Pfäffikon, Schwyz

For other uses, see Pfäffikon (disambiguation).

Pfäffikon at the Lake of Zurich

Pfäffikon is the principal town of the Municipality of Freienbach in canton Schwyz in Switzerland. Together with Wollerau, Pfäffikon is considered the principal town of the borough Höfe and the center of the region of Ausserschwyz. The former farm town is known today as cultural, economic and service center with its main focus on hedge funds. With 7,200 residents Pfäffikon is the third biggest town of the canton after Küssnacht SZ and Einsiedeln.

Politics

Pfäffikon, together with Wilen SZ, Freienbach, Bäch SZ and Hurden form the Municipality of Freienbach, but being the main traffic junction in the area it is the most important town in the municipality. 1848 Pfäffikon lost its independent status and was subsequently added to Freienbach. With important administrative and educational centers as well as one of the two fire departments of the canton in town, Pfäffikon became the second, northern center of the canton, especially since the principal town Schwyz across in the foothills of the Alps is relatively difficult to reach (via Biberbrugg-Rothenthurm). This resulted in Pfäffikon orienting itself more towards Zürich than Schwyz, causing political tensions. The closeness to Zürich as well as the low tax rates led to Pfäffikon's position as economic center of the canton.

Business location

LGT in Pfäffikon

With the lowest tax burden for companies and private individuals and ideally located between the dynamic Zurich economic area and attractive recreation areas, Pfäffikon represents one of the best business locations in Switzerland.

Taxation

Pfäffikon has very sensible government spending and has managed to always maintain a positive balance sheet. The large increase of tax payers and the amount of taxes paid by mainly the financial industry made it possible to lower taxes to the residents and businesses of Pfäffikon for 5 years in a row, resulting in the lowest tax rates of Switzerland.

Economy

Man Group in Pfäffikon

In the last 10 years Pfäffikon became an important financial center, especially for the Hedge Fund Business, and is considered today one of the most important fund-of-hedge-funds centers of the world with more than $90 billion assets under management. The economic boom started in Pfäffikon in the 1990s when Swiss banking regulations eased up. The closeness to Zurich as well as the low tax rates were also responsible for the rapid development, leading to some major financial institutions to relocate to Pfäffikon. The biggest and best known companies in Pfäffikon are OC Oerlikon, Man Group, Pamasol and LGT Group , Glacier Reinsurance, Charles Vögele and Markant AG.

Education

Pfäffikon offers 8 kindergarten, 3 primary schools and one secondary school as well one of the two cantonwide schools and an open university.

Transportation

The municipality is located on the A3 motorway.

Pfäffikon SZ railway station is a terminal of the Zürich S-Bahn on the line S5, a stop on the line S40 heading to Rapperswil, and on the lines S2 and S8 via Horgen on the left side of the Lake Zürich. The station is a 23 minute (RE Glarner Sprinter), 29 minute (InterRegio), 34 minute (S2), 43 minute (S5) respectively 42 minute (S8) ride from Zürich Hauptbahnhof.

External links

• Pfaeffikon-SZ
• Municipality of Pfäffikon