Foreign investors come to Liechtenstein because the country is one of the most renowned financial centers in Europe thanks to its connection with Switzerland. This means that the workforce in Liechtenstein is made up of highly skilled individuals. With few natural resources and being required to import most of the raw products, Liechtenstein relies on an industrialized economy in order to be able to process these products, which also explains the well-prepared labor force. For most enterprisers, the workforce is one of the main “ingredients” for a productive business and this why they choose Liechtenstein.
Our company registration agents in Liechtenstein can assist foreign investors who wat to set up companies here.
The Lichtenstein labor market offers many job to highly skilled individuals in the industrial clusters of the economy. When referring to Liechtenstein’s economy is it worth reminding that in 2015 the labor market had 38,000 job available for a population of 37,000 individuals which is very relevant for the workforce of the small Principality of Liechtenstein. With is being said, foreign investors seeking to open a company in Liechtenstein must also know that the country’s labor force is mainly made up of foreign citizens residing or commuting here from Austria and Switzerland.
As mentioned in the beginning of the article, Liechtenstein relies on industries like manufacturing and financial services. While the manufacturing sector employs engineers, the financial services cluster hires specialized personnel, such as accountants. The IT industry is also quite developed, meaning the workforce in Liechtenstein is made up of engineers and accountants. However, even if surprising there are also many companies operating in the agricultural industry in Liechtenstein.
The Principality is among the European countries with low unemployment rates, which make it very attractive to foreign investors.
If you are interested in opening a company in this country and need information on hiring personnel, please feel free to contact our company formation representatives in Liechtenstein.