If you made up your mind to set up company in Switzerland the following information will surely be useful for you.
Switzerland is a recognized global leader in economic performance, serving as a central hub for international companies, particularly in the pharmaceutical and financial sectors. One of the country’s key strengths lies in its balanced economic structure, where prosperity is not solely driven by large corporations. Over 95% of Swiss enterprises are small and medium-sized businesses (SMEs), each employing fewer than 250 people on average. Notably, Switzerland fosters a supportive environment for startups, with approximately 75% of them remaining operational after their first year and nearly half continuing their business five years after their inception.
Steps for establishing a Swiss business:
Switzerland’s stable economy, business-friendly environment, and strong legal framework make it an attractive destination for entrepreneurs and investors alike.
An important detail about the country is that Switzerland has certain limits for the number of workers from abroad who want to work in the country and at the same time Switzerland is eager for new enterprises and innovations. Those entrepreneurs who are ready to introduce any brand new ideas about the business, perform their market research, and have some funds to invest will be always welcome and supported in any possible way. According to the Global Innovation Index, this country is in top positions with its cantons that provide businesses with relief packages and tax concessions.
About 15% of workers in Switzerland are registered as sole proprietors reflecting almost the same number in the whole Europe. The World Bank states that when it comes to ease of doing business Switzerland holds the 36th rank in the world. The general business environment in the country is tolerant and free. However, the business structure has a hierarchical system, and conservatism prevails over many issues pertaining to deeply-rooted values. It is proved by statistics that states the fact that women still drop behind men as far as the vanguard role is concerned.
Any Switzerland law firm will confirm that foreign citizens can found their enterprise in the country if they are compliant with the requirements and settled all legal details. European Free Trade Association nationals can act as sole entrepreneurs or perform any startup relatively easily. In the beginning, one must make a registration for permission at a canton and provide the materials that prove his or her sole proprietor activity. For instance, it can be a business plan or a commercial register entry.
A third-country national must have a valid residence permit. If there is no then you must apply via the local cantonal authority. You need to comply with all requirements when applying for a work visa in Switzerland. Another important moment is that you have to show that your startup has long-lasting advantages for the local labor market. For instance, any detailed business plan or solid interdependence and relationship with actual local companies will do.
All financial requirements are not the same for everybody and differ in terms of the type of business you start including the legal structure and if you require a special license.
Before starting your business, we strongly advise you to study every alternative since there are different legal business structures in Switzerland:
As a conclusion we must admit that Switzerland rightfully holds one of the leading positions in terms of running a business with advantages that prevail over the drawbacks.
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