Liechtenstein – Employer of RecordReading Time: 2 minutes
Globalization Partners provides employer of record services for clients that want to hire employees and run payroll without first establishing a branch office or subsidiary in Liechtenstein. Your candidate is hired via Globalization Partners’ Liechtenstein PEO in accordance with local labor laws and can be onboarded in days instead of the months it typically takes. The individual is assigned to work on your team, working on your company’s behalf exactly as if he or she were your employee to fulfill your in-country requirements.
Table of Contents
- Overview of Liechtenstein
- Liechtenstein Holidays
- Employment Contracts in Liechtenstein
- Why Globalization Partners
Our Global Employer of Record Platform™ and Global PEO service enables clients to run payroll in Liechtenstein while HR services, tax, and compliance management matters are lifted from their shoulders onto ours. As a Global PEO expert, we manage employment contract best practices, statutory and market norm benefits, and employee expenses, as well as severance and termination if required. We also keep you apprised of changes to local employment laws in Liechtenstein.
Your new employee is productive sooner, has a better hiring experience and is 100% dedicated to your team. You’ll have peace of mind knowing you have a team of dedicated employment experts assisting with every hire. Globalization Partners allows you to harness the talent of the brightest people in more than 170 countries around the world, quickly and painlessly.
Overview of Liechtenstein
Liechtenstein is located in Europe and has a population of 36,925. The capital city of Liechtenstein is Vaduz which has a population of 5,300. On Liechtenstein’s national holiday, His Serene Highness Prince Hans-Adam II, the head of state, and his son, His Serene Highness Hereditary Prince Alois, invite the residents of their tiny principality to have a beer in the garden of Vaduz Castle, the princely ancestral residence.
When negotiating terms of an employment contract and offer letter with an employee in Liechtenstein, it may be useful to keep the following in mind:
- New Year’s Day
- Easter Monday
- Labour Day/May Day
- Ascension Day
- Whit Monday
- Corpus Christi
- Liechtenstein National Day
- Nativity of Our Lady
- All Saints’ Day
- Feast of the Immaculate Conception
- Christmas Day
- St Stephen’s Day
Employment Contracts in Liechtenstein
In Liechtenstein, employment contracts can be oral or written, but it is best practice to put a strong, written contract in place, in German, which spells out the terms of the employee’s compensation, benefits, and termination requirements. An offer letter and employment contract in Liechtenstein should always state the salary and any compensation amounts in Swiss Francs rather than a foreign currency. The employment contract template is part of the service with Globalization Partners; no need to draft a separate template if you use our employer of record and PEO service in Liechtenstein.
Why Globalization Partners
Establishing a branch office or subsidiary in Liechtenstein to engage a small team is time-consuming, expensive and complex. Labor law in Liechtenstein has strong worker protections, requiring great attention to detail and an understanding of local best practices. Globalization Partners makes it painless and easy to expand into Liechtenstein. We can help you hire your candidate of choice, handle HR matters and payroll, and ensure that you’re in compliance with local laws, without the burden of setting up a foreign branch office or subsidiary. OurLiechtenstein PEO and Global Employer of Record Platform provides you peace of mind so that you can focus on running your business.
If you would like to discuss how Globalization Partners can provide a seamless employee leasing or PEO solution for hiring employees in Liechtenstein, please contact us.