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Conducting Business in Switzerland

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Melissa Morgan

on 2 November 2012

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Transcript of Conducting Business in Switzerland

Conducting Business In
Switzerland Culture SWOT
Strengths SWOT
Weaknesses SWOT
Opportunities Tax rates are Low
Banking Industry
Double Taxation Treaties
Competitive Economy Taxes
AG's must be nationals
Mineral Resources are Limited Introduction d Conclusion 27th easiest place to do business 8th least corrupt country Steps to registering/starting
a business in Switzerland Information Required: Company Name
Director/s full name, date(s) of birth, address(es) and nationality(s)
Shareholder/s full name and address(es) Documents Required: Proof of identity
Proof of residential address Fees: Company Formation
Annual Renewal
Company Administration & Registered Office
Nominee Director/Swiss Resident I n t r o u c t n o i C u l t u r e S t r e n g t h s W e k a n e s s e s O p p o r t u n i t i e s T h r e a t s C o n c l u s i o n 6th freest economy 5th most competitive economy 3rd in the Quality of Life (Zurich) 2nd longest life expectancy in the world 2nd highest standards of living in Europe 1st
competitiveness Demographics SWITZERLAND Most stable democracy
First to implement democracy
Soldiers guard the Pope
Produces half the world's watches
90% of the Swiss completes post-secondary education
Highest ratio of doctors : patients
113 Nobel Prize Winners Capital City: Berne
Area: 15,940 square miles (41,293 square km)
Currency: Swiss Franc (CHF or Sfr) 1 Swiss franc = 1.0642 Canadian dollars
Population: 7.3 Million, 176 people per square kilometre. Government: Federal Republic of 26 cantons: Seven-member Federal Council
Military Position: Neutral Tax rates are low; yet there are multiple Trade Agreements:

EFTA Convention
26 Additional FTAs
35 Partners outside the EU A variety of trade agreements

Switzerland is the most stable democracy in the world Trading Partners Imports and Exports Education Switzerland compensates with Education
The Swiss government provides incentives
Low tuition rates. SWOT
Threats Switzerland is a very developed and advanced country that has covered many of their bases for businesses reducing many threats.
Cost of production in Switzerland is a threat.
Threat of competition.
Global climate change could further induce production problems Communication Systems 108 television broadcast stations
115 Internet Service Providers
9.475 million cell phone lines in use
4.816 million Internet hosts
6.152 million Internet users
7.8% of Switzerland’s population owns an iPhone Core Values preservation of land and environment accuracy and precision organizational and
time management skills consensus-building
and group decision-making reliability
and simplicity Working Practices punctuality and set schedules
a clear leadership structure
clearly defined systems and assigned responsibilities Working Conditions average of 42 hours per week
full-time employees are entitled to 4 weeks of vacation per year
strikes are rare and workplace absenteeism is low Consumer Expectations willing to pay for top quality products
do not support services or products that are not environmentally friendly Business Hours of Operation Monday to Friday: 9:00 AM – 6:30 PM
Saturday: 9:00 AM - 5:00 PM
Sunday: Closed Lunch Breaks:
12 PM to 2:00 PM reluctance to take risks
knowledge of local languages
self-discipline and a high level of formality Swiss Business Etiquette DO... DON'T... show emotional restraint
speak quietly
focus on analytical facts
focus on the established goals for a meeting excessive enthusiasm
theatrics and loudness
break the ice with humour or personal stories
use high-pressure or aggressive sales tactics
inquire about occupation, age, marital status, money, religion, Swiss Neutrality or the Swiss Military during the World Wars Marketing Campaigns Switzerland has a lack of natural resources but makes up for it Consumers are willing to pay for top quality products The threats to Switzerland are that the production costs are high and the threat of competition Highly efficient communication systems - advertising opportunities Switzerland is the most competitive country to set up a business in
Switzerland does not have a lot of mineral resources to exploit
Values: accuracy, organization, team consensus, self-discipline, hard workers, knowledge of the local languages http://i.i.com.com/cnwk.1d/i/tim/2012/09/17/06_archimedes_35438535_620x433.jpg
http://placeaday.com/wp-content/uploads/2010/03/Zurich2.png http://www.mkeever.com/switzerland.html
http://www.communicaid.com/access/pdf/library/culture/doing-business- in/Doing%20Business%20in%20Switzerland.pdf
http://www.communicaid.com/access/pdf/library/culture/doing-business- in/Doing%20Business%20in%20Switzerland.pdf
http://www.expatica.com/ch/essentials_moving_to/essentials/Doing-Business-in-Switzerland_11176.html http://www.traveling.ch/index2.php?title=cellphones
http://www.sacci.com.au/index.php?option=com_content&view=article&catid=58:setting-up-a-business-in-switzerland&id=267:the-basics-of-the-swiss-taxation-system&Itemid=63 http://www.oecd.org/education/highereducationandadultlearning/48631550.pdf Sources Questions? S o u r c e s Switzerland has excellent marketing campaigns
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