Businesses operating or aspiring to operate in Switzerland must stay updated about its evolving culture, regulations, and economy. Understanding these changes allows you to adapt your business strategy proactively and succeed in the Swiss market. Read to learn some of the recent shifts in taxation, immigration policies, industry regulations, and consumer behavior
Starting a business from scratch can be challenging and time-consuming. However, you can purchase a ready-made company in Switzerland to begin your business operations quickly. The favorable government policies and Switzerland's strategic location facilitate successful business management across various industries.
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.
El año pasado, Suiza introdujo una nueva ley, la "ley blockchain". La aplicación de esta ley seguirá dos etapas: la primera, que ya tuvo lugar el 1 de febrero, y la otra, que se producirá en agosto. El 1 de febrero se introdujeron reformas en el derecho de sociedades. En la segunda fase, en agosto, el Estado pondrá en marcha mejoras de la infraestructura del mercado financiero. Esto permitirá a Suiza disponer de un sector de criptomonedas correctamente gestionado en el que todos los agentes estén plenamente informados de las oportunidades y los riesgos asociados.
All countries in the EU and Switzerland, are part of the VAT legislation requirements. And many other countries around the world have similar VAT systems. According to Swiss legislation, foreign companies need to be registered for VAT, but some companies can be part of an exception in case of services that they provide.
Last year, Switzerland introduced a new law, the "blockchain law". The implementation of this law will follow two stages: the first which already occured on the 1st of February, and the other to eventuate in August. Invoked on the 1st of February were reforms on company law. In the second phase in August, the State will put into effect upgrades of the financial market infrastructure. These will allow Switzerland to have a properly managed cryptocurrency industry where all actors are fully informed of the opportunities & risks associated.
Recently, Switzerland adopted a new DLT Regulations which sets the country as a leader in FinTech, Blockchain, DLT Technologies and other related programs. The new regulations will enter into force starting from this year.
Recently The Swiss Financial Market Supervisory Authority FINMA introduced a new regulation act under which is implementing the Financial Services Act FinSA and the Financial Institutions Act FinIA. Additionally, it is also issuing a new FINMA Financial Institutions Ordinance. They are supposed to enter into force on 1 January 2021.
In March 2020, Vladimir Putin, the president of the Russian Federation, addressed the nation to announce the main measures being taken to tackle coronavirus. As part of that, Vladimir Putin instructed the government to quickly initiate negotiations with foreign jurisdictions to amend Russia’s current DTTs to set the minimum withholding tax rate on dividends and interest paid from Russia at 15%.
Switzerland is one of the hardest hit countries by the novel COVID-19. Being a popular tourist destination, the state was hugely exposed to this contagion through visitors from all over the world. Whether the government did a plausible job to protect its economy or not, is not so hard to see if you look closely.
