For the consecutive sixth year, Switzerland was elected the most competitive economy in the World by the World Economic Forum. The secret? Innovation, due to the record number of patents, a zero-inflation rate and a GDP per capita of $ 54,800.
Switzerland has a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. This explains because the last year, 2.500 new companies were launched.
In this country, there is a transparent legal system, exceptional infrastructures, efficient capital markets, and low corporate tax rates. All speak English, corruption almost doesn’t exist and services are modern.
If you decide to start a business, here it’s very simple. You have only choose the corporate form, decide whether or not to register the trade register, request the home-site and open a bank account. The costs? About $1,200. And if you have a turnover lower than $ 82,000, you don’t need any comunication, but only a simple registration ($180).
Taxes? There are three kind of taxes and you pay them once a year. Tax office usually send you every documents. You have only sign. Every three months, you must remember to pay I.V.A. Time required? Ten minutes and after ten days you’ll receive the refunds.
If you wish to become an entrepreneur, you’ll find here a lot of facilities. There are different business center to help startuppers, which offer spaces and support. In Canto Ticino, innovative companies are supported by Copernicus Program, which provides for companies that invest in innovation process or product, the partial or total exemption of taxes on profits and capital up to 5 years, and in addition to the grants of 10- 25% on investments in innovation, the recruitment incentives and contributions for participation in trade fairs and industry.
Not counting taxes. Decide to open a company in Switzerland means to meet a tax burden of between 16 and 15%. For Iva then speaks of 8%, which in some sectors such as the hotel falls to 3.8%.
Obviously there are also downsides. The labor on the spot is specialized and competitive. The basic salary will hardly drops below $2,200, also given the high cost of living, and it has a significant effect on the financial statements.
How to start a business in Switzerland