Switzerland is one of the hardest hit countries by the novel COVID-19. Being a popular tourist destination, the state was hugely exposed to this contagion through visitors from all over the world. Whether the government did a plausible job to protect its economy or not, is not so hard to see if you look closely.
Establishing a new business can be a daunting task. While it's important to put much emphasis on the fulfilment of the legal requirements for company registration, the planning and execution of other elements in company incorporation shouldn't be taken lightly. This includes choosing the business location, obtaining financial resources, hiring employees among other factors.
SPV companies are used in Switzerland for securitization transactions as a way to secure assets of foreign parent companies. Find out more about how to open a SPV company in Switzerland, the legal requirements for this type of company and the particularities of the Swiss securitization market.
According to a ranking made by Great Place to Work, a firm specialized in conducting employee surveys and cultural analysis in companies all around the world, 29 companies were chosen in 2017 as the best companies to work for in Switzerland.
The pharmaceutical industry has a key role in the Swiss exports industry. In 2014, pharmaceuticals exports amounted to more than 70 billion CHF, which means that about one third of money earned abroad by Switzerland comes from pharmaceutical products.
Subsidiaries are legal entities with capital that is partially or totally owned by foreign companies. However, the management of the subsidiary is not conditioned by the foreign capital, and the entity is able to handle business contracts, hire employees or issue and transfer shares.
