Before embarking on registering a business in Switzerland, it’s crucial to grasp the business landscape of the jurisdiction. This ensures that your newly established company can safely and legally conduct business, aligning with your long-term goals.
Political: Switzerland boasts political stability and neutrality in its international relations. The presence of legislatures and governments in all Swiss Cantons contributes to transparency and a system of checks and balances. Switzerland is ranked 3rd in Transparency International’s 2020 Corruption Perceptions Index, signifying a low level of public sector corruption.
Economic: As a member of the European Free Trade Association, Switzerland benefits from bilateral agreements that simplify cross-border transactions. The country ranks 5th in the 2019 Global Competitiveness Report, reflecting its competitiveness. The strong Swiss franc indicates a robust economy.
Social: Switzerland has four national languages, and its population exhibits a high level of English proficiency, ranking 18th globally. With a low language barrier, doing business in Switzerland is facilitated. The Swiss population is generally satisfied with their lives, according to the OECD’s Better Life Index.
Technological: Approximately 93.1% of the Swiss population was online in 2019, showcasing the strong interaction between technology and the Swiss. The country is recognized as the world’s most innovative in 2020 by the World Intellectual Property Organisation.
Legal: Switzerland provides a business-friendly environment with favorable taxation laws. Cantons offer incentives to businesses, making it financially rewarding. The Federal Civil Procedure Code mandates an expedited procedure for commercial disputes not exceeding CHF 30,000. However, there is some criticism regarding the independence of Swiss supreme court judges.
Environmental: Switzerland adopts a diversified energy supply to combat environmental issues. The country reaffirms its commitment to climate action under The Paris Agreement, and there is an increasing recognition of the importance of environmental conservation, as seen in the success of Green parties in the 2019 elections.
Fionza Consultants ensures you navigate the complexities of the Swiss business landscape seamlessly, providing insights and assistance tailored to your specific business needs.