Why Switzerland is Still an Outstanding Location!
February 12, 2025
“A great business location”
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Switzerland
Switzerland is often called “the world’s premier business haven” with its exceedingly friendly business culture and a world-class infrastructure second to none. One of the most important industries within Switzerland is the iconic banking sector. One-third of the world’s wealth resides in this tiny nation. Tradition, integrity and trust are adjectives that all aptly describe this international business destination.
GREAT LOCATION:
Switzerland is an internationally recognized financial center. Though relatively small, Switzerland has only 8.85 million inhabitants – 16% of those living in Switzerland are foreign citizens, pointing to the cosmopolitan nature of the population – the World Economic Forum’s “Global Competitiveness Report” recently ranked Switzerland’s economy as the most competitive in the world. While the four national languages of Switzerland are German, French, Italian and Romansch, most professionals speak working English. In addition, Switzerland is one of the oldest democracies in the world, established in 1848. For the last thirty years, the Federal Executive has consisted of a coalition between the country’s main political parties, assuring balance neutrality and free-enterprise. This tiny landlocked country has been successfully competing in favor of Direct Foreign Investment for seemingly countless years.
With a long-standing history of neutrality – it has not been in a state of war since 1815 – an iconic banking infrastructure has been developed. Even through the resent global economic crisis not one Swiss bank approached failure. There can be little doubt that the stability of the Swiss banking system and its financial institutions have contributed mightily to this country’s success. Controversies aside, the Swiss have become the world’s banker with a standing estimate that one-third of all current wealth resides here.
Several universal factors contribute to this relatively small nation’s ability to compete on the global scale which enhances its reputation:
- Social peace and political stability
- A leading economy with currency and price stability
- Highly professional international banks that focus on privacy
- First-rate infrastructure
- High productivity combined with extraordinary product and service quality
- First-class and world-renowned universities and technical institutes
