On May 19, 2019, Swiss voters created the basis for the cantonal implementation of the tax reform, once the federal law on this reform was adopted. Thus, the effective integration of the tax reform takes place through its implementation in the cantonal tax laws.
The low level of taxes represents a traditional advantage of Switzerland compared to other developed countries in efforts to attract large companies. Moreover, between the Swiss cantons is a continuous "fiscal struggle" for the lure of big investors.
Starting a business in Switzerland is not a difficult process. However, opening a company is time-consuming and usually, you need a lot of help, taking into account various factors.
Switzerland is often considered one of the suitable locations for incorporating a company. It is a prestigious country with a relatively low tax rate and, above all, has a well-known reputation for the quality and security of its services.
In recent years, more and more entrepreneurs chose to set up companies abroad, wanting to benefit from certain tax or legal advantages, which in some cases may even be favorable to foreign investors.
All companies operating in Switzerland receive a business identification number (UID), allowing them to use a single number to be identified for all contacts with the administration and all administrative units.