Switzerland: World’s Most Innovative Country 2019

According to the Global Innovation Index, Switzerland remains the top innovation leader for the ninth consecutive year. The country has excellent innovation outcomes such as trademark and patent applications, IP receipts and high-tech manufacturing products. Some investor communities started to call Switzerland “The Silicon Alps”, especially in canton Zug where a large cluster of IT start-ups has formed and many of those companies entered to the international market. 

What make them to choose Switzerland?  Here are some factors which make this Silicon Alps the best place for tech companies:

- Financial service, engineering, machine-building and medical equipment sectors are rapidly growing in Switzerland. The digitalization and new innovation for these sectors are highly needed. Setting up tech companies in Switzerland will allow the proximity to these manufacturing centres.

- The companies can benefit from the low corporate tax rate of 14.60 % in Canton Zug, which is expected to be 11.91% in 2020 after the tax reform, excellent business environment and outstanding cantonal economic development.

- Swiss universities and institutes are well aware of the growth of the IT industry and have specifically tailored their curricula to the needs of IT. This results in the fast-growing number of high-skilled IT talents in Switzerland each year. 

If you would like F Trust’s assistance in setting up a business in Switzerland or have any questions in general about Swiss companies, please do not hesitate to get in touch.