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Political Considerations When Incorporating in Switzerland |
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Switzerland is one of the favored investment locations in the world. It is entirely competitive in terms of setting up a business. The government has thoroughly ensured that more people and companies will be attracted to investing in Switzerland. The country has provided a favorable tax system for its investors and it boasts of having a strong government and social organization, competitive social and labor taxes as well as skilled, multilingual and educated work force. These factors make Switzerland an extremely lucrative country to invest in.
But what are the political considerations when incorporating a company in Switzerland? The relationship of the country with the United States is fairly strong. Admittedly, dialogues over assets derived by Switzerland during the Holocaust era as well as the World War II activities of Switzerland caused relative strain to the relationship between these two countries. Recently, however, Switzerland has displayed great interest on multilateral dealings in export controls, finance, human rights protection, law enforcement and others. It has also showed progressive interest in international engagements.
Despite the majority of its population’s dismissal of the European Economic Area Agreement (EEA), the government focused on securing mutual sectoral arrangements with the EU. It took four years in order to fully cover all aspects of the negotiations, including land and air transport, and free entry and movement of persons and agriculture. All negotiations were settled in 1998. The government of Switzerland is committed to a long-term membership with the EU. Foreign and offshore companies operating in Switzerland have not indicated any problem with Switzerland being a member of the EU. In fact, they are reaping any benefit they could get out of Switzerland’s EU membership. Companies wanting to incorporate in Switzerland or any individual wanting to open a company would find no difficulties in operating a business in an EU-member Switzerland.
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