Knowledge

10 things to know about Swiss Business Culture

In Switzerland, the business culture it is above all other personal relations.  The Swiss business values refer to punctuality, sobriety, responsibility honesty and hard work.  This is why is important to know the business culture before starting a new business relationship with a Swiss client or partner.  Here are the top 10 things to know about Swiss business culture.

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Open a bank account in Switzerland

Banks are part of Swiss culture since 16th century, therefore there is no surprise that the Swiss banking system is one of the biggest strengths of the country. The Swiss banking system is different than other European banking systems because it is based on the universal banking concept. This concept refers to offering all the banking services both commercial and investment. This is so that the risk to be spread over a greater number of business and customers.

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Employment in Switzerland

With a stable economy, Swiss unemployment rate is one of the lowest in the world, standing at 3.7 percent in January 2017, with average unemployment typically lower in German-speaking Switzerland (3.1 percent) than in French and Italian-speaking Swiss cantons (5 percent).

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Swiss Regulations for buying a property

In Switzerland over 60 percent of people rent their residence, therefore buying a house is not a common thing. In popular cities like Zurich, Basel and Geneva there are even less owners. Property ownership is higher in rural areas. Property ownership is higher in rural areas and lower in popular cities like Zurich, Basel and Geneva. Constant growth in urban populations over the last 50 years has increased pressure on limited housing stock. 

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5 Benefits of holding company in Switzerland

A Swiss Holding Company is a vehicle whose main purpose is to manage long-term financial investments in affiliated companies. To be classified as a Holding Company under Swiss Tax law, the Company must not conduct business activities in Switzerland. The holding status is recognized at a cantonal level but not at a federal level. The conditions to obtain the holding status vary from one 

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Why invest in Switzerland?

Switzerland has become a preferred destination for investorsdue to its taxation system, geographic and political position, low inflation, low unemployment rate as well as its competitive business environment. 

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