Lugano is the third largest financial centre in Switzerland. Indeed, most of Lugano’s 65.000 residents work in the service sectors of finance, trade and tourism. The most imprtant banks like UBS and Credit Suisse, as well as numerous international private banking institutions, have branches in Lugano. International commodity traders like Duferco, Filofibra and Interbulk along with well-known pharmaceutical concerns like IBSA and Helsinn are also located in Lugano. There is also a congress centre (Palazzo dei Congressi) and an exhibition centre where the themes of top events include tourism, hobbies, international trade, luxury goods and logistics.
Paradiso is a separate community which has developed into a very prosperous location over recent years, with several international concerns and holding companies moving in; coupled with low rates, a modern infrastructure and attractive leisure facilities. One big tax advantage is the possibility to apply global offsetting, and the fact that there is no inheritance tax in Ticino.
Lugano has its own local airport – Lugano-Agno – connecting Zurich via scheduled airlines and also available to private pilots. In addition, international Airport Milan-Malpensa is just 60 km away.
Lugano is strategically located with good train connections and two freeway exits. Paradiso has its own station and is just a few minutes drive to the Lugano South freeway ramp; without the need to cross the city.
Milan is just one hour away by car, Zurich 2.5 hours away, Liechtenstein 2 hours away and Munich, Germany 4 hours by car and Genoa only 3.5 hours away. Lakes Como and Maggiore are less than 45 minutes away.
Lugano is a new university town offering a national and international educational environment. As well as the USI (Italian University of Switzerland) with the faculties of communication technology, IT and architecture, there are numerous other tertiary education establishments such as the SUPSI (Professional University of Italy in Switzerland), TASIS –(The American School of Switzerland) in Montagnola, ESASO (European School of Avanzali) in Oftalmologia, the Franklin University( a private institution focusing on international relations, economics and history), the Conservatorio della Svizzera Italiana and the CSCS Centro Svizzero di Calcolo Scientifico division of the technical polytechnic.
The EOC Lugano regional hospital was formed from the unification of two former establishments, the Civic and Italian hospitals respectively. There are, however, other clinics in the city such as the Cardiocentro Ticino, specialising in heart problems, the Neurocentro della Svizzera italiana or the Clinica Luganese Moncucco e San Rocco private clinic specialising in acute pathology including intensive care. The health sector is rounded off by the various private institutions such as the Ars Medica Clinic, Clinica Sant’Anna, the independent rehabilitation clinic and the Ospedale Malcantonese.
The opening of the LAC Lugano Arts and Culture Centre saw the fulfilment of the town’s greatest dream, achieving a greater cultural and artistic significance for the area. The LAC offers both theatre and concert facilities combined with exhibition space. It is also the location of the OSI
Italian Swiss Orchestra and MASI Museum of Swiss-Italian Art.
As well as numerous water sports facilities such as powerboating, sailing, waterskiing, rowing, paddleboarding etc. Close to Lake Lugano, there are many activities available on terra firma including climbing, mountain biking and hiking in the surrounding mountains. There is an eighteen-hole golf club in nearby Magliaso, while all over the Lugano area are located many excellent restaurants with the emphasis on Mediterranean and Italian cuisine; or why not try the typical local wine cellars offering Ticino specialities. There are both international and German-speaking clubs offering a wide spectrum of leisure activities. Among the many shops in the Lugano old town are numerous designer outlets like Prada, Hermes, Montcler, Louis Vuitton and Bruno Cucinelli and gourmet retailers such as Gabbani oder Mion Frutta e Verdura.
Lugano offers a varied programme of events throughout the year. Among the highlights are the Estival jazz festival, the La Bacchica, Long Lake Festival and the annual Autumn Fair, Festa d’Autunno. The council announces the events via an online events calendar. With a Parco Guidino and an exercise track near the Residence Emerald Living, the Paradiso council provides its own swimming pool facility on the lake, as well as anchorage points, a small harbour and several public-access points on the banks of the lake which can be used for various events. Paradiso appraises the public of forthcoming events and themes via the internet.
These days tourism is one of the mainstays of Lugano’s economic activities. Numerous hotels and restaurants round off the wide range of Mediterranean leisure activities. Both Lugano and Paradiso feature cable cars up their respective mountain backdrops of Monte Brè and Monte San Salvatore. The local tourist office has detailed information on excursions and events both in the town and further afield around the region.