The ISO code of Liechtenstein is LI according to the ISO 3166 standard. The local name of the country is the same as its English name. Liechtenstein capital city is Vaduz. People in Liechtenstein speak the German language. On 23 January 1719, Liechtenstein emerged as a sovereign political entity. In the year 01/23/1719, Liechtenstein emerged as a sovereign political entity. The largest cities in Liechtenstein are Vaduz, Schaan.
Liechtenstein is located in the UTC +01:00 time zone, which is also called Central European Time or CET. The internet country code top-level domain (ccTLD) for Liechtenstein is .li. The International dialing code for Liechtenstein is 423. People in Liechtenstein drive on the right side of the road. Total land area of Liechtenstein is 160 km² (approx. 62 mi²). Liechtenstein is a landlocked country.
Liechtenstein is located in Europe. Liechtenstein is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Doing business in Liechtenstein
We offer various corporate services in Liechtenstein jurisdiction. These services can serve both, people coming from Liechtenstein and foreigners. If you plan on doing business in Liechtenstein you might be interested in contacting us.
To find out about starting your business in Liechtenstein click on company formation in Liechtenstein.
To find out how to open a bank account in Liechtenstein and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Liechtenstein.
Choose preferred service below or continue reading to find out more about Liechtenstein.
Demographics of Liechtenstein
The total population of Liechtenstein is 38,155 people. In Liechtenstein, the population density is 230 people per square kilometer (598 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Liechtenstein is 0.5726. Liechtenstein has approximately 23493 foreign immigrants. The median age is approximately 42.4 years. In Liechtenstein, 89.41 in every 100 people use internet. Liechtenstein has a Human Development Index (HDI) of 0.889.
The majority religion of Liechtenstein is Christianity, Liechtenstein is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Liechtenstein.
Culture of Liechtenstein
People in Liechtenstein speak the German language. According to data on inbound tourists in Liechtenstein, 52,000 tourists arrive in the country each year. The first McDonalds in Liechtenstein was opened on 3 May 1996, and it was located in Vaduz. One of the most popular national dishes of Liechtenstein is käsknöpfle. To read more click on culture of Liechtenstein.
Geography of Liechtenstein
Liechtenstein is considered to be a large nation because of its total area. Its total land area is 160 km² (approx. 62 mi²). Liechtenstein is located in Europe. Its capital city is Vaduz. Liechtenstein has 2 neighbouring countries. Its neighbours include Austria, and Switzerland. Total length of land borders of Liechtenstein is 75 kilometers (~29 miles).
The highest point of Liechtenstein is Grauspitz, with its official height being 2599 m (8,527 ft). Including land mass and EEZ, the total area of Liechtenstein is approximately 160 km² (~62 mi²). The most notable natural resources found in Liechtenstein are hydroelectric potential, arable land.To read more click on geography of Liechtenstein.
Economy of Liechtenstein
The currency of the country is Swiss franc. The symbol used for this currency is Fr, and it is abbreviated as CHF. 1.9% of population in the country are unemployed. The total number of unemployed people in Liechtenstein is 725. Each year, Liechtenstein exports around $3.8 billion and imports roughly $2.09 billion. The Gini Index of the country is 35.5. Liechtenstein has a Human Development Index (HDI) of 0.889.Liechtenstein has a government debt of 111.4% of the country's Gross Domestic Product (GDP), as assessed in 2012. Liechtenstein is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, food products, precision instruments, tourism, optical instruments.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Liechtenstein is $3 billion. Each year, consumers spend around $2,799 million. The ratio of consumer spending to GDP in Liechtenstein is 0%, and the ratio of consumer spending to the world consumer market is 0.0081. The corporate tax in Liechtenstein is set at 12.5%. Personal income tax ranges from 1.2% to 17.82%, depending on your specific situation and income level. VAT in Liechtenstein is 8%. To read more click on economy of Liechtenstein.
Infrastructure of Liechtenstein
In Liechtenstein, 100% of the population has access to electricity. There are 14,278 internet hosts in Liechtenstein.
The number of road motor vehicles per 1000 inhabitants in Liechtenstein is 560. To read more click on infrastructure of Liechtenstein.
Politics of Liechtenstein
Liechtenstein, is a unitary parliamentary constitutional monarchy. With regard to political and civil freedoms, Liechtenstein is 1. Citizens in Liechtenstein experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Hans-Adam II.
According to the World Bank Group, the government effectiveness index of Liechtenstein is 1.68. This indicates that the government of Liechtenstein is very effective. Citizens enjoy highly effective social, public, and civil services, and the overall morale in Liechtenstein is high. Government actions are efficient and expeditious, and dangerous situations are highly unlikely as a result.In Liechtenstein, the legislative power is vested in a Diet. Liechtenstein is a member of the United Nations (UN). On 18 September 1990, it joined the UN as a full member state. To read more click on politics of Liechtenstein.
Environment of Liechtenstein
Liechtenstein emits 1.4 metric tons per capita of CO2. 70 km² of Liechtenstein's territory is covered in forests. and forest land comprises 44% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Liechtenstein is 560. To read more click on environment of Liechtenstein.
Company formation in Liechtenstein
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Liechtenstein.
When establishing a company in Liechtenstein, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Liechtenstein that will affect the establishment and growth of one's business. Contact us or click on company formation in Liechtenstein to read additional information when setting up a business.
Bank account opening in Liechtenstein
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Liechtenstein. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Liechtenstein, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Liechtenstein or contact us.