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Here ares some key facts regarding hiring in Liechtenstein. Liechtenstein, a small, landlocked country in Western Europe, is bordered by Switzerland and Austria. It is the sixth-smallest nation globally, with a mountainous terrain and a population of about 39, Historically, it became a sovereign state in and has maintained neutrality in global conflicts, including the World Wars.
Economically, Liechtenstein is one of the wealthiest countries, with a strong financial sector, precision manufacturing, and tourism contributing significantly to its GDP. The country operates as a constitutional monarchy with a unicameral parliament. The population is primarily Alemannic, but about two-thirds are foreign nationals, creating a diverse and multilingual workforce. The economy benefits from a highly skilled workforce, with a focus on education and vocational training.
Key economic sectors include services, particularly financial services, and high-value manufacturing industries like pharmaceuticals and electronics. Liechtenstein also emphasizes work-life balance, with a culture that values leisure and family time. Communication styles in Liechtenstein are direct, and workplace hierarchies tend to be flatter, with a high respect for qualifications and expertise.
The country is influenced by German-speaking cultures, particularly Swiss and Austrian norms. Liechtenstein is also investing in innovation and technology, renewable energy, and healthcare, aiming to diversify and strengthen its economic landscape further. Rivermate is a global Employer of Record company that helps you hire employees in Liechtenstein without the need to set up a legal entity. We act as the Employer of Record for your employees in Liechtenstein, taking care of all the legal and compliance aspects of employment, so you can focus on growing your business.