Zürich – Switzerland’s Business Metropolis

JETRO Seminar14. November 2006

Office for Economy and Labor of the Canton of Zürich - Economic DevelopmentWalchestrasse 19, 8090 Zürich, Switzerland, Phone: +41 (0)43 259 49 86, Fax: +41 (0)43 259 51 71, E-Mail: thierry.delley@vd.zh.ch, www.location.zh.ch, www.awa.zh.ch

Agenda

¢ Did You Know That…?¢ Zürich: Home to…¢ Quality of Living¢ Purchasing Power¢ Infrastructure¢ Life Science landscape¢ Zurich – Location of Excellence

Did You Know That…?

85 of the 100 largest companies

180 km fromMediterannean sea

45 minutesto a ski resort

The financial center of Switzerland

Science CityETH Zürich N° 1

3.7 million peoplewithin one hour’s drive

…Internationally Known Global Companies

Zürich: Home to...

Zürich offers an Outstanding Quality of Life

Highest Quality of Life

¢ Zürich ranked 1st for the fifth consecutive year

City (New York = 100)

Zurich

Amsterdam

Brussels

Paris

London

New York City

Index 2006 for overall quality of life

108.2

106.8

105.7

105.6

102.7

101.2

100

Rank

1

8

13

14

33

39

46

Munich

categories included: • politics• social environment• economics• socio-cultural environm.• medical & health • schools & education• public services• transportation• recreation• consumer goods• housing • natural environment

Source: World-wide Quality of Life Survey 2006, William M. Mercer: The study (next in Fall 2006) is based on detailed assessments and evaluations of 39 key quality of life determinants.

A Vibrant International City with Quiet Retreats¢ James Schiro, CEO, Zürich Financial Services

“The nice thing about Zürich is that I can get up at 6 am, work out in the neighbourhood park, take a walk with my dog, have breakfast with an astonishing view over the lake – and still be at my office at 7.30 am. In New York, this would be impossible.”

Highest Quality of Life

Zürich - Highest Purchasing Power Worldwide

Highest Purchasing Power

*Net hourly pay divided by the cost of the total basket.

Hourly pay net* (Zürich = 100)

100.0

92.5

76.3

75.2

73.7

66.0

City

Zürich

Geneva

Frankfurt

New York

Amsterdam

Tokyo

65.3

39.2

London

Singapore

High Disposable Income

Highest Purchasing Power

¢ Example - In order to receive net EUR 100,000 a gross income of only EUR 130,000 is needed

Net Income (EUR)

€ 100,000

€ 100,000

€ 100,000

Gross Income (EUR)

€ 130,000

€ 200,000

€ 153,000

Place

Zürich

Germany, Italy & France

USA (Massachusetts)

Zurich - 2nd Best European Airport (Airport Council International)

Direct Flights to Asia

BangkokColomboDehliHong KongKarachiKuala LumpurMumbai IndiaSeoul KoreaSingaporeTaschkentTokyo

ZH

Outstanding Infrastructure

Commutes seldom exceed 30 min. door-to-door

Outstanding Infrastructure

City

45 km

60 k

m

International Schools Canton of Zürich

Education

Japanische Schule , Uster

Inter-Community School Zürich, ZumikonInternational School,

/

Horgen / Wädenswil

ZürichInternational School, Kilchberg/ Horgen/ Wädenswil

LycéeFrançais de Zürich, Gockhausen

Wallisellen International School, Wallisellen

International School Winterthur , Winterthur

-Community School Zürich

/

,

International SchoolWinterthur (ISW)

Japanese SchoolUster

Swiss International School –Zürich North, Wallisellen (Z&I)

Zürich International School (ZIS)Kilchberg/Horgen/Wädenswil

Dayschool Ages: 3-18

DayschoolAges: 3-18

DayschoolAges: 3-15

DayschoolAges: 3-15

DayschoolAges: 3-15

DayschoolAges: 3-18

In addition more than 10 Bilingual Schools and Pre-Schools

Ages: 3-18

Inter-Community School of Zürich(ICSZ), Zumikon

British Matura, 10th school yearAges: 15-90

Hull’s School Zürich

Lycée Français de ZürichGockhausen

Bilingual/English College with SwissMatura or IB-DiplomaAges: 12-18

SIS – Swiss InternationalSchool at Institut Minerva Zürich

Corporate Income Tax

Attractive Taxation

Source: KPMG’s Corporate Tax Rates Survey - 2003

Taxation System

0%

10%

20%

30%

40%

50%

60%

70%

Zuric

h

Base

l (BS,B

L)

Southe

rn Ca

lifornia

New Je

rsey

Bosto

n

New Yo

rk

SF Ba

y Area

Gene

va Re

gion

Lond

on

Oxford

Cambri

dge

Vienn

aPa

ris

Munich

Milan

Øres

und

1990 2003

IB taxation index – highly qualified manpowerEffective average tax rate in percent for a highly qualified employee (available income after taxes: 100‘000 EURO; single)

Life Science Switzerland

Biotech Medtech

Medtech Industry

1)Swiss Biotech Report 20062)Swiss Medtech Database

>$ 250 Mia. >$ 600 Mia. Marktpotential

8 - 12 % 15 - 18 % F&E-Quote

CHF 6.5 Mia. CHF 6 Mia. Umsatz

40'000 14'400 Mitarbeiter

500 229 Unternehmen

Medtech 2)Biotech 1)

Swiss Biotech vs. Medtech industry

Powerhouse Zurich

ETH N° 1 University in Continental Europe

12 “Technoparks” Scientific Expertise21 Nobel Prizes

R&D hot spot

Science CityCampus

Life ScienceCompetence Center

Tradition and Vision

¢ Traditional Swiss field of precision mechanics¢ Global Medtech Players

- Nobel Biocare- Phonak Hearing Systems - Zimmer (ex Centerpulse)

Zurich - Prime Life Science Location

Biotech 1) Medtech 2)

Unternehmen 50 120 Mitarbeiter 1'200 10'000 Umsatz CHF 150 Mio. CHF 3.5 Mia.

Medtech Industry I

¢ Research excellence and practice related education¢ High qualified recruiting pool, strong work ethik ¢ Firstclass research environment¢ Clusterinitiative - toolpoint

- industrydriven Association network– 20+ member companies- 40 % global market share in liquid handling - Members like Mettler-Toledo, Tecan, Qiagen, Hamilton- Joint knowledge transfer, R&D projects, recruiting talents- Close collaborations with different universities

Supporting location factors

Medtech Industry I

¢ Co-Me network of 30 leading clinics / engineering sites¢ Strong links to industry and international partners¢ The leading house ETH Zurich

The National Centre of Competence in Research

University of Applied Sciences Winterthur

¢ Institute for Mechanic Systems¢ Traditional (Precision)-Medtech Location

Global Medical Forum in Rueschlikon-Zurich¢ Annual core meeting of Global Health Care Leaders

Further Information about Zürich

Thank you

¢ Canton of Zürich - www.location.zh.ch¢ Zürich Tourism - www.zuerich.com ¢ Work Permits: - www.workpermits.zh.ch¢ Handyguide to Zürich – www.welcome.zh.ch¢ Greater Zürich Area - www.greaterzuricharea.ch