Recently Russian Federation and the Grand Duchy of Luxembourg have signed protocol regarding the amendments in the double taxation rules. This Protocol was negotiated following a request from the Russian Federation due to a change in its conventional policy regarding withholding taxes on dividends and interest.
Switzerland is often considered one of the best locations for incorporating a company. It is a prestigious country with a relatively low tax rate and, above all, has a plausible reputation for the quality and security of its services.
Technology, subsidies, and excessive protection of local products have been the means of progress for Swiss agriculture. Currently, farmers in this country are the most supported farmers in the world, according to a report by the Organization for Economic Cooperation and Development.
Swiss holding companies provide certain tax benefits, especially depending on the canton where they are established. The canton of Zug is one of the preferred business locations for company registration, including for holding companies.
The Swiss business environment is perfect for multinational companies (MNCs).
Most global companies that are leaders in their respective fields choose to manage and practice their intellectual property rights from Switzerland.