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23 October 2021
What is the meaning of finance?
29 December 2021
Reasons to choose Switzerland for your business
Switzerland is at the junction of southern, central and western Europe, which is boarded with France, Germany, Austria, France and Liechtenstein.
The capital of Switzerland is Bern, but the economic centers of Switzerland are Geneva and Zurich. Switzerland has one of the most advanced and competitive economies in the world. Because of the access to the EU single market, and attractive tax system, a skilled workforce and high economic security, Switzerland is one of the most ideal destinations for investors.
The country is politically stable and has a very transparent legal system which has made it an attractive place for foreign investors.
If you want to expand your business, or start a new business, there are several reasons why Switzerland is a great option.
Here is why:
Location
Switzerland is surrounded by major European economies such as Germany, Austria, France and Italy, which has made Switzerland a great place to start a business that wants to enter the European market.
Transparency
All Swiss states compete with tax laws and flexible legal structures to attract companies, which has made Switzerland one of the most competitive business environments in the world.
Another advantage of Switzerland is the tax exemptions that the government provides for entrepreneurs. The Swiss labor law is also recognized as one of the liberal and most flexible laws in Europe, leading to the highest working hours per week and the lowest level of organizational strikes.
Commodity trading
With more than 500 trading companies, Switzerland is one of the most important trading centers in the world, mostly located in Geneva, Zug and Lugano. There are strict regulations that govern various business activities in this sector. Switzerland is trying to improve sustainable production and fair trade.
Price stability
Switzerland, with very low and almost constant inflation and significant economic prosperity, has been able to create a favorable environment for business development.
The Swiss franc is one of the most stable currencies in the world after the US dollar, the euro, the Japanese yen and the British pound, and it is one of the top countries in the world in terms of economic freedom.
High level of education and skills
Compared to all countries in the world, Switzerland pays the highest per capita tuition fee. Switzerland is multilingual and benefits from multi cultures.
About half of Swiss employees need special skills to get the job done. Skilled workforce is trained with academic education along with related internships, has made this country one of the bests in the world.
Infrastructure and technology
Switzerland is in top place of European countries in terms of creativity and innovation and has the highest rate of patent applications relative to its population in Europe. Also, ZTH Zurich university is ranked 14th in best universities in 2021,which shows the high level of research and scientific institutions, that has created a very strong bridge between academia and industry.
Life quality
One of the main reasons to choose Switzerland for starting a business or expand your current business is the high standard of living and social welfare.
Low crime rate, advanced transportation system, great health services, extensive communication system are the proven evidence.
Source: Donya-e-Eqtesad newspaper
