BANKING, FINANCE AND INVESTMENT
FINANCIAL FACTS
Switzerland is known the world over as one of the most stable economies in history. Although it still uses the Swiss Franc, Switzerland has been keenly aware of the economic changes around it as the EU grows in economic power, and has made some changes to its own structure so as to maintain its relevance.
Unemployment is extremely low as Switzerland continues to attract upscale industry to employ its highly skilled workforce.
Fiscal year: Calendar year
BANKING
The Federal Banking Commission (FBC) of Switzerland, in accordance with federal statutes, regulates the nation's banking industry.
STOCK MARKET
Market value of publicly traded shares: $938.6 billion (2005)
MEMBERSHIPS
DB (nonregional members), AfDB, Australia Group, BIS, CE, CERN, EAPC, EBRD, EFTA, ESA, FAO, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAIA (observer), MIGA, NAM (guest), NEA, NSG, OAS (observer), OECD, OIF, OPCW, OSCE, Paris Club, PCA, PFP, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNOMIG, UNRWA, UNTSO, UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO, WTO, ZC
REAL ESTATE
Whether or not you can purchase real estate depends on what kind of residency permit you hold. You do not have to stay in Switzerland in order to keep the property. However, there is an annual quota by canton that determines how many properties can be bought by foreigners.
We never disclose the name of the Swiss bank until after you have sent
payment and the required due diligence documents. Please do not ask.
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