Increase of 4.6% in the number of business start-ups in the third quarter of 2019 in Switzerland

CRIF AG has looked at how many new businesses were established in the third quarter of 2019 and how many companies went out of business.

All in all, 10,133 companies were set up in Switzerland during this time. This represents an increase of 4.6% compared with the third quarter of 2018. A total of 7,594 companies were also removed from the Commercial Register during the same period. This is 15.9% more than in the same period of the previous year. This steep rise in company removals is reflected in the figure for the net increase in the number of companies.

Overall, fewer businesses may have been founded in the third quarter of 2018 than had been in 2019, but the resulting net increase in the number of companies was 3,137. In the third quarter of 2019 on the other hand, the net increase was just 2,539 companies. This represents a fall of just under 20%.

Most of the new entries were registered in the cantons of Zurich (1,813), Vaud (1,135) and Geneva (920). A comparison of the number of business start-ups in the 3rd quarter with those founded in the 3rd quarter of 2018 shows that the highest growth was experienced in the canton of Vaud, with 181, followed by St. Gallen with 108 and Ticino with 71 new companies. On the other hand, there was a fall in the number of new companies set up in the cantons of Zug (-58), Valais (-40) and Basel-Landschaft (-29) when compared with the 3rd quarter of 2018.

Read the entire analysis on crif.ch website.