Foreign Direct Investment Regimes 2025

1. Foreign Investment Policy

1.1 What is the national policy with regard to the review of foreign investments (including transactions) on national security and public order grounds?

Switzerland is one of the world's largest recipients of foreign investments and one of the world's largest investors abroad. Accordingly, Switzerland has so far maintained a policy of openness towards foreign investment. Currently, there is no generally applicable law regarding the screening of foreign investments. There are, however, sectoral laws regulating or restricting foreign investments, particularly in the banking and real estate sectors, and in telecommunications, nuclear energy, radio and television, and aviation. Under Swiss compe­tition law, the merger of independent undertakings or the acquisition of direct or indirect control over an undertaking is subject to control by the Swiss Competition Commission ("ComCo") if certain thresholds are reached.