Since Switzerland is the place where many large multinational companies decide to establish their headquarters, due to the favorable taxation system, it comes as no surprise that some of the leading companies in various industry sectors are present in Switzerland.
Contrary to popular belief, purchasing real estate in Switzerland, particularly a house or a commercial property is quite difficult. The Swiss real estate market is strictly regulated. Owning a house in Switzerland is not something, considering more than 60% of the people living in the country usually rent their residence.
The pharmaceutical industry has a key role in the Swiss exports industry. In 2014, pharmaceuticals exports amounted to more than 70 billion CHF, which means that about one third of money earned abroad by Switzerland comes from pharmaceutical products.
The Corporate Tax Reform III has been approved by the Swiss Parliament. This tax reform was created in order to preserve Switzerland’s attractiveness as a location for multinational companies that want to take advantage of a more relaxed taxation.
Conducting business activities in Switzerland presents massive prospects for business-owners and firms looking to make investments in a lucrative and stable market. The following are some of the most pertinent facts concerning the legal regulations, tax policies and the general Swiss business setting in Switzerland.
The Swiss business environment is perfect for multinational companies (MNCs).
The legal form for a Swiss corporation is the “Aktiengesellschaft” (AG), which is governed by the Swiss Code of Obligations. This type of company is best suited for multinational corporations looking to expand their activity on the Swiss market.
Switzerland is offering one of the most competitive business environments, not only on European level, but also globally. This is a consequence of the business – friendly strategy adopted by the Swiss government.
The United States of America and the Swiss Confederation have signed a convention regarding the avoidance of double taxation concerning income taxes, which became effective on January 1 1998.
