Switzerland
General Overview
- Currency: Swiss Franc (CHF)
- Languages: Daily and business communication in German, French, Italian, Romansh.
- Public Holidays: Varies by canton, approx. 8-15 days.
- Capital: Bern
- Fiscal Year: Running from Jan 1 to Dec 31.
- Minimum Hourly Wage: Not established nationally, but some cantons have minimum wages.
Tax Essentials
- Income Tax Range: Progressive, up to 40% depending on the canton.
- Other Taxes: VAT 7.7%, Corporate tax varies by canton.
Social Security Contributions
- Employer Charges: From Approx. 10% to 15%.
- Employee Charges: From Approx. 10% to 15%.
Employment Contracts & Conditions
- Contract Types: Permanent, Fixed-term.
- Trial Periods: Usually 1-3 months.
- Paid Holiday: Minimum 4 weeks (20 days for a 5-day workweek).
- Salary Payment Frequencies: Monthly.
- Termination Notice: Notice period varies by age and tenure, typically 1-3 months.
Legal Benefits for Employees
- Medical Coverage: Mandatory health insurance (private).
- Common Non-Compulsory Benefits: Pension contributions above mandatory, health insurance, meal vouchers.
Hiring Non citizen or resident
- Visa & Work Permits Obligation: Yes, for non-EU/EEA citizens.
- High-Skilled Worker Permits: Permits for EU/EFTA citizens based on bilateral agreements; Non-EU/EFTA: quotas for B and L permits; high-skilled workers typically need a job offer and to meet salary requirements.
- Visa & Work Permits Timelines: Up to 3 months for non-EU/EFTA citizens; shorter for EU/EFTA citizens.
The information provided on these countries serves as a general guideline and may
require verification and updates from legal sources or official websites.
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