A FinTech can be described as a business that develops various technology products and services in order to assist with operations for companies in the finance field. There a few things to note for potential investors in the fintech industry in Switzerland, the first being that Switzerland is one of the world leaders in the fintech industry according to the Global Innovation Index.
The worlds leading city in the fintech sector is Zurich and has reigned supreme for the past seven years and has also been one of the top locations for companies focused on technological innovation to set up shop in Europe.
Switzerland also offers investors a number of business benefits and advantages with regards to taxation, business registration and table regulation. We have consultancy teams who are available to answer any questions you may have about opening a fintech company in Switzerland.
A growing number of fintech companies, cryptocurrency companies and smartphone R&D companies in Switzerland has solidified it's place in the worlds top nations for tech innovation and advancement, although within Switzerland itself there are a number of benefits depending on where investors decide to begin operations.
An essential piece of information for anyone planning to form a company in Switzerland within the tech or fintech industry is that the most advantageous canton to establish this business form in Switzerland is the Zug region. Zug is known around the world as one of the most beneficial cantons in Switzerland and the best location in all of Europe to establish a tech-based company, whether it be for a cryptocurrency or another type of business related to internet communication or smartphone development.
Along with Zug, there is also the option of both Zurich and Geneva for the establishment of a fintech company as both cities are also heavily business focused and popular for technology companies.
Registration of a fintech business is the same as any other type of business, although depending on the types of operations there may need to be permits and licenses required. There is more information on our website on registering a Swiss company.
Additionally, in Switzerland, there are a total of 26 cantons, all of which feature different taxation systems and rates, so it is important to understand the rules depending on which canton your business is set up in. We have a team of agents you can consult with to assist with this.
Entrepreneurs who want to start the company registration process in Switzerland for a fintech business may choose one of the Swiss cities, as the country provides an attractive framework. For example, Switzerland has a very stable political and economic background, which is favourable to investments in the field of innovative businesses (fintech, IT and other related fields of activity).
Business developers who are planning to register their new Swiss fintech businesses should choose one of the above Swiss cities, as they offer the most advantageous options for business development and start-ups. On top of their tax benefits, as Switzerland is one of the world leaders in this field it also means the government and regulatory bodies understands these businesses and can offer assistance both financially, by means of investment as well as employee allocation.
Switzerland's highly skilled workforce in the fintech and IT fields means that there is also a stable and great workforce to choose from when filling fintech positions for investors. This gives new businesses the ability to become highly efficient and profitable as early as possible.
More information on Swiss business development is available on our website. We also recommend speaking with our consultants for more information on business development in Switzerland.