Introduction
As we approach the end of 2024, we reflect on the key articles shared by our Switzerland office this year. Below are concise summaries of Dixcart Switzerland's 2024 articles, offering practical guidance on Swiss residency, trusts, and business opportunities.
1. Swiss Regulation: 2023 Overview and
What to Expect in 2024
Key regulatory updates for 2024 include VAT rate increases, a 15%
minimum corporate tax for multinationals, and the removal of import
duties to boost economic competitiveness. Reflections on 2023 cover
the Swiss-UK financial treaty, updates to the Federal Act on Data
Protection, corporate law reforms, and enhanced anti-money
laundering measures.
2. Setting Up a Business in
Switzerland
Comprehensive guidance on starting a business in Switzerland,
including legal structures such as sole proprietorships,
partnerships, and limited liability companies. Highlights include
essential steps for registration, tax implications, and adherence
to employment regulations.
3. Dixcart Gains Regulated Trustee Status
in Switzerland – Understanding the
Significance
Dixcart Trustees Switzerland (SA) attained regulated trustee status
from FINMA, aligning with Swiss structural and business-conduct
standards. Key advantages of Swiss trusts include confidentiality,
tax efficiency, and enhanced wealth preservation opportunities.
4. The Role of a Swiss Trustee: Exploring
How and Why They are Beneficial
Swiss Trustees play a pivotal role in estate planning, wealth
management, and asset protection. Switzerland's central
location, leading banking infrastructure, and strong commitment to
confidentiality make it an ideal jurisdiction for trustee
services.
5. How to Become Swiss Resident by Working
in Switzerland
Switzerland provides several routes to residency through work,
including employment with a Swiss company, forming a business, or
investing in one. EU/EFTA nationals benefit from easier processes,
while non-EU/EFTA nationals have stricter requirements. Taxation
differs by canton, and contributions through business activities
often benefit local economies.
6. Introduction of Swiss
Trusts
Swiss Trusts and Private Trust Companies (PTCs) offer secure asset
protection, confidentiality, and succession planning options.
Trusts under foreign laws are recognised in Switzerland, and
taxation depends on the residency of the settlor and beneficiaries.
FINMA-regulated Trustees uphold strict confidentiality and
compliance standards.
7. Guide to Establishing and Managing a
Swiss Company
Switzerland is an attractive location for businesses, offering low
tax rates, political stability, and a prime European location.
Incorporation typically takes three weeks, with options like SARL
or SA structures. Flexible labour laws, VAT compliance, and
favourable tax treatment for dividends and capital gains strengthen
the benefits of operating in Switzerland.
Additional Information
For additional details on any of these topics or assistance with related services, please contact Christine Breitler at our Switzerland office: advice.switzerland@dixcart.com.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
