Why Swiss company? 6 reasons why you should expand or start your business in Switzerland.
Reason 1: The country itself – reputation, location and stability
Swiss quality - worldwide reputation for quality and credibility. Many Fortune-500 companies, such as Glencore, Nestle, Novatis, ABB, are headquartered in Switzerland.
Heart of Europe –surrounded by Europe's major economies: Germany, France, Italy, and Austria. It's at the center of Europe with an efficient rail network and an extensive road system.
Political stability -The countryis politically stableand hasa very transparent legal system,making ita safe andattractive location to foreign investors.
Reason 2: Low corporate tax
In 2020 the Swiss government boosted its domestic economy by reducing corporate tax rates aiming to support domestic companies and startups. In Switzerland, each canton has its own taxation. Due to this change, canton Zug, as known as Europe’s Silicon Valley, has one of the lowest tax rates in Europe at 11.91 %.
Reason 3: Anonymity of shareholders
Another benefit which attracts investors to Switzerland is the anonymity of shareholders. In Switzerland, there are 2 type of companies: AG (Public limited company) and GmbH (Limited liability company). For an AG company, shareholders are not visible on commercial registry extract.
Reason 4: Swiss bank account
Swiss banking is highly regarded around the world due to its expertise, policies and credibility. Much of the world’s wealth is managed by Swiss banks. Doing business in Switzerland gives you access to Swiss banking. A Swiss bank account can increase the credibility for your company as it is secure and trustworthy in the eye of clients and trade partners worldwide.
Reason 5: Strong currency
Broadly speaking, the Swiss franc is often considered one of the most stable currencies due to how theSwiss National Bank regulates and controls the value of the Swiss franc. Furthermore, the country is properly regulated and transparent in its financial markets. The currency is, therefore, considered a safe haven.
Reason 6: Skilled workers
Expanding your business to Switzerland will give your company an access to a local well-trained workforce.The Swiss education system is supplemented by direct and practical apprenticeships, where students work directly in companies as part of their education and the availability of apprenticeships corresponds with the current required workforce in the Swiss market. For this reason, the country ranks among the best in the world for highly qualified talent.
How can F Trust help you?
We are family office located in Zurich and Zug, Switzerland. We are specialists with over 10-year experience in company formation, structuring, administration, accounting, VAT registration and payroll services. Feel free to contact us at admin@ftrust.ch. We will be pleased to discuss how we can assist you.