Company formation

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.

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).

Swiss Regulations for buying a property

More than 60% of the people prefer to rent a house in Switzerland; therefore buying a house is not a common thing. Oddly enough, in some of the most popular Swiss cities such as Zurich, Basel or Geneva, there are even less property owners. The number of property owners is larger in rural areas an lower in popular cities, also due to the constant growth rate of urban population in Switzerland over the last years. Thus, pressure on limited available houses has also increased.