Of the four categories included in the study, Switzerland came first on two: business environment and labor force quality. Both are essential to starting and growing a successful company. <\/p>\n\n\n\n
But what do all these categories mean? Here, we\u2019ve delved into the results to provide some helpful detail on why Switzerland is great location for startups<\/a>. <\/p>\n\n\n\n To examine the business environment of countries in their study, NimbleFins looked at perceptions of judicial independence, the existence of a competitive environment and the availability of funding. Market dominance and a low regulatory burden in Switzerland were two of the factors that led to Switzerland coming first in this category. <\/p>\n\n\n\n The business environment in Switzerland is widely acknowledged to be beneficial for new and established businesses<\/strong>. Its central European location has made it a center of commerce since the middle ages, and now the obvious choice for the headquarters of multinational companies like Nestl\u00e9. Geneva, the nation\u2019s second most populous city, is a global hub for finance and diplomacy, home to a conglomeration of international organizations including the World Bank, the United Nations and the International Olympic Committee. <\/p>\n\n\n What\u2019s more, the country offers business friendly legislation, great infrastructure and political stability, and it is relatively quick and easy for non-Swiss nationals to set up a company. As a result, the nation is also to a booming tech startup scene and myriad pharmaceutical and bio-technology companies. It is of course also the birthplace of the luxury watch industry. <\/p>\n\n\n\n Globally successful companies founded in Switzerland include the Credit Suisse Group, Zurich Insurance Group and pharmaceuticals company Novartis. And new companies billed as \u201cones to watch\u201d include proptech startup Hegias<\/a>, who have developed a virtual reality CMS solution for the construction and property sector, DeepCode<\/a>, described as \u201cGrammarly for developers\u201d, and Gamaya<\/a>, who use drone technology and analytics to help farmers improve efficiency and sustainability. <\/p>\n\n\n\n The rich diversity of businesses that have found success in Switzerland reflects the country\u2019s welcoming business environment. <\/p>\n\n\n\n For a startup to succeed it is essential to have a professional and highly qualified team on board. Switzerland\u2019s population contains the second highest percentage of people who have been educated to a tertiary level in Europe, making it an excellent place in which to find top talent.<\/strong> <\/p>\n\n\n\n But NibleFins\u2019 study didn\u2019t just look at academic attainment. They also examined data from the World Economic Forum on the level of staff and vocational training, factors that determine how easy it will be for startup founders to recruit an expert team. Switzerland came first of the 31 countries compared, reassuring entrepreneurs that they\u2019ll be able to build and grow a world-class team there. <\/p>\n\n\n\n Economic health is a straightforward and relatively traditional method of examining the state of the economy. NimbleFins looked at the total GDP (gross domestic product), growth of GDP, GDP per capita and the unemployment rate of each country in the study. <\/p>\n\n\n\n In Switzerland, economic power is distributed between Swiss cantons (the term used for member states of the Swiss Confederation) and the country has one of the highest GDPs per capita worldwide<\/strong>. Their consistently low level of unemployment, which has remained at around 4% since 2000,<\/a> demonstrates the resilience of their labor market. <\/p>\n\n\n\n Switzerland comes sixth in NibleFin\u2019s study for economic health, but in the 2020 Index of Economic Freedom<\/a> came fifth in the world, and first among the 45 European countries measured. <\/p>\n\n\n\n It is not cheap to do business in Switzerland. But as the adage goes: what you pay for is what you get. <\/p>\n\n\n\n The comparatively high cost of doing business in Switzerland reflects its advanced economy, high cost and high standards of living, and a concentration of highly qualified labor, with professionals expecting higher salaries than in countries where doing business comes cheap. <\/p>\n\n\nAn <\/strong>Accommodating<\/strong> <\/strong>Business Environment<\/strong> <\/strong> <\/h2>\n\n\n\n
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<\/a><\/figure>\n<\/div>\n\n\nA Quality <\/strong>Labor<\/strong> Force <\/strong> <\/h2>\n\n\n\n
A Top Bill of <\/strong>Economic Health<\/strong> <\/h2>\n\n\n\n
The Cost of <\/strong>Doing Business in Switzerland<\/strong> <\/strong> <\/h2>\n\n\n\n