommodation: 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: High Liechtenstein is for example 30.3% more expensive than USA for groceries, 11.2% more expensive for household costs than UK, and 126.5% more expensive for transport costs than India. The hardship premium for Liechtenstein for an expat from Australia, is for example 10%, i.e. host location (Liechtenstein) premium of 20% minus home (Australia) location premium of 10%. Liechtenstein is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Liechtenstein? Register subscribe to your home location and Liechtenstein and run your personalised reports.