A developed country, it has the highest nominal wealth per adultand the eighth-highest per capita gross domestic product. It ranks highly on some international metrics, including economic competitiveness and human development. Its cities such as Zürich, Geneva and Basel rank among the highest in the world in terms of quality of life, albeit with some of the highest costs of living in the world. In 2020, IMD placed Switzerland first in attracting skilled workers. The WEF ranks it the fifth most competitive country globally.
Switzerland has a stable, prosperous and high-tech economy and enjoys great wealth, being ranked as the wealthiest country in the world per capita in multiple rankings. The country has been ranked as one of the least corrupt countries in the world, while its banking sector has paradoxically been rated as "one of the most corrupt in the world". It has the world's twentieth largest economy by nominal GDP and the thirty-eighth largest by purchasing power parity. It is the seventeenth largest exporter. Zürich and Geneva are regarded as global cities, ranked as Alpha and Beta respectively. Basel is the capital of the pharmaceutical industry in Switzerland. With its world-class companies, Novartis and Roche, and many other players, it is also one of the world's most important centres for the life sciences industry.
The nominal per capita GDP is higher than those of the larger Western and Central European economies and Japan. Switzerland's most important economic sector is manufacturing. Manufacturing consists largely of the production of specialist chemicals, health and pharmaceutical goods, scientific and precision measuring instruments and musical instruments. The largest exported goods are chemicals (34% of exported goods), machines/electronics (20.9%), and precision instruments/watches (16.9%). Exported services amount to a third of exports. The service sector – especially banking and insurance, tourism, and international organisations – is another important industry for Switzerland.
Due to the lack of any raw materials, as well as the impossibility of growing sufficient food for its population, Switzerland relies heavily on imports. On the other hand, Swiss industry produces goods of high quality and exports almost half of its production, and in some sectors more than 90% of goods. Excellent international relations also exist in tourism, telecommunications and the finance sector.
Switzerland is one of the leading and most efficient centres of finance in the world. Besides the local banks, international banks offer services such as foreign exchange, precious metals trading, asset management and underwriting. Interest rates are low when compared to other countries. This has a favourable impact on the attractiveness of doing business in Switzerland.
Switzerland is considered a tax heaven. Switzerland has an overwhelmingly private sector economy and low tax rates; overall taxation is one of the smallest of developed countries. Switzerland offers ideal operating conditions for a foreign company. Switzerland has liberal and business-friendly legislation, political and financial stability, and first-class infrastructure, as well as a highly motivated and well-trained workforce.
The country ranks as one of the world’s most important technology locations. Leading domestic companies and well-known foreign companies have chosen Switzerland as their location for research, development and production activities in the following sectors:
-Bio/medical technology
-Information technology
-Telecommunications
-Pharmaceuticals and chemicals.
The high quality of the Swiss education system guarantees the competence and know-how found in the labour market, and provides a strong incentive for foreign managers and their families to relocate to Switzerland. The quality of research programmes is recognised worldwide.
Switzerland is also a prime location for international headquarters and management centres. Successful multinationals from all over the world have moved to Switzerland over the past few years, recognising that it is an ideal location from which to cover the European market.
Switzerland’s international banking system and the multilingual capabilities of its professionals and academics, lay the foundations for a supportive and dynamic international environment.
As a worldwide leader in research and innovation, Switzerland provides for adequate legal protection of IP rights comparable to the protection in jurisdictions of other industrialised nations. Swiss IP law protects copyrights, trademarks, patents, designs, topographies of semiconductor products and plant varieties. Swiss law also protects other intangible assets such as company names or domain names.
In the field of IP law, Switzerland is a member of all important international organisations, such as the World Intellectual Property Organisation and the European Patent Organisation. It has ratified all important international treaties which concern IP in general, and copyright, trademarks, patents, designs and plant varieties in particular. Moreover, Switzerland has signed and ratified several bilateral free trade agreements, i.e. with the EU, China and Japan, and concluded a high number of treaties with other trade partners within the framework of the EFTA, which also include clauses regarding the protection and enforcement of IP rights.
Switzerland has a civil law legal system. Therefore, enacted or written law is the primary source of law. As in all other civil law legal systems, Swiss law is divided into public and private law.
Public law governs the organization of the State, as well as the relationships between the State and private individuals (or other entities such as companies). Constitutional Law, Administrative Law, Tax Law, Criminal Law, Criminal Procedure, Public International Law, Civil Procedure, Debt Enforcement and Bankruptcy law are sub-divisions of public law.
Private law governs the relationship between individuals. Swiss civil law is mainly comprised in the Swiss Civil Code (which governs Status of Individuals, Family Law, Inheritance Law, and Property Law) and in the Swiss Code of Obligations (which governs Contracts, Torts, Commercial Law, Company Law, Law of checks and other payment instruments). Intellectual property law (copyright, patents, trademarks, etc.) are also areas of private law. Labor law is governed by private and public law.
Our law firm VLO provides legal services for corporate and private clients in Switzerland. These services include mergers and acquisitions, business and debt restructuring, tax and tax disputes, corporate disputes, investments, bankruptcy, litigation and arbitration.
If you have questions, please us right now.
E-mail: vlolawfirm@gmail.com
Switzerland has a stable, prosperous and high-tech economy and enjoys great wealth, being ranked as the wealthiest country in the world per capita in multiple rankings. The country has been ranked as one of the least corrupt countries in the world, while its banking sector has paradoxically been rated as "one of the most corrupt in the world". It has the world's twentieth largest economy by nominal GDP and the thirty-eighth largest by purchasing power parity. It is the seventeenth largest exporter. Zürich and Geneva are regarded as global cities, ranked as Alpha and Beta respectively. Basel is the capital of the pharmaceutical industry in Switzerland. With its world-class companies, Novartis and Roche, and many other players, it is also one of the world's most important centres for the life sciences industry.
The nominal per capita GDP is higher than those of the larger Western and Central European economies and Japan. Switzerland's most important economic sector is manufacturing. Manufacturing consists largely of the production of specialist chemicals, health and pharmaceutical goods, scientific and precision measuring instruments and musical instruments. The largest exported goods are chemicals (34% of exported goods), machines/electronics (20.9%), and precision instruments/watches (16.9%). Exported services amount to a third of exports. The service sector – especially banking and insurance, tourism, and international organisations – is another important industry for Switzerland.
Due to the lack of any raw materials, as well as the impossibility of growing sufficient food for its population, Switzerland relies heavily on imports. On the other hand, Swiss industry produces goods of high quality and exports almost half of its production, and in some sectors more than 90% of goods. Excellent international relations also exist in tourism, telecommunications and the finance sector.
Switzerland is one of the leading and most efficient centres of finance in the world. Besides the local banks, international banks offer services such as foreign exchange, precious metals trading, asset management and underwriting. Interest rates are low when compared to other countries. This has a favourable impact on the attractiveness of doing business in Switzerland.
Switzerland is considered a tax heaven. Switzerland has an overwhelmingly private sector economy and low tax rates; overall taxation is one of the smallest of developed countries. Switzerland offers ideal operating conditions for a foreign company. Switzerland has liberal and business-friendly legislation, political and financial stability, and first-class infrastructure, as well as a highly motivated and well-trained workforce.
The country ranks as one of the world’s most important technology locations. Leading domestic companies and well-known foreign companies have chosen Switzerland as their location for research, development and production activities in the following sectors:
-Bio/medical technology
-Information technology
-Telecommunications
-Pharmaceuticals and chemicals.
The high quality of the Swiss education system guarantees the competence and know-how found in the labour market, and provides a strong incentive for foreign managers and their families to relocate to Switzerland. The quality of research programmes is recognised worldwide.
Switzerland is also a prime location for international headquarters and management centres. Successful multinationals from all over the world have moved to Switzerland over the past few years, recognising that it is an ideal location from which to cover the European market.
Switzerland’s international banking system and the multilingual capabilities of its professionals and academics, lay the foundations for a supportive and dynamic international environment.
As a worldwide leader in research and innovation, Switzerland provides for adequate legal protection of IP rights comparable to the protection in jurisdictions of other industrialised nations. Swiss IP law protects copyrights, trademarks, patents, designs, topographies of semiconductor products and plant varieties. Swiss law also protects other intangible assets such as company names or domain names.
In the field of IP law, Switzerland is a member of all important international organisations, such as the World Intellectual Property Organisation and the European Patent Organisation. It has ratified all important international treaties which concern IP in general, and copyright, trademarks, patents, designs and plant varieties in particular. Moreover, Switzerland has signed and ratified several bilateral free trade agreements, i.e. with the EU, China and Japan, and concluded a high number of treaties with other trade partners within the framework of the EFTA, which also include clauses regarding the protection and enforcement of IP rights.
Switzerland has a civil law legal system. Therefore, enacted or written law is the primary source of law. As in all other civil law legal systems, Swiss law is divided into public and private law.
Public law governs the organization of the State, as well as the relationships between the State and private individuals (or other entities such as companies). Constitutional Law, Administrative Law, Tax Law, Criminal Law, Criminal Procedure, Public International Law, Civil Procedure, Debt Enforcement and Bankruptcy law are sub-divisions of public law.
Private law governs the relationship between individuals. Swiss civil law is mainly comprised in the Swiss Civil Code (which governs Status of Individuals, Family Law, Inheritance Law, and Property Law) and in the Swiss Code of Obligations (which governs Contracts, Torts, Commercial Law, Company Law, Law of checks and other payment instruments). Intellectual property law (copyright, patents, trademarks, etc.) are also areas of private law. Labor law is governed by private and public law.
Our law firm VLO provides legal services for corporate and private clients in Switzerland. These services include mergers and acquisitions, business and debt restructuring, tax and tax disputes, corporate disputes, investments, bankruptcy, litigation and arbitration.
If you have questions, please us right now.
E-mail: vlolawfirm@gmail.com
Switzerland