Switzerland has decided to permanently quit joining the European Union, formally withdrawing a request made in this regard, sitting in the drawers of EU’s officials buried for 24 years.
The choice of location for a business has become extremely important in today’s competitive economy. Switzerland offers many unique advantages for entrepreneurs willing to invest in the country, on economical, political and social level.
Managing a Swiss company automatically implies having a board of directors, as it is one of the legal requirements in order to incorporate in Switzerland. Company shareholders appoint the company directors. However, company directors must meet certain requirements, depending on the type of company.
In June 2016, the Swiss parliament passed the final corporate tax reform package meant to strengthen Switzerland as a competitive business location for foreign companies or entrepreneurs. The tax reform plan (CTR III) includes several tax reform measures related to the federal and cantonal tax laws.
The Swiss VAT system follows the European VAT Directive. Nevertheless, there are some important differences that need to be addressed, especially when it comes to foreign suppliers of goods and services
The employment Law is the most important element that governs employment in Switzerland for residents and for foreign nationals. Any foreign individual is allowed to work in Switzerland only after signing the Swiss individual contract of employment.