Every Zuger an Ambassador

Transcription

1 Every Zuger an Ambassador Grüezi The following presentation shows a selection of pictures, graphs and figures about the Canton of Zug. Please feel free to show the slideshow at your discretion. You may omit (delete) slides but due to copyright laws you are not allowed to change any data. Enjoy! Department of Economic Affairs Seite 1

2 Welcome Zug : small world - big business

3 Zug: small world - big business 3

4 Zug: small world - big business In the heart of Europe and in the economic center of Switzerland 124,000 inhabitants from 131 different nations 109,000 workplaces (of which 38,400 commuting in) 31,300 companies Outstanding economic development over the past decades Page 4

5 In the heart of Europe - in the middle of Switzerland Part of the Greater Zurich Area Access to EU Market with 700 million consumers North-south axis Gotthard (rail and road) 5

6 Selection of int'l companies - mainly HQs 6

7 Highly diversified industries Commodity trading Wholesale / distribution of brands Life science (Pharma / Biotech / Med Tech) High Tech Industry Information and communication technology (ICT) Financial services (PE/Family Offices/Fintech) Sports articles / Sports marketing Corporate functions: Full headquarters Procurement / Supply Chain / IP Page 7

8 Dynamics and traditional values Page 8

9 Zug: a worldwide leading business location

10 Credit Suisse Location Quality Indicator 2017 Criteria: Tax rates for individuals and corporations General level of education Availability of highly qualified manpower Transport-system based accessibility Source: Credit Suisse Group

11 UBS Competitiveness Indicator Switzerland 2016 Criteria: Economic structure Innovation Human capital Labor market Accessibility Commuter belt 73.0% 60,553 Price structure Public finance Source: UBS March

12 fdi Europe business location ranking 2016/17 Zug ranked 2nd: Small European Regions of the Future #2 economic potential, #2 business friendliness, #3 human capital and lifestyle Zug ranked 4th: Western European Regions of the Future Zug ranked 6th: European Regions of the Future Source: Page 12

13 Major Companies in important Clusters Company Industry Function # Employees Arrival Growth last 5 yrs Roche Diagnostics International Siemens Building Technologies Life Science Worldwide HQ High Tech Worldwide HQ Metall Zug (incl. V-Zug) Machinery Worldwide HQ Johnson & Johnson Life Science Worldwide & EMEA Glencore Commodities Worldwide HQ Novartis (Novartis, Alcon, Sandoz, Consumer Health) Life Science Swiss HQ Bossard Group High Tech Worldwide HQ Landis+Gyr High Tech Worldwide HQ Crypto/ Infoguard ICT Worldwide HQ Partners Group Finance Worldwide HQ % - 10% 10% - 20% >20% 13

14 The best overall package Stability Accessibility Business friendliness Taxation Internationality Talents/ Education Quality of life Effective business environment 13

15 Zug: leading in political and economic stability

16 Politically stable For many decades about 75 % conservative voters 6 out of 7 ministers are member of a conservative party Multiparty political system = long-standing tradition and stability Matthias Michel, Minister of Economic Affairs (VD), Canton of Zug Page 16

17 Revenue surplus / income gap 2060 Revenue surplus / income gap 2060 Tax rates and public financing sustainability NO 10 8 OW Zug #1 internationally and in CH 6 UR 4 HU BS HU ZG SH ZG NW IT UR NW SH ZH 2 ZH SG GE BE LU GE SZ GR DE AR SZ 0 BE DK OW LU SG GL GR SE DE GL AR PL UK -2 PL TG AT AT FK FK CZ LUX -4 CZ LUX TG SK FI ES SK -6 SL NL NL BEL -8 IR -10 NO Swiss cantons European countries Zug #1 internationally BS and in CH IT DK SE UK FI SL ES BEL IR BAK Taxation Index Corporations BAK Taxation Index Highly Qualified Individuals 2013 X-axis: Effective average taxes for highly qualified individuals / corporations Y-axis: Long-term revenue surplus/shortfall as a percentage of GDP The X-axis intersects the Y-axis at the average taxe rate of BAK taxation index (41.9% highly qualified individuals / 27.8% corporations) Source: BAKBASEL, ZEW 17

18 Zug: high availability of talents

19 Magnet for international talents Access to largest talent pool of approximately 1 mio. in Greater Zurich Area and Central Switzerland Access to over 100 mio. European talents Global top specialists Worldwide leading universities and research institutes are located in the area Zurich/Zug/Lucerne (e.g. Swiss Federal Institute of Technology Zurich ranked 9th best university in the world, World University Ranking 2015) Page 19

20 High percentage of highly qualified talents 42% % 38% - 42% 34% - 38% 30% - 34% 26% - 30% 22% - 26% 19% - 22% Persons holding a university degree Neuchâtel Fribourg Delémont Solothurn Bern Basel Liestal Aarau Zürich Zug Schaffhausen Luzern Schwyz Stans Sarnen Altdorf Frauenfeld Herisau Glarus St.Gallen Appenzell Chur Lausanne Genève Sion Bellinzona Source: Bundesamt für Statistik, Geostat, Credit Suisse 20

21 Access due to central location in Europe and Switzerland Short commuting distances within Switzerland Zurich Airport: Switzerland's gateway to the world By air: Total: commute to Zug 35,400 commute out of Zug 17,700 Direct rail and road connections to all European Cities Source: microcensus mobility and traffic; BFS

22 World-renowned research & knowledge location Zug Institute of Financial Services Zug (HSLU) From 2016 School of Information Technology (HSLU) Institute for Knowledge, Energy and Raw Materials Zug (WERZ) Zurich Swiss Federal Institute of Technology Zurich (ETHZ) (20 min from Zug) University of Zurich (UZH) Lucerne University of Lucerne (20 min from Zug) University of Applied Sciences Lucerne (HSLU) Page 22

23 Labor market efficiency Criteria: Redundancy costs Hiring & firing Cooperation in labor-employer relations Flexibility in wage determination Ease of finding skilled employment Ease of hiring foreign labor Pay and productivity Reliance on professional management Female participation in labor force Male participation in labor force Salary tax wedge Selection of countries Source: Global Competitiveness Report , World Economic Forum 23

24 Changes in immigration law Unchanged free movement of persons until At present, negotiations with the EU as follows: Maintaining of the bilateral agreements Immigration must be influenceable by Switzerland Significant economic needs must be considered (initiator's statement) Conclusions Outcome open since the EU's reaction is pending Worst case scenario: quota system like we had before 2002, ZG was always able to cover their requirements Alternative scenario: additional vote considering all the pros and cons 24

25 Zug: highest quality of life

26 Quality of life «The Canton of Zug offers our employees a quality of life that is unrivalled: a fantastic transportation infrastructure, clean environment and a hub for innovation all set against awe-inspiring landscape. This made our decision to establish our office in Zug an easy one!» Dieter Schulze, CEO SABMiller Europe AG Page 26

27 International community People from 131 different nations live in the canton (total: 32,977). By continents: Europe 88 %, Asia 5 %, America 4 %, Africa 2 %, Australia 1 % Top 12 nations in percent: 20.34% Germany Italy 32.35% United Kingdom Portugal Kosovo Serbia 9.33% Turkey Spain Bosnia 2.63% 6.61% Netherlands Austria 2.68% 2.75% 2.98% 3.13% 3.20% 3.70% 4.12% 6.17% France other Source: Fachstelle Statistik Zug,

28 Integration of internationals Info material & news Newcomer set (English) and The Zug Post Migration Advisory Office English-speaking authorities Relocation agencies Service & international clubs Various events Page 28

29 International Schools International School of Zug and Luzern Walterswil/Baar Riverside Campus, Hünenberg Institut Montana, Zug/Zugerberg International School of Central Switzerland, Cham SIS Swiss International School, Rotkreuz Four Forest Bilingual International School, Cham Page 29

30 Health Care System Cantonal hospital in Baar (Zuger Kantonsspital) Private Andreas Clinic Cham (Hirslanden Group) Nursing homes Home healthcare support (Spitex) Many more hospitals in Zurich and Lucerne Page 30

31 Zug city trains Access to city center from all communities within max.15 min Alpenblick Zürich Steinhausen Rigiblick 20 min to Zurich (half hour interval) min to Zurich Airport (half hour interval) Baar Neufeld Zürich Lindenpark Zythus Cham Chämleten Chollermüli Schutzengel Postplatz Casino Zug 20 min to Luzern ( half hour interval) Fridbach Oberwil Luzern Rotkreuz connections per hour and direction Hörndli Walchwil Arth-Goldau, Erstfeld 31

32 Crime statistics 2016 Source: Swiss Federal Statistical Office

33 Zug: effective business environment

34 The spirit of Zug: friendly and efficient Our Economic Promotion team is a "one-stop-shop" caring for companies located in Zug and supporting those interested in moving here, actively develops solutions for industry needs, provides answers to your questions: solution-minded and fast, offers a unique set of supporting material, acts as a long-term partner to support you in your growth. All our services are free of charge.

35 Business infrastructure Business support services 280 advocates 300 fiduciaries (90 organized in Fiduciary Association of Zug) > 10 banks (also providing all international services) Business premises High availability of top office space on prime locations at reasonable prices. Price range depending on location (CHF to CHF per m2 and year) Business centers 14 business centers in the canton 35

36 Zug: highly attractive tax environment

37 International tax comparison coporate profit tax Maximum tax levy on corporate profit 0% 10% 20% 30% 40% 50% Zug (privileged) 8.6/9.6% Zug (ordinary) 14.6% Switzerland 17.8% Ireland 12.5% Great Britain 19.0% Netherlands 25.0% China 25.0% Luxembourg 27.1% Germany 29.8% Japan 30.7% India 34.6% U.S.A. 40.0% Source: KPMG (2016) Corporate Tax Rates Table & Swiss Tax Report (2016) 37

38 Development international corporate profit tax Maximum tax levy on corporate profit Source: KPMG (2015) Corporate Tax Rates Table 38

39 Corporate profit taxation effective tax rates (% on pre-tax profit) 14.57% 8.56% 9.62% 7.83% 8.9% after tax rates (published) cantonal & municipal 0.9% 2.2% 8.5% 8.5% 8.5% 8.5% federal tax status ordinary mixed (~ up to 5 FTE, no Swiss income, shareholders abroad) mixed (~ more than 30 FTE, no Swiss income) Holding (holding participations, 2/3 of income / assets out of participations) Source: Kantonale Steuerverwaltung Zug 39

40 Nidwalden Zug Appenzell AR Appenzell AI Luzern Obwalden Uri Aarau Schwyz Neuenburg Thurgau St. Gallen Wallis Solothurn Schaffhausen Glarus Bern Basel BL Graubünden Waadt Zürich Freiburg Tessin Jura Genf Basel BS Intercantonal tax comparison Corporate entities 8'574 9'330 10'404 10'984 11'304 12'304 12'488 12'625 12'910 13'500 14'922 16'608 16'686 17'543 18'105 18' '000 10'000 15'000 20'000 25'000 30'000 35'000 20'898 21'640 Example Joint-stock company equity of CHF 2 mio. Net profit CHF 160, Total cantonal, municipal and church tax (+direct federal tax approx. CHF 11,790) 24'076 24'750 26'060 26'212 27'314 28'686 29'679 30'747 Source: Eidgenössische Steuerverwaltung,

41 International tax comparison Maximum individual tax Zug 23% India 34% USA 40% Luxembourg Germany Great Britain China 44% 45% 45% 45% Ireland 48% Japan Netherlands 51% 52% 0% 10% 20% 30% 40% 50% 60% Source: KPMG's Swiss Tax Report

42 Zug Wallis Schwyz Nidwalden Zürich Appenzell AI Uri Genf Obwalden Tessin Graubünden Aargau Luzern Thurgau Glarus Schaffhausen Freiburg St. Gallen Appenzell AR Basel BL Bern Waadt Basel BS Solothurn Jura Neuenburg Intercantonal tax comparison Private individuals 3'277 11'050 11'087 11'837 11'839 11'842 12'402 12'487 12'655 12'957 13'163 13'304 13'562 13'896 14'611 14'640 Example Married person with two children Gross income CHF 150, Total cantonal, municipal and church tax (+ direct federal tax CHF 1,948) 16'016 16'591 16'690 16'841 17'676 17'715 17'904 18'600 18'961 19' '000 4'000 6'000 8'000 10'000 12'000 14'000 16'000 18'000 20'000 Source: Eidgenössische Steuerverwaltung,

43 Effective tax burden of companies Taxation index on companies and highly qualified manpower Zug #1 in CH and #3 Int'l behind SGP/HK Effective average tax rate (single, EUR 100,000) Source: BAK Basel Economics, Centre for European Economic Research,

44 Genuine quality of life Page 44

45 Contact information Department of Economic Affairs Economic Promotion Aabachstrasse 5 CH Zug Phone +41 (0) Mail economy@zg.ch Internet Page 45

46 Appendix

47 Population Population as of ,071 Total housing stock 52,981 Percentage of non-swiss citizens 26.3 % Average age of the population 41.3 Number of nations 131 Seite 47

48 The municipalities Only 239 km 2 in size the Canton of Zug is the smallest one in Switzerland. It consists of 11 municipalities. 48

49 11 municipalities Baar Cham Hünenberg Menzingen Neuheim Oberägeri Risch Steinhausen Unterägeri Walchwil Zug

50 Education The Canton of Zug has the highest education level in Switzerland. - Lucerne University of Applied Sciences and Arts Lucerne School of Information Technology, Institute of Financial Services Zug (IFZ ) - HSR University of Applied Sciences Rapperswil Institute for Energy and Resource Efficiency (WERZ) - 6 professional colleges economy, IT, industrial design, complementary and alternative medicine, child education, agricultural technology - 3 Swiss gymnasiums, specialized upper secondary school, business school - 1 university of teacher education (PHZ) - 6 international schools 50

51 Development , , , , ,000 96, ,000 82,000 60,000 50,000 60,000 40,000 31,250 20,000 22,000 19,000 7,500 1,900 0 Population Employment Motor vehicles Corporations 51

52 Commercial structure 2014 Employees in number: Canton of Zug 107'592 (+2.1 %*) Switzerland 4,962,608 (+1.2 %*) 1.7 % 1'905 (+0.4 %*) 3.3 % 164,360 (-1.5 %*) 77.7 % 83'591 (+ 2.3%*) 20.6 % 22'096 (+1.6 %*) 74.7 % 3,704,444 (+1.5 %*) 22 % 1,093,804 (+0.5 %*) Agriculture 1st sector Industry 2nd sector Trade and services 3rd sector *compared to the prior year Source: Business Census 2014, provisional figures 52

53 Public transport - City train Zug and buses - Numerous direct intercity (long distance) connections to Zurich, Lucerne, Milan, Munich, Amsterdam and many more cities. - Funicular railway Zugerberg - Cruiseboats on the lakes of Zug and Aegeri - Award-winning design of Zug railway station Seite 53

54 By-pass Cham/Hünenberg (2017/18/19) Situation: Traffic congestion in the municipality centers of Cham and Hünenberg. The economic area "Ennetsee" should be accessible without any traffic jam. Solution: Construction of a by-pass. 54

55 Access Zug/Baar ( ) Situation: There is no direct connection to the freeway. Solution: Construction of the "Neufeld" tangent: - Discharge of the city centers in Baar and Zug. - Road development of the business areas Baarermatt and Göbli. 55

56 Seite 56

57 Sports Zug offers a wide range of common sport activities. In particular: - Golf (18-hole / 9-hole / 6-hole - Downhill, Dirtbike and BMX course) - Baseball and Rugby - Inlineskating (flat route system) - Diving (several schools) - Wakeboarding (Club Zug) - Billiard and Bowling - Waterskiing (Club Cham) - Standup-Paddeling - Skateboarding - American Football - Paragliding Seite 57

58 Zug ice hockey team (EVZ) The pride of the Canton of Zug: The EVZ plays in the national league A. In the period 1997/98 they were Swiss champions. The new ice hockey stadium opened in August Seite 58

59 Eating out For further information: 59

60 Tourism & accommodation For further information: 60

61 Broad cultural offerings For further information: 61

62 Your contacts in the cantonal administration Office for Economy and Labor: Office for Migration: Tax administration: Commercial register: Social services:

63 Migration Advisory Office Contact: Fachstelle Migration Zug Phone: Fax: Mail: Internet: 63

64 Public associations Zug Chamber of Economy: Fiduciary Association of Zug ZTV: Zug Attorney's Association: Trade Association of the Canton of Zug: Association business region ZUGWEST: HR Services Zug: tfz Technology Forum Zug: Businesspark Zug:

65 Service & international clubs - selection Ambassador Clubs (Aegerital, Zug, Zug Land) Business & Professional Women Club Efficiency Club Zug Inner Wheel Club Zug International Men's Club International Mums and Kids Club International Women's Club Junior Chamber International Zug Kiwanis Clubs (Raten, Zug, Zug-Ennetsee, Zugerland) Lions Clubs (Zug, Zugerland, Zug Kolin) Panathlon Club-Zug Rotary Clubs (Zug, Zugerland, Zugersee, Zug-Kolin, Ägeri-Menzingen, Rotaract) Round Table Zug

66 Service clubs: Kiwanis Kiwanis Club Zug: Kiwanis Club Zug-Zugerland: Kiwanis Club Zug-Ennetsee: Kiwanis Club Raten:

67 Service clubs: Lions Lions Club Zug: Lions Club Zugerland: Lions Club Zug Kolin:

68 Service clubs: Rotary Rotary Club Zug: Rotary Club Zugersee: Rotary Club Zugerland: Rotary Club Zug-Kolin: Rotary Club Ägeri-Menzingen: Rotaract Club Zug: Inner Wheel Club Zug:

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