How to hire remote employees in

Liechtenstein

It may be a small country, but Liechtenstein is home to plenty of great remote talent. In the next few minutes, you’ll learn exactly how you can hire remote talent in Liechtenstein—without paying thousands in fees and spending months talking to lawyers about labor laws.

Country snapshot

CURRENCY
Swiss franc
EMPLOYER TAXES
2.19%
PAYROLL FREQUENCY
Monthly
OFFICIAL LANGUAGE
German

What to know before you hire in 

Liechtenstein

Hiring in Liechtenstein can be confusing, but it’s easier when you know what you’re doing. If you want to hire remote talent in Liechtenstein, you have two options: Hire people as contractors, or hire them as employees.

If you want to successfully hire in 

Liechtenstein

, you have two options:

Hire talent as contractors

Laws about hiring contractors are significantly more simple in 

Liechtenstein

. Onboarding talent takes days, not weeks or months. Both you, the company, and your talent have more flexibility. And in many cases, since you’re remote, the talent you’re hiring is better classified as a contractor, anyway. Of course, it’s not possible in every case, but it’s what we built Panther for.

Hire talent as employees

This is the long route. You can either establish a physical presence with an entity and register as an employer, or you can use an Employer-of-Record (EOR) solution. Odds are, you’ll find using an EOR to be the easier route. Still, using an EOR in 

Liechtenstein

 is expensive—it can often be $500 per month per employee—and sometimes prone to lengthy onboarding times.

Why hire independent contractors in 

Liechtenstein

Hiring contractors is normally the easier, faster, more flexible choice—but don’t just take it from us. Below are the specific benefits and drawbacks to hiring contractors in 

Liechtenstein

.

It’s the fastest way to hire globally

Hiring employees takes months, at the minimum. When you hire with Panther’s locally-generated contracts, it’s a matter of days or weeks. This means you can hire the best talent, fast, without losing them to a hellish procession of paperwork.

It’s a lot cheaper

It costs just $0 to sign up for Panther, then $49 per month to hire your contractors with Panther. If you hired employees manually (or did contracting on your own), you’d likely be on the hook for thousands of dollars each month. Setting up an entity alone can cost tens of thousands of dollars.

It’s more flexible for you & your team

Hiring contractors in 

Liechtenstein

 means you’re generally not on the hook for things like health insurance and paid time off. This makes hiring flexible for you, and it gives your talent more options.

It’s less risky than hiring employees

Hiring employees is a bigger commitment, and generally puts you at a bigger risk for legal fees. When you hire contractors overseas, your biggest risk is misclassification—but even then, misclassification penalties are often minimal and just require you to pay off any compensation that the person would have been owed as an employee.

Some people want to be employees

The contractor life isn’t for everyone—some people want the security that being an employee often appears to provide. Though it’s rare, this does happen, and it’s one disadvantage of manage an all-contractor team.

You might not have as much control over your talent

Most countries’ contractor-employer relationship laws stipulate that the employer can’t set fixed working hours, among other things. These laws give contractors more freedom over how and when they do their work than an employee would have. In reality, however, most contractors are willing & able to work on the company’s schedule—it’s a matter of setting expectations beforehand.

How can I pay people in 

Liechtenstein

?

If you’re hiring contractors in 

Liechtenstein

, you can pay them with Panther in a single click. You won’t need to worry about complicated wire transfers, fees, or currency conversions. We’ll take care of it all. Just make a click and your contractor will get paid in their currency of choice. This is a valuable bonus for talent in countries where the local currency is particularly weak—most people appreciate the ability to receive their payment in stronger currencies.

Hiring and paying your team in 

Liechtenstein

Hire and pay with Panther

Pay everyone with a single click
Get great currency conversion rates
Pay $0 in platform fees
Run payroll in seconds
Let Panther automatically create & store invoices
Let Panther automatically write locally-compliant contracts
Let Panther automatically file local tax documents

Hire and pay without Panther

Pay all your contractors individually
Do all currency conversions yourself
Shoulder the burden of platform fees
Spend hours each month making payments
Manually track & store invoices
Manually write & sign contracts
Manually file relevant tax documents

Let Panther save you from hiring headaches.

Sign up today for $0

If you want to hire employees in 

Liechtenstein

If you’ve read up until this point, you’ll know that it’s easier, cheaper, and more flexible to hire contractors in Liechtenstein than employees. Still, there are valid reasons why you might want to hire employees instead. The content below is for you—we’ll cover employer taxes and obligations in Liechtenstein.

Taxes in 

Liechtenstein

Employer tax

Family Compensation Fund

Administrative Costs

Individual tax

Leave

Paid Time Off (PTO)

In Liechtenstein, employees who work a five-day week receive 20 days of paid annual leave, or 24 days for employees who work six days per week.

Employees who are 20 years old or younger are entitled to a minimum of 25 days per year.

Employees inform their employer when they wish to take time off, and the employer schedules the leave.

The employer is obligated to take the employee’s requests into account and may only reject a request if the needs of the business require the employee to be at work.

The employer must pay an employee for unused vacation time when the employment relationship ends.

Public Holidays

There are 15 public holidays.

Sick Days

The employer is required to pay half the costs of this insurance and may assume more than half of the cost.

Employees may also take up to three days of leave to care for a sick household member.

Employers in Liechtenstein are required to purchase insurance from a government approved insurer to cover the costs of the per diem sick pay.

If the employee will take a sick leave, whether for themselves or a household member, an employee is obligated to notify the employer and provide a medical certificate.

Maternity Leave

Female employees are entitled to 20 weeks of maternity leave, of which 16 must be taken after the birth.

Residents who are not employed may be able to receive a maternity benefit in an amount based on the resident’s spouse’s salary and number of children.

Paternity Leave

The father in liechtenstein may use the parental leave.

Parental Leave

Employees are also entitled to take an unpaid parental leave of up to four months.

Parents seeking to take parental leave must notify the employer at least three months in advance.

The employer may require that the parental leave be taken at a different time than requested due to the needs of the business.

Other Leave

No Info.

Marriage Leave

No Info.

Bereavement Leave

No Info.

Termination

Termination Process

Employment relationship may be terminated by the employer as well as by the employer at any time without specifying grounds.

Adherence to these notice periods is not necessary if the employee or employer has good cause to terminate the employment relationship without notice.

If both the employee as well as the employer agree, the employment relationship may also be dissolved with immediate effect by means of a so-called severance contract.

Notice Period

Employees in Liechtenstein,  is between one and four weeks.

Severance Pay

Employees receive four weeks of severance pay for each year worked if dismissed due to economic reasons.

Probation Period

Probation period is 1 month.

Employee requirements in 

Liechtenstein

Working Hours

The standard working week in Liechtenstein is:

  • 45 hours for employees in industrial enterprises or office personnel, for technical and other employees including sales personnel in major retail businesses (retail sector);
  • 40 hours for young persons aged between 15 and 18;and
  • 48 hours for all other employees.

Overtime

In Liechtenstein, additional working hours are defined as working hours that exceed the maximum working hours per week.

Overtime must be compensated with leisure time or paid with an overtime bonus of at least 25 percent.

Want to hire contractors, anywhere? Start with Panther today for $0.

Start for $0
No credit card required