The Facts of Doing Business in Belgium and Switzerland
Starting an international business is everyone’s dream. If it’s in Belgium or Switzerland, it is like dream come true. Switzerland is a recognized nation among the European countries. Due to its hilly location, it is both beautiful and creative. The country’s economic graph is mainly constant and continues to grow repeatedly.
Similarly, Belgium, which is between the UK, Germany, and France, provides residents and visitors with a variety of investment choices and an open economy. It ranks 48th in the world in terms of financial independence, is remarkably stable, and has a high level of investor flexibility.
Both nations have their benefits and drawbacks, making them safe yet challenging places to start a business. According to Bernard de Laguiche, who is an international businessman based in Brazil and Switzerland, starting any international business requires preplanning. On his website, you can read his personal journey of becoming an entrepreneur and understand all phases of a project that makes a business successful.
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Benefits of Doing Business in Switzerland and Belgium –
Location
Switzerland gets access to the common European market despite not being a member of the EU because of a special deal with the block. Despite maintaining its independence, the nation has adapted several of its laws to be in line with EU standards, which influences Switzerland’s global competitiveness.
Through its membership in the EU, Belgium has access to more than 500 million EU consumers. Trading is easy across Belgian borders. The compliance requirements for import are completed in just one hour. Because of its diversity, Belgium is a great region for businesses to test their products before spreading their distribution across Europe.
Infrastructure
With extensive rail and road networks connecting to the rest of Europe, Switzerland boasts one of the most modern architectural designs in the world. The nation also performs well in terms of innovations and technological growth.
Belgium is renowned for having highly developed transportation systems, including airports, rails, inland ports, and seaports. The economy has flourished with this arrangement. Regarding industry and logistics, Belgium’s international rail and air infrastructures are among the most alluring in the world.
Trade and Services
With more than 500 trading firms primarily based in Geneva, Zug, and Lugano, Switzerland is one of the most significant centers for global commodities trade. The vibrant business climate in this industry is governed by rigorous restrictions. The Swiss government actively participates in sectoral global reform attempts and supports efforts to advance fair trade and environmentally friendly products.
Belgian exports and imports rank 12th and 14th respectively in the world. Nearly a quarter of the GDP and 73% of the workforce are employed by the service sector. Additionally, the area is a hub for a burgeoning biotech industry, with a strong emphasis on research, startups, and clinical trials.
Operating in a foreign country, especially in places like Belgium and Switzerland, can be challenging. Expanding enterprises run the risk of being subjected to delays in entry, growing costs, duty penalties, or even criminal or civil action if they don’t have a clear grip on the constantly changing nature of the original laws, rules, and business practices. Seeking advice and constant help can always keep you on the right path.