Switzerland is the most competitive business center in the world. There are numerous good reasons to locate a business in Switzerland: innovation and technology, a liberal economic system, political stability, close links with foreign markets, excellent education and healthcare systems, an outstanding infrastructure, a high standard of living, and a competitive tax system.
The numbers speak for themselves: Switzerland has achieved top rankings in international location rankings for years. Its strengths include above all the high innovation capability and availability of highly qualified talent, an efficient and stable infrastructure as well as an excellent education system with renowned universities.
Switzerland’s prosperity stems from its propensity for innovation. Swiss enterprises habitually strive to make improvements to their products, services and processes by investing heavily in research and development. This success is due, in part, to the presence of renowned research institutes and the ability to effectively turn research results into marketable products.
A stable currency, a federal state system, strong purchasing power, and economic, social and political stability guarantee a high level of security for investments in Switzerland.
Switzerland isn’t in the EU, but it has bilateral trade agreements in place with every country in Europe. This ensures free movement of goods, services and people. Switzerland has even more free trade agreements than the EU has: in total 41 separate FTAs. Investing in an independent country like Switzerland significantly reduces the risks associated with international expansion.
Switzerland acts like a magnet to qualified workers from abroad and retains the talent it grows. In the Global Talent Competitiveness Index by INSEAD, Switzerland takes first place. Swiss workers are generally well-educated and multilingual with above-average international experience. They are motivated, reliable, and dedicated employees.
Switzerland’s labor market is characterized by liberal legislation, light-touch regulation, and exceptional social stability. Labor disputes are resolved by the social partners. Strikes are rare. The social insurance system for workers is based on the principles of solidarity and personal responsibility.
Switzerlandʼs federal tax system is a successful model: taxes are determined and levied at the federal, cantonal, and municipal levels. Domestic tax competition plays a significant role in the very low rates of taxation. The most attractive cantons in tax terms are international leaders with regard to both corporate taxes and the tax imposed on highly skilled workers.
Find out more about Switzerland as a center of trade and technology and how its high level of competitiveness and innovation clusters can help you grow your business.
Switzerland has strong clusters in life sciences, ICT and advanced engineering. Since we have the knowledge of all these sectors, we are especially strong in vertical integration technologies such as Biotech, Medtech, Fintech, Cyber Security, Robotics, Industrial Design and so on.
SWITZERLAND GLOBAL ENTERPRISE
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