Introduction To Zug
Zug is a primarily German-speaking city in the country of Switzerland. The name ‘Zug’ is kind of a strange one, and it comes from local fishing vocab. In medieval times, it basically referred to the right of fishermen to ‘pull up’ their fishing nets, and, of course, the right to fish.
The city of Zug is situated in Zug Canton, and it is the capital of the Canton of Zug. It has a population of roughly 27,500 residents.
Nowadays, Zug is highly sought after as a place to live. It is a well known business area and an attractive area of the country to live in. The foundations for this kind of success were laid down in the 1920s. Just like the pioneering Glarus Canton, the Zug Canton lowered their tax rates for domiciled and holding companies. The revision to the tax law after World War II was of great benefit to those companies.
Zug Went From A Poor Place To The Wealthiest Canton
Zug has a tax policy that is very friendly to business, and it was particularly effective for turning Zug into an economic monster. Zug turned itself into the richest canton after being the poorest. It became the wealthiest canton in 1990. Zug was even having trouble in the 1960s. Zug has the lowest income tax rates in Switzerland.
There are almost 30,000 companies in Zug, and 17,000 of those are stock exchange-listed companies. Of the roughly 83,000 jobs, almost 75% of those were in services. There are over 37,000 people that come to work in Zug every day, and 12,000 of those individuals are from the Lucerne canton.
There are some big museums in Zug: The Museum of Cultural History, the Zug Art Gallery, and the Museum of Prehistory. A number of municipalities have local museums of their own.
Zug has a lot of beautiful scenery that surrounds it. It is has mountains, rivers, and lakes. People can visit the Choller nature reserve that is near Lake Zug as well.
Sights inside the city are the church of St. Wolfgang, the old town of Zug, and the feudal estate of the Zurlauben family.
Be sure to try the cherry cake when you’re there. There are a number of local specialties to sample and savor while you’re in Zug. Try the Zug ‘Rotel’, a charfish, that is found on several local menus. One of the best parts about visiting different parts of the world is that you get to try the tasty cuisine there.
Zug Photo Gallery
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