A stable market economy
The Swiss Confederation, abbreviated as CH (from the Latin Confoederatio Helvetica), is considered a stable market economy. Since 2009 it has also held the world record for several years for economic freedom and competitiveness, two factors that are undoubtedly fundamental for anyone intending to do business. The Swiss banking and financial sectors have always had a great vitality and Switzerland has long been considered the first global financial center in the management of private and institutional wealth.
Political and economic stability, one of the lowest tax rate system in the world for persons and societies, a reliable legal system, modern and efficient infrastructures as well as strong domestic demand for goods and services by families and resident companies. These are the factors that have allowed Switzerland to have the strength and ability to withstand economic and financial crises and to be, also thanks to a low rate of debt, one of the few countries in the world to continue benefiting from the highest grade of rating concerning public debt.
Some of the positive aspects of doing business in Switzerland:
A very low level of credit risk
If a customer does not pay, within three months the Court issues an injunction.
The lowest VAT rate in Europe
7.7% and the VAT credit is reimbursed within 60 days.
High deductibility of costs
A wide range of business costs can be deducted, more than in other countries.
A low level of bureaucracy
The bureaucracy is stress-free and much lower than in other countries.
Positive aspects for individuals:
Standard of living
Health, Education, Security and other aspects of private life have one of the highest quality standards in the world.
In Switzerland there is still a strong respect for confidentiality (for example, banking secrecy for its residents).
There is no inheritance tax for direct heirs.
The rates for donations to third parties range between 10% and 50% and no notarial deed is required.