Is Liechtenstein an EU country?
Liechtenstein is not a member of the European Union (EU). This small but prosperous principality is located in Central Europe, between Switzerland and Austria. Although not a member of the EU, Liechtenstein has close relations with the Union and participates in many EU activities and programs.
Liechtenstein’s relationship with the European Union
Liechtenstein is a member of the European Economic Area (EEA). The EEA Agreement unites the EU member states and the three European Free Trade Association (EFTA) countries: Norway, Iceland and Liechtenstein. This agreement enables these countries to participate in the EU’s internal market, which means that goods, services, capital and people can move freely between these countries and the EU.
Benefits of EEA membership
Thanks to EEA membership, Liechtenstein benefits from many of the same advantages as EU member states, such as:
- Free movement: Liechtenstein citizens can move, work and study in EU countries without special permits.
- Trade: Liechtenstein can trade with EU countries without customs and other trade barriers.
- Cooperation: Liechtenstein participates in many EU programs and initiatives, such as research and development projects.
Limitations and exceptions
Although Liechtenstein benefits from many benefits of EEA membership, it also has some restrictions and exceptions. For example, Liechtenstein has special arrangements that limit the right of foreigners to buy real estate in the country. This is due to the small size of the country and the desire to preserve the local culture and community.
Summary
Although Liechtenstein is not a member of the EU, its EEA membership enables close cooperation and integration with the EU. This allows Liechtenstein to benefit from the many benefits offered by the EU while maintaining its independence and distinctiveness.
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