Every year, Switzerland attracts many new citizens who want to settle there temporarily or long-term, and not without reason, because life in Switzerland is characterized by a high quality. If you are also thinking of settling here, we would like to introduce you to the country in the following.

A strong federation

Switzerland is divided into 26 cantons, which have partial sovereignty and a capital. Together, the cantons form the Swiss Confederation – the federal state. The capital of the federal state is Bern. Unlike many other countries around the world, the political system in Switzerland is a direct democracy. The resulting autonomy as well as the willingness to compromise are deeply rooted in Swiss culture. Furthermore, neutrality in foreign policy issues is part of the self-image of Swiss politics.

A diverse population structure

Many ethnicities and cultures meet in Switzerland. Of the total population of 8.6 million, one in four is a foreigner. Italians, Germans and Portuguese make up the largest proportion of expatriate Swiss. However, the number of non-European immigrants is growing steadily.

There are four official languages in Switzerland: German, French, Italian and Romansh. This alone shows that cultural identity here is based less on a common language or ethnic origin than on intercultural exchange.

Excellent economy

Switzerland is one of the richest countries in the world. It has its solid economy to thank for that. The gross domestic product per capita is the equivalent of almost 82,000 US dollars (as of 2019). This puts Switzerland in second place, beaten only by Luxembourg in this category. The driving economic forces in Switzerland are the service sector, pharmaceuticals and watchmaking.

High standard of living

The robust economy enables people in Switzerland to enjoy a high standard of living. It is not for nothing that Zurich and Geneva are regularly voted to the top of the list when it comes to the question of the most livable cities in the world. But Switzerland is also a great place to live away from these two cities, as the strong influx into all regions over the past few years has proven time and again.

Exemplary pension system

The Swiss social security system is one of the best in the world. Through its underlying 3-pillar model, it enables an attractive retirement provision, so that the high quality of life can be maintained far beyond basic security, even at the end of employment. As a rule, every Swiss and everyone who lives and works in Switzerland must pay into this solidarity-based insurance system.

Want to know more about living and working in Switzerland and its financial implications? Contact us with a non-binding request.