Thursday, November 4, 2010

Liechtenstein, Vaduz - Cost of Living

The economy of Liechtenstein is a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and living standards on a par with the urban areas of its large European neighbors. Low business taxes - the maximum tax rate is 18% - and easy incorporation rules have induced about 73,700 holding or so-called letter box companies to establish nominal offices in Liechtenstein, providing 30% of state revenues.

Vaduz is the capital of the principality of Liechtenstein. Vaduz has a lively tourist industry, despite being one of the very few capital cities in the world without an airport or railway station.

Vaduz has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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