All companies operating in Switzerland receive a business identification number (UID). The UID number will serve as the comapny's single identification number for all contacts with the administration and other authorities.
Despite Switzerland having one of the best business environments in the world, some businesses still find themselves having to shut down their Swiss operations for various reasons. Such circumstances are usually a result of mismanagement of the company, bankruptcy, disputes or loss of interest by the investors among many other reasons. The Swiss government has put in place several laws and regulations that apply to companies undergoing insolvency and closure. These rules address issues such as the responsibilities of directors and mechanisms to utilise when declaring bankruptcy.
The Swiss government supports a very attractive business environment through economic measures to encourage foreign investors to open companies or their subsidiaries in Switzerland.
Switzerland is strategically positioned at the crossroads of several European trade routes. This explains why it mainly relies on external exchange
Technology, subsidies, and excessive protection of local products have been the means of progress for Swiss agriculture. Currently, farmers in this country are the most supported farmers in the world, according to a report by the Organization for Economic Cooperation and Development.
The Swiss economy is, according to the ratings made by international specialized institutions, among the most competitive, innovative and liberal. The main features that give Switzerland a privileged business environment, tailored to high- quality products and services are the excellent level of security offered by business law, long-term stability of the investment framework, full guarantee of property rights, fair competition, and banking secrecy.
A distinctive trademark ensures that customers can easily recognise and purchase goods and services owing to its relative brand superiority. A trademark offers security to the owner ensuring that he/she has sole rights to its usage.
Switzerland and other third countries meet all criteria for an unlimited extension of stock market equivalence and this is the best solution for all affected market players in Switzerland, the Federal Council stated in a press release.
