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Switzerland is a pioneer import and export economy in terms of international trade with tight networks of free trade agreements, including with key regions such as the EU and China.
Since the EU-Vietnam Free Trade Agreement (EVFTA) was signed in 2019, many business owners have seized the opportunity to invest in the EU, finding opportunities in a new market.
Being a neutral and developed country, Switzerland has demonstrated its position in attracting foreign investment in various industries, e.g. below are the top 3 industries attracting the biggest foreign investment in Switzerland.
In 2020, the number of investment projects in Switzerland almost reached 100, which is 25% higher compared to the previous year, and boosts Switzerland from 17th (in 2019) to 14th in the top European countries receiving the most foreign direct investment.
Swiss banks are no longer unfamiliar to many people because of its prestige, nowadays many global entrepreneurs doing business in Europe choose Swiss banks to open an offshore bank account.
This is the EU's third crisis in the period of a single decade (the other two being the euro area financial crisis and the migration crisis). Although spending dipped below half in Germany, France, Italy, and Spain during the first lockdown in the beginning of 2020, it bounced back in later months.
Switzerland is always in the top 10 richest countries in the world. With a central location in Europe and a developed trade network, Switzerland is an ideal destination for businesses that want to establish an import-export company.
Switzerland is one of the most competitive business centers in the world due to its top - innovative technology, a liberal economic system and political stability. Incorporating a Swiss company is an on-going trend interested by a lot of global investors currently.
The Swiss economy is known for its rapid growth and the welfare of foreign companies is among the best in the world. Let's learn about the dynamic economy and why investors always choose to set up a company in Switzerland through today's article.
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