Economic ranking of Switzerland
The Swiss rank 26th in the bank’s Doing Business 2016 study of 189 countries, putting it well behind other countries when it comes to a regulatory environment conducive to the starting and operation of a local firm.
In Switzerland there are two basic types of business formation – partnerships and capital companies. Both of these basic types offer various legal entities to choose from according to the needs of the business.
The most common types of company are the public limited company, Ltd (AG), the limited liability company, LLC (GmbH), the general partnership, and the sole enterprise. This summary provides you with an overview of these four company types.
This site from the World Bank provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Switzerland.
A VAT rate of 8% applies to most goods and services. A reduced rate of 2.5% applies to certain everyday consumer goods such as foodstuffs, non-alcoholic beverages, books, newspapers, magazines, medicines, but also to tickets for sports and cultural events.
Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland’s economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology,...
The economy has weakened thus far in 2015, but growth is projected to rise gradually into 2016 as the recent large exchange rate appreciation is absorbed.
All tax-resident individuals are taxed on their worldwide income and wealth. Non tax-resident individuals are only taxed on Swiss sources of income and wealth.
The Sales Tax Rate in Switzerland stands at 8 percent. Sales Tax Rate in Switzerland averaged 7.80 percent from 2006 until 2015, reaching an all time high of 8 percent in 2011 and a record low of 7.60 percent in 2007. Sales Tax Rate in Switzerland is reported by...