Over the past few years, more and more companies have started to strategise ways by which they can escape giving their hard-earned profits to governments. This is the reason why many major global firms decide to set up their headquaters in low taxing jurisdictions like Switzerland. Switzerland is one of the most welcoming investment destinations for foreign investors due to its low taxation, a favourable economic legislature, among many other advantages.
All companies operating in Switzerland receive a business identification number (UID). The UID number will serve as the comapny's single identification number for all contacts with the administration and other authorities.
Despite Switzerland having one of the best business environments in the world, some businesses still find themselves having to shut down their Swiss operations for various reasons. Such circumstances are usually a result of mismanagement of the company, bankruptcy, disputes or loss of interest by the investors among many other reasons. The Swiss government has put in place several laws and regulations that apply to companies undergoing insolvency and closure. These rules address issues such as the responsibilities of directors and mechanisms to utilise when declaring bankruptcy.
The Swiss government supports a very attractive business environment through economic measures to encourage foreign investors to open companies or their subsidiaries in Switzerland.
Switzerland is strategically positioned at the crossroads of several European trade routes. This explains why it mainly relies on external exchange