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Switzerland

The ISO code of Switzerland is CH according to ISO 3166 standard. The local name of the country is Schweiz (German), Suisse (French), Svizzera (Italian). Bern is the capital city of Switzerland. The official languages of Switzerland are German, French, Italian, Romansh. In the year 1291, Switzerland emerged as a sovereign political entity. The largest cities in Switzerland are Bern, Zurich, Geneva, Basel, Lausanne.

Switzerland is located in the UTC +01:00 time zone, which is also called Central European Time or CET. The internet country code top-level domain (ccTLD) for Switzerland is .ch. The International dialing code for Switzerland is +41. People in Switzerland drive on the right side of the road. Total land area of Switzerland is 41 284 km2. Switzerland is a landlocked country.

Switzerland is located in the western part of Europe. Switzerland is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently Switzerland faces various issues including air pollution from vehicle emissions and open-air burning, acid rain, water pollution from increased use of agricultural fertilizers, loss of biodiversity.

Doing business in Switzerland

We offer various corporate services in Switzerland jurisdiction. These services can serve both, people coming from Switzerland and foreigners. If you plan on doing business in Switzerland you might be interested in contacting us.

To find out about starting your business in Switzerland click on company formation in Switzerland.

To find out how to open a bank account in Switzerland and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Switzerland.

Choose preferred service below or continue reading to find out more about Switzerland.

Company formation Bank account (Corporate) Available banks Bank account (Private)

Demographics of Switzerland

The total population of Switzerland is 8 279 700 people. In Switzerland, the population density is 198 people per square kilometer (515 per square mile). Because of this statistic, this country is considered to be crowded. The ethnic diversity is divided according to a fractionalization scale which for Switzerland is 0.5314. Switzerland has 2 335 059 million foreign immigrants. The median age is approximately 42 years. In Switzerland, 85.2 in every 100 people use internet. Switzerland has a Human Development Index (HDI) of 0.917.

The main religion of Switzerland is Christianity. Switzerland is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Switzerland.

Culture of Switzerland

People in Switzerland speak German, French, Italian, Romansh languages. According to data on inbound tourists in Switzerland, 8 967 000 tourists arrive in the country each year. The first McDonalds in Switzerland was opened on 20 October 1976 One of the most popular national dishes of Switzerland is cervelat. To read more click on culture of Switzerland.

Geography of Switzerland

Switzerland is considered a mid-sized nation because of its total area. Its total land area is 41 284 km2 (approx. 15,940 mi2). Switzerland is located in the western part of Europe. Its capital city is Bern. Switzerland has 5 neighbouring countries. Its neighbours include Austria, France, Italy, Liechtenstein, Germany. Total length of land borders of Switzerland is 1852,00 kilometers (~1,151 miles).

The highest point of Switzerland is Monte Rosa with its official height being 4634 m (15,203 ft). The most notable natural resources found in Switzerland are hydropower potential, timber, salt. To read more click on geography of Switzerland.

Economy of Switzerland

The currency of the country is Swiss franc. The symbol used for this currency is Fr, and it is abbreviated as CHF. 4% of population in the country are unemployed. The total number of unemployed people in Switzerland is 289 789. Each year, Switzerland exports around $229.2 billion and imports roughly $200.5 billion. The Gini Index of the country is 28.7. Switzerland has a Human Development Index (HDI) of 0.917. The Global Peace Index (GPI) for Switzerland is 1.275. Switzerland has a government debt of 52% of the country's Gross Domestic Product (GDP), as assessed in 2011. Switzerland is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are machinery, chemicals, watches, textiles, precision instruments, tourism, banking, insurance.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Switzerland is $ 473 331 billion. Each year, consumers spend around $365 453 million. The ratio of consumer spending to GDP in Switzerland is 58%, and the ratio of consumer spending to the world consumer market is 1%. The corporate tax in Switzerland is set at 18%. Personal income tax ranges from 0% to 13%, depending on your specific situation and income level. To read more click on economy of Switzerland.

Infrastructure of Switzerland

Infrastructure quality in Switzerland is rated to be at 4.04. In Switzerland, 100% of the population has access to electricity. There are 5 301 000 internet hosts in Switzerland. Switzerland has 63,00 airports nationwide. The logistics performance index of Switzerland is 3.84. Tracking possibilities for shipments are rated at 3.79. To read more click on infrastructure of Switzerland.

Politics of Switzerland

Switzerland is a federal multi-party directorial republic with thorough elements of direct democracy. With regard to political and civil freedoms, Switzerland is 1. The head of the government is Simonetta Sommaruga.

According to the World Bank Group, the government effectiveness index of Switzerland is 2.13. In Switzerland, the legislative power is vested in a federal assembly. The Global Peace Index (GPI) for Switzerland is 1.275. The strength of legal rights index for Switzerland is 6. Switzerland is a member of the United Nations (UN). On 10 September 2002, it joined the UN as a full member state. Switzerland is a member of the World Bank. To read more click on politics of Switzerland.

Environment of Switzerland

Switzerland emits 4.6 metric tons per capita of CO2. 12 425 km2 of Switzerland's territory is covered in forests, and forest land comprises 31% of all the land in the country. To read more click on environment of Switzerland.

Company formation in Switzerland

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Switzerland.

When establishing a company in Switzerland, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Switzerland that will affect the establishment and growth of one's business. Contact us or click on company formation in Switzerland to read additional information when setting up a business.

Bank account opening in Switzerland

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Switzerland. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in Switzerland, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Switzerland or contact us.