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India-Switzerland Partnership on the Rise

When India gained its independence, Switzerland established diplomatic ties with the country. On August 14, 1948, in New Delhi, India and Switzerland signed a Treaty of Friendship, marking an important moment in the history of Indo-Swiss relations and one of the first such agreements signed by an independent India.

Apart from the EU, Switzerland is a significant trading partner for India. With total bilateral commerce of US$ 23.2 billion in 2014–15 and US$ 19.32 billion (April–Feb., 2015–16) in product exports, bullion and IT services, and software exports, Switzerland ranks as India’s fifth-largest trading partner. Switzerland is also relied on India for better Employer of Record service.

High-level visitation exchanges have given the bilateral cooperation a boost. On June 5–6, 2016, Hon. Prime Minister Shri Narendra Modi traveled to Geneva, Switzerland, on an official visit. Being the first bilateral visit to Switzerland by an Indian prime minister in many years, this was a momentous occasion. A formidable delegation accompanied the Honorable Prime Minister. The prime minister’s schedule was jam-packed with events like a Business Round Table featuring top Swiss companies, the majority of which have a significant presence in India, highly productive bilateral meetings with the president of the Swiss Confederation, H.E. Mr. Johann N. Schneider-Ammann, press conferences with the leaders, and a meeting with Indian research scholars based at CERN.

Switzerland Businesses Preferring Indian Talent

Medical Care

India has an abundant supply of medical personnel, such as physicians, nurses, and medical technicians. Healthcare organizations in Switzerland frequently utilize this talent pool to fill skill gaps and improve diversity in their staff.

Technology and e-commerce

India is well known for its highly qualified software developers and thriving IT sector. Software development, IT infrastructure management, and e-commerce solutions are among the areas where Swiss enterprises, especially those in the technology and e-commerce industries, use Indian talent.

Finance and Consulting

Professionals in the fields of investment banking, financial analysis, risk management, and strategic consulting are becoming more and more prevalent in India. Indian talent is highly valued by Swiss firms due to their analytical abilities, domain expertise, and flexibility in adjusting to global financial markets.

Education and Research

Research excellence and creativity are highly valued in Switzerland, and Indian researchers and scholars make major contributions to a wide range of academic subjects. Universities and research centers in Switzerland frequently work with their Indian counterparts and hire Indian personnel for projects involving teaching, research, and innovation.

Hospitality

India is well-known for its hospitality sector, which produces highly qualified experts in the fields of culinary arts, hotel management, and hospitality services. Indian talent is sought after by Swiss hospitality companies, such as upscale hotels and resorts, due to their proficiency in providing outstanding guest experiences and handling a diverse clientele.

Reasons Why Switzerland Businesses Opting for India

Market Potential: India offers a vast and diverse market with a rapidly growing middle class and increasing consumer spending. This presents attractive opportunities for Swiss companies looking to expand their customer base and increase their market share.

Access to Technologies: India is known for its strong IT and technology sector, with a burgeoning ecosystem of startups and established firms. Swiss companies can leverage India’s technological expertise and innovation ecosystem to access cutting-edge technologies, collaborate on research and development projects, and enhance their capabilities.

Cost-effectiveness: Operating costs in India are generally lower compared to many Western countries, including Switzerland. This cost advantage can be significant for Swiss companies in terms of manufacturing, outsourcing services, or setting up research and development centers.

Skilled Workforce: India boasts a large pool of highly skilled and educated professionals across various industries, including engineering, IT, healthcare, and finance. Swiss companies can tap into this talent pool to fulfill their staffing needs and drive innovation within their organizations.

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Our Services Provided to Switzerland

Compliance Assurance

Implementing comprehensive compliance frameworks tailored to Switzerland regulations and standards. Conducting regular audits and assessments to ensure adherence to legal requirements. Providing guidance and support to navigate complex regulatory landscapes, such as GDPR, tax regulations, and industry-specific compliance mandates. Offering ongoing updates and training to keep clients informed about regulatory changes and best practices.

Risk Mitigation

Identifying potential risks through thorough risk assessments and analysis. Developing customized risk management strategies to mitigate identified risks effectively. Implementing robust security measures to protect sensitive data and assets from cyber threats and breaches. Offering contingency planning and crisis management support to minimize the impact of unforeseen events.

Streamlined HR Processes

Implementing cutting-edge HR technology solutions to streamline recruitment, onboarding, performance management, and payroll processes. Providing expert guidance on HR policies and procedures compliance with Switzerland employment laws. Offering HR consulting services to optimize workforce management strategies and enhance employee engagement and retention. 

Flexibility and Scalability

Tailoring services to meet the unique needs and preferences of each client. Offering scalable solutions that can adapt to fluctuations in demand or changes in business requirements. Designing solutions that can grow and evolve alongside clients’ businesses. Leveraging scalable technology platforms and infrastructure to support expansion efforts seamlessly.

Local compliance

Why is Remunance a Reliable Partner for Switzerland Businesses?

Expertise in Indian Market: Remunance has specific training and experience in handling the intricacies of the Indian business environment.

Commitment to Compliance: Remunance places a high priority on following rules, making sure Swiss companies comply with regional statutes and ordinances.

Tailored Solutions: Remunance provides tailored solutions to satisfy the particular requirements and objectives of every Swiss company they work with.

Streamlined Processes: Remunance employs effective procedures to improve client productivity and streamline operations.

Dedicated Support: Remunance offers businesses in Switzerland devoted support at every stage, including help and direction.

Proven Track Record: Remunance’s track record of thriving collaborations and contented clientele attests to their dependability and expertise.

Our Success Stories

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Remunance X Medtigo, the success story of building a remote team

Building a team can be a tedious task, especially if you have to build one that is an expert in the medical domain! In this video we present you with a fantastic story highlighting the complete journey from discovery to delivery as to how this fantastic team came into existence.

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Best PEO (Professional Employer Organization) in India - Formaliti

PEO offered more flexibility & reliability while building a team in India. Formaliti got the exact talent they were looking for in India to start with, Remunance PEO helped Formaliti saved time as well as proved to be more cost-effective than outsourcing.

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Success Story | PEO to Forming a subsidiary in India | IntervalZero

Jeff from IntervalZero describes the journey of American startup with Remunance, how they set up their base in India which later turned into a wholly-owned subsidiary of IntevalZero saved time as well as proved to be more cost-effective than outsourcing.

FAQs

How can Remunance ensure that local laws are followed?

Remunance maintains a network of legal experts and monitors labour laws and regulations in every country in which we conduct business. We ensure that all employment regulations, tax laws, and other statutory duties are strictly adhered to in order to minimise any risks for our clients.

How may Remunance assist companies in managing their foreign payroll?

Remunance simplifies worldwide payroll processes by combining payroll operations from numerous countries onto a single, uniform platform. We simplify payroll management for our clients by making sure that payments are made accurately and on schedule while adhering to local tax laws.

Can Remunance assist in bringing on and letting go of staff members?

Indeed, Remunance oversees every step of the employee’s lifetime, including onboarding and offboarding. To guarantee a seamless transition for the company and the employee, we handle contracts, paperwork, and employee documentation.

In which nations does Remunance provide its EOR service?

Around the world, Remunance offers EOR services in several nations, including but not limited to the US, UK, Canada, Australia, Germany, France, Singapore, and India.

What is the Employer of Record (EOR) service offered by Remunance?

By serving as the official employer for their overseas employees, Remunance’s EOR solution enables businesses to swiftly and legally grow their worldwide workforce. We take care of compliance, payroll, taxes, and benefits, freeing up your staff to focus on your main business operations.

Explore the potential of your India chapter!

 

Our experts can help you navigate through the Indian talent market while providing the best and the most viable solutions for your business, grow your team smoothly with Remunance.

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