Switzerland Jobs Facts
Switzerland is a country of roughly 7.7 million people (2009) in Western Europe with an area of 41,285 km². Switzerland is a federal republic consisting of 26 states called cantons. It is not a member of the European Union.
Its official currency is the Swiss Franc and it operates on Central European Time (CET).
Switzerland whilst land locked is very much an offshore finance jurisdiction – combining both a low tax regime with being an offshore banking centre. Approximately 5.6% of the total Swiss workforce works in banking jobs.
The city of Zurich is the country's banking heart as it is where the majority of the world's offshore bank headquarters are located. Swiss banks hold an estimated 35% of the world's private and institutional funds (or 3 trillion Swiss francs). The obvious strategic growth areas for the jurisdiction include:
- Private Banking
- Wealth Management
- Fund Management
- Fund Operations