2017 – A New Record Year for Company Formations!
Last year so many new registrations were made in Switzerland’s Commercial Register as never before. Compared with 2016, the record year so far, the Commercial Register saw 5.05% more registrations. It was particularly medium-strength cantons which benefited from this growth last year.
New Records
In total, 43,416 new organisations were registered in Switzerland’s Commercial Register last year. It is 2,087 or 5.05% more than last year, which held the record so far. Overall, seven months of the last month hit record highs. The most popular registrations included limited liability company (GmbH) (share: 37.78%), sole proprietor (share: 31.84%) and public limited company (AG) (share: 21.24%).
Growth Especially in Medium-Strong Cantons
The growth was particularly high in cantons which, due to their percentage of new company formations, rank in the mid-range. The highest growth could be recorded in the canton of Zug (share: 5.14%; increase: 19.83%). Significant growth was also seen in the cantons of Basel-Land (share: 2.66%; increase: 11.37%), Valais (share: 4.60%; increase: 10.28%) and Aargau (share: 6.15%; increase: 7.53%). The canton of Uri was able to grow substantially despite its small total percentage (share: 0.28%; increase: 14.29%). The number of new company formations has also considerably risen in the cantons of Zurich (share: 18.04%; increase: 5.68%) and Vaud (share: 10.11%; increase: 5.18%), where most registrations usually take place.
Downturn in Cantons With the Lowest Number of Registrations and in Ticino
Some sort of recession could especially be seen in cantons where least companies are normally registered. The cantons of Obwalden (share: 0.47%; decrease: 15.06%) Nidwalden (share: 0.56%; decrease: 14.08%) and Glarus (share: 0.30%; decrease: 10.88%) are most affected. Only the canton of Grisons (share: 2.12%; decrease: 2.75%) and Ticino (share: 5.25%; decrease: 7.50%), which go over the 1% mark, have recorded a decline. Things seem especially worrisome in Ticino, as it is the only medium-strength canton that could not benefit from any growth.
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