“Advocate for International Business”


“The Swiss Franc”

The recent move by the Swiss National Bank to no longer peg the Swiss franc to the euro caught almost everyone by surprise. Since the three-year-old mark of 1.20 Swiss francs to the euro ended, we have received many questions regarding this issue and thought it more than appropriate to discuss in this forum. In our opinion, the recent move to free the Swiss franc has no impact on anyone doing business in Switzerland other than normal currency risk. Obviously, however, initial costs of facility and employees may increase if moving from US dollars or euros to the Swiss franc.

Here is an article that you may find interesting: The Economist

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Corb7 International, Inc. is headquartered in Beverly Hills, California. Corb7 International, Inc. is a highly specialized firm that structures private international banks and insurance organizations, in order to diversify their clients' business interests and offer innovative solutions. The advice of this and all our publications has been developed from sources believed to be reliable but it cannot be guaranteed. Such information and advice is always subject to new interpretation, court decisions and legislation. Corb7 International, Inc. does not give legal or tax advice. Any loss, risk or liability taken by an individual who acts on information in this and all our publications is disclaimed by Corb7 International, Inc. DISCLOSURE: We are grateful to be of service and bring you content free of charge. In order to do this, please note, we may be an affiliate for products which our firm recommends. If you purchase those items through our links we will earn a commission. You will not pay more when buying a product through our link. In fact, oftentimes we are able to negotiate a lower rate (or bonuses) not elsewhere available. Plus, when you order through our links, it helps us to continue to offer you ideas free of charge. Thank you, in advance for your support.

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