Why Switzerland

Switzerland has the words strictest data privacy laws, the FADP Law. The purpose of the FADP is to protect the privacy, interests and fundamental rights of data subjects. At the end of September 2020, after legislative process of almost four years, both chambers of the Swiss Parliament approved the revised Federal Act on Data Protection (revised FADP). The revised FADP includes numerous adaptations to the EU's General Data Protection Regulation (GDPR), but retains its own basic concept and also deviates from the GDPR in various aspects. Examples of important changes in the revised FADP are: much stricter sanctions, extended duties to provide information, the duty to create a record of data processing activities, and the expansion of the data subject's rights.

Switzerland has a stable, prosperous and high-tech economy and enjoys great wealth, being ranked as on of the wealthiest countries in the world in per capita in multiple rankings. The World Economic Forum's Global Competitiveness Report currently ranks Switzerland's economy as on of the most competitive in the world. Switzerland is also home to several large multinational corporations and NGOs, including World Health Organization and the United Nations.

Strict Data Privacy Laws

Switzerland has the strictest privacy laws in the word. All user data is protected by the Swiss Federal Data Protection Act (FADP) and the Swiss Federal Data Protection Ordinance which offers some of the strongest privacy protection in the world for both individuals and entities.

Neutrality

Switzerland has a long history of neutrality—It has not been in war since 1815 and has remained neutral in any international political affairs.

Politically Independent

Switzerland remains independent in any government or political matter, is not a member of the EU and European Economic Area. Furthermore, it is listed among the top five countries in the "Economic Freedom" index.

Long lasting stability

Switzerland has an unemployment rate below 5% and has the highest wealth per adult in the world. It is rated one of the top 5 most efficient economies in the world.

Low network latency

Switzerland's location is beneficial for any operation, due to the short distances within Europe and Switzerland being situated between the Asia/Middle East and North America.

Low environmental risks

Switzerland isn't prone to environmental risks, such as hurricanes, tsunamis, volcanos, earthquakes, forest fires or floods. In September 2016, Switzerland made history when it became the first country to vote for implementing a green economy. New initiatives included a goal to reach OneEarth sustainability by 2050. The OneEarth Initiative is based on achieving "100% renewable energy, protection and restoration of 50% of the world's lands and oceans, and a transition to regenerative, carbon-negative agriculture".

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