Zug, Zurich best for business: study
Low taxes and ideal locations help make Zug and Zurich hotspots for setting up companies in Switzerland, a new study has found.
A study by Credit Suisse confirms that Canton Zug and Canton Zurich remain the most attractive areas for setting up businesses in Switzerland.
Zug has consistently led the financial group’s ranking for years, as its advantages include a low tax rate, a local workforce with a high level of education, and good transport connections to the rest of the country.
“As an economic centre, Zurich has high accessibility and solid figures regarding education, but falls behind Zug in tax terms,” the study said.
Zug has transformed itself over the years from an agricultural canton into a national economic centre with a strong appeal for international firms.
“The unique national combination of its low tax burden, a central location and large pool of qualified staff makes Zug virtually ideal as a location for business and a place to live,” the study said, adding that excellent transport links make it an even more attractive location.
Other cantons enjoying a relatively good position when it comes to establishing businesses are Aargau – one of the most northerly regions in the country – which enjoys a low tax burden, and Geneva, with a large availability of skilled workers.
According to the study, which was carried out on data collected since 2004 in 2,700 Swiss municipalities, the areas of Valais, Graubünden, Ticino and Uri are found at the lower end of the ranking, mainly due to their unfavorable Alpine terrain which makes them less accessible.
Jura and Neuchâtel are also considered too remote from the main transportation routes, the study said.