Liechtenstein is a highly industrialized nation, with about 40% of its workforce employed in the industrial sector. While several large industrial companies are based in the Principality, the economy is primarily driven by numerous small and medium-sized enterprises.
Another significant economic factor is the country's reputation as a professional, stable, and innovative financial center, making the financial services sector the second most important after industry. Although agriculture once dominated the state's economy, it remains a vital component.
Unemployment in Liechtenstein is very low, leading to high competition for jobs, especially for migrants. Graduating from a higher educational institution in Liechtenstein significantly enhances the chances of securing employment, as it provides a competitive edge and fosters a sense of loyalty among employers.
People come to Liechtenstein seeking high salaries and a decent standard of living. When planning to work abroad, it's essential to explore job opportunities and the process of securing employment. Several websites offer regularly updated job listings in Liechtenstein. Remote work is also an option. The key is to find a company that will hire you and sign a work contract, as a work visa allows you to stay in the country for the duration of the contract. Citizens generally have easier access to the Liechtenstein job market compared to those from third-world countries.
Once you secure a job, you have two choices: live in Liechtenstein or live and work from abroad. If you choose to live in Liechtenstein, you will need to apply for a residence permit. It is not legal to work on a tourist or student visa, although students can work a limited number of hours in their field of study. To apply for a work visa, you must contact the Swiss embassy, as Liechtenstein only has diplomatic offices in the Vatican and Switzerland.