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Liechtenstein

About Liechtenstein

Liechtenstein is a doubly-landlocked country in Central Europe, bordered by Switzerland to the west and south and by Austria to the east. The small, alpine country of approximately 37,000 people is divided into 11 communes. Its capital is Vaduz, and the official language is German. Liechtenstein has a parliamentary democracy under a constitutional monarchy. The country uses the Swiss franc (CHF) as its national currency.

Liechtenstein was established within the Holy Roman Empire in 1719. Occupied by both French and Russian troops during the Napoleonic wars, it became a sovereign state in 1806 and joined the Germanic Confederation in 1815. Liechtenstein became fully independent in 1866 when the Confederation dissolved. Until the end of World War I, it was closely tied to Austria, but the economic devastation caused by that conflict forced Liechtenstein to enter into a customs and monetary union with Switzerland. Since 1995, Liechtenstein is also a member of the European Economic Area (EEA) and therefore closely associated to the European Union (EU) single market.

Since World War II (in which Liechtenstein remained neutral), the country's low taxes have spurred outstanding economic growth. Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialised, free-enterprise economy with a vital financial service sector and the highest per capita income in the world. The Liechtenstein economy is widely diversified with a large number of small businesses.

Cost of living in Liechtenstein

The cost of living in this country is on the high side. This is mostly due to the high salaries paid to workers here and the attendant impact on the price on goods and services. As a very small country, the price differential between the capital and other parts of the country is not too high. In effect, the cost of living is not too dependent on location or closeness to the city center.

The average rent per month for a decent apartment of one room is a little under 800 Swiss francs. Other items are as follows (Note: the local currency is the Swiss franc (Fr.) and it is equivalent to $1)

  • Meal for one in a restaurant – 15.00 Fr.
  • Milk – 1.63 Fr./liter
  • White bread -. 2.43 Fr. (500kg)
  • Rice – 2.00 Fr./kg
  • Egg – 4.75 Fr./dozen
  • Beef – 32.25 Fr./kg

Transportation

    • One way ticket – 2.25 Fr.
    • Monthly pass – 55.00Fr.
    • Taxi – 2.72 Fr./Km
    • Utilities – 150 Fr./month
    • Internet – 50 Fr./month

International students coming to Liechtenstein can take advantage of the halls of residence provided by most universities. Apart from the lower cost, it would aid the student settle down quickly, make new friends among students easily and get help too.

Tuition fees

Tuition fees in Liechtenstein depend on the course of study, number of years and the University. Generally though, students coming from abroad should not pay more than €1,200/month.

Non-European students on the other hand would need to apply for a student visa. Before you apply for a student visa the following must be in place

  • You have already secured admission
  • You must not be in possession of ether a tourist or a business visa and you must not be in the country at the time of applying for the visa
  • All the required visas fees must have been paid
  • Show evidence of enough funds to cater for your living expenses while in the country You must have comprehensive health insurance

Visa and immigration issues

Though not a member of the EU, the country does have agreements in place with EU countries to make it possible to travel there without a visa. However, EU students would need to obtain a residency permit to be able to study in Liechtenstein.

Non-European students on the other hand would need to apply for a student visa. Before you apply for a student visa the following must be in place

  • You have already secured admission
  • You must not be in possession of ether a tourist or a business visa and you must not be in the country at the time of applying for the visa
  • All the required visas fees must have been paid
  • Show evidence of enough funds to cater for your living expenses while in the country
  • You must have comprehensive health insurance
  • Universität Liechtenstein
  • Internationale Akademie für Philosophie
  • Private Universität im fürstentum Liechtenstein

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