Blog posts

Gift tax is a specific kind of taxation existing in France. This kind of taxes usually levy on gifts received by the swiss residents and can vary from each Cantone. Luckily, not all gifts are taxable in Switzerland. Gift taxes were imposed by the government in order for heirs to stop avoiding taxation, in case they receive an immovable property or great amount as an inheritance. The gift tax almost applies to every Canton except for Schwyz and Lucerne, these Cantons are tax exempted under the swiss legislation. But many locals believe that a gift tax is unfair and as for many countries such a definition is don’t even exist.

Starting a business from scratch in any country is certainly not easy and can be time-consuming. Fortunately, in Switzerland you have the option to buy a ready-made company and quickly start your business operations. The favourable government policies and the country’s geographical position make it easy to run a successful business for almost any activity in Switzerland.

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.

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