The low level of taxes represents a traditional advantage of Switzerland compared to other developed countries in efforts to attract large companies. Moreover, between the Swiss cantons is a continuous "fiscal struggle" for the lure of big investors.
Starting a business in Switzerland is not a difficult process. However, opening a company is time-consuming and usually, you need a lot of help, taking into account various factors.
Switzerland is often considered one of the suitable locations for incorporating a company. It is a prestigious country with a relatively low tax rate and, above all, has a well-known 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), allowing them to use a single number to be identified for all contacts with the administration and all administrative units.
The Swiss voters approved in a referendum, on May 2019, a tax reform package to eliminate what the Ministry of Finance has called an existential risk for the country role as a financial and business center.