Handbook for Investors. Business location in Switzerland.

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• A permit may be issued if the real estate acquisition is used by a Swiss company for the purposes of retirement plans for staff working in Switzerland • A permit will be granted if the property will be used specifically for a charitable purpose • Heirs and legatees: a permit is granted with the stipulation that the property must be sold within two years (exception: close relationship to the property worthy of protection) • Hardship case: a permit may be granted for a vacation home or a hotel condominium unit if the seller is in financial difficulty and has offered the property without success to individuals who are not required to obtain a permit • (Certain cantons only) A foreign national not resident in Switzerland may receive a permit to purchase a second home in a town with which he/she has close economic, scientific/academic or cultural ties • (Certain cantons only) Persons abroad may be authorized to acquire real estate for the construction of subsidized housing 7.5.4 Execution Enforcement of the law is primarily the responsibility of the canton in which the real estate is located. The authority designated by the canton decides whether or not a transaction requires a permit and whether or not a permit should be granted. Under certain conditions, persons abroad can also be permitted to purchase a vacation home. However, ownership of real estate in Switzerland does not entitle a foreign owner to a residence permit. Acquisition of real estate by persons abroad www.bj.admin.ch Search for: Acquisition of real estate Languages: German, English, French, Italian 66 Handbook for Investors 2010
8. Labor market and labor laws. Switzerland has one of the most productive workforces of any national economy. Its labor market is characterized by liberal legislation, light-touch regulation and exceptional social stability. Labor conflicts are solved through the productive relationship between labor and management. Strikes are rare. The social insurance system for workers is based on the principles of solidarity and personal responsibility. The high wages attract well-qualified workers, and employers benefit from competitive unit labor costs thanks to low social security deductions. 8.1 Employment and unemployment. Switzerland has around 4.5 million employed people (as of third quarter 2008, excluding cross-border commuters and short-term residents), two million of whom are women. The labor force participation rate (people in or seeking as a percentage of the population aged 15 and over) is 68.2 %, which is the second-highest in the whole of Europe. Foreigners account for 27 % of the employed population. One-third of employed people work part-time, and the number is rising. 57 % of women work part-time, compared to just 13 % of men. Switzerland has consistently had low unemployment, which has remained between 1 % and 4 % over the past ten years. Swiss workers are highly qualified – in 2008 32 % had a higher education degree. Switzerland is famous for its multilingual employees, and Swiss managers have more international experience than average. In terms of worker motivation, the Swiss rank second only to the Danish. Swiss employees are very loyal to their companies, partly because most firms are small or medium-sized. Fig. 31: International comparison of worker motivation (2009) 1 = low, 10 = high 1 Denmark 8.69 2 Switzerland 7.90 3 Austria 7.81 4 Norway 7.38 5 Netherlands 7.12 6 Japan 7.04 7 Singapore 6.98 11 Germany 6.70 12 Ireland 6.55 13 Belgium 6.53 14 Hong Kong SAR 6.50 15 Brazil 6.46 21 Luxembourg 6.07 22 India 6.03 24 US 5.91 28 UK 5.53 29 People’s Republic of China 5.53 46 Italy 4.62 47 France 4.54 50 Russia 4.25 Source: 2009 IMD World Competitiveness Yearbook Handbook for Investors 2010 67
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Handbook for Investors. Business lo
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Welcome. Dear Reader, By choosing t
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Table of contents. Advantages offer
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10.3.4 Cross-border commuters .....
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9. Excellent educational institutio
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1.2 Climate. Switzerland’s climat
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Despite the close proximity of diff
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Page 35 and 36: 3.5.2 Environment Swiss environment
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Fig. 61: School fees for internatio
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Institution Location Homepage SLF W
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Fig. 66: Personal safety, 2008 New
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Yellow Pages yellow.local.ch Langua
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Anyone who rents a property is urge
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Fig. 69: Real disposable income in
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14. Promoting Switzerland. Location
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Fig. 72: Examples of cantonal incen
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R&D project grants are available in
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20 TechnoArk, Sierre www.technoark.
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Switzerland. Trade & Investment Pro
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15.2 Table of figures. Fig. 1: Swit
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Countries of Europe. Handbook for I
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Language regions. Handbook for Inve
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