The Swiss passport is an identity and travel document issued to Swiss citizens, offering visa-free access to many countries. It is distinguished by its red cover with the white cross. Swiss naturalization can be obtained through descent, marriage, or prolonged residence under certain strict conditions, including linguistic and social integration. The passport is biometric and valid for 10 years (5 years for minors). It also allows citizens to benefit from Swiss consular services abroad.
Taxation in Switzerland is based on three levels: federal, cantonal, and communal, resulting in variations depending on the location. Individuals are taxed on income (up to 45%) and wealth (0.3% to 1%). Companies are subject to a fixed federal tax of 8.5% on profits, in addition to cantonal and communal taxes, with overall rates ranging between 11.8% and 21%. Switzerland applies double economic taxation, taxing corporate profits and then dividends received by shareholders. Each canton offers specific tax conditions, making tax planning essential for individuals and businesses.
The IBAN in CHF is a unique banking identifier consisting of 21 characters, structured into several parts: country code (CH), check digits, bank code, and account number. It is mandatory for domestic and international payments in Switzerland, often used alongside the BIC/SWIFT code for cross-border transfers. Compatible with multi-currency accounts, it can handle transactions in CHF and other currencies. ISO 13616 and ISO 20022 standards ensure its standardization, and its validation relies on the Modulo 97 algorithm. The IBAN simplifies payments while ensuring security and accuracy.
The Swiss Made label guarantees the quality, craftsmanship, and Swiss origin of products, particularly in watchmaking, food, and industrial goods. It is based on strict criteria, such as a significant portion of manufacturing and components being Swiss-made. Synonymous with prestige and reliability, it provides a major competitive advantage for businesses. In addition to attracting talent, it allows for significant economic value enhancement of products. This label is a powerful tool for entrepreneurs aiming to benefit from Switzerland’s image of excellence.
The corporate name of a company in Switzerland is its official name under which it is registered and conducts business activities. It plays a crucial role in the legal identification of the company and must comply with strict regulations established by the Swiss Code of Obligations.
In 2025, several Swiss cantons apply minimum hourly wages (Swiss minimum wage 2025): Geneva at CHF 24.48, Neuchâtel at CHF 21.31, Jura at CHF 21.40, Ticino at CHF 19.00, and Basel-City at CHF 21.00. These amounts, adjusted according to the consumer price index, aim to ensure a decent income for workers, reflecting regional cost-of-living variations. Some sectors, such as agriculture and floriculture, have specific rates, for example in Geneva, where the minimum wage is CHF 17.99 for these industries.
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