Valais attracts business from other cantons

Wednesday, 8 May 2024 06:30

Inter-cantonal competition for businesses can be a cut throat operation.

Valais is doing particularly well. In the last three years the canton has persuaded 113 companies to move their HQs.

The main losers have been Vaud, Geneva and Zug.

The figures have been compiled by the analytic company, CRIF.

Analysts for Credit Suisse say the canton attracts SMEs as its tax rate for companies making a profit of around CHF 200,000 is appealing.

It’s also doing well for new companies – in the first quarter of this year, the figure is up over 15% compared to the same time last year.

More from Bitesize News

Heat closes Geneva paddling pools

Eight of Geneva's eleven paddling pools are now closed as the city battles bacterial contamination during the heatwave.
Soaring temps hit hospitals

Hospital rooms at the Geneva University Hospital are hitting 34 degrees - with temperatures in the cafeteria up at 40.
Crans-Montana looks to summer season after fire tragedy

Crans-Montana is hoping for a broadly stable summer, more than six months after the New Year fire at the Constellation bar.
MétéoSuisse warns of budget cuts

The federal weather service is warning that government budget cuts risk making our forecasts less accurate.
Rents rise Geneva - more than Zurich

Rents in Geneva have risen 5.3% over the past year, putting the canton well above the national average of 2.5%, according to the property platform Homegate.
Better passenger rights coming

We’re going to get stronger air passenger rights, after the European Parliament voted for a major tightening of the rules.