Offshore Company in Switzerland

18 Apr , 2024 - Fiduciaria Lago

Definition of offshore companies

Offshore companies are defined as companies, incorporated in a tax haven, whose registered office is different from the country in which they operate.

Generally, offshore companies are established in countries that grant favourable tax treatment or even complete tax exemption and do not provide for automatic exchange of information between countries.

Offshore companies in Switzerland

Switzerland today is no longer considered a tax haven. Activities are subject to a well-defined taxation system and there is an automatic exchange of information with many countries, including Italy.

With increased controls and the exchange of banking information, some of the offshore money has migrated mainly to Asia, to Singapore and Hong Kong.

In a context where transparency and compliance have become paramount, it can therefore be said that the concept of offshore companies in Switzerland is completely relegated to the past.

Offshore companies today

Attitudes towards offshore structures have changed considerably in recent years, both internationally and in Switzerland.

With the introduction of stricter regulations and the emphasis on financial transparency, offshore jurisdictions have been under increased pressure and scrutiny to adopt higher standards of tax compliance and anti-money laundering.

Offshore Today in Switzerland: Does This Possibility Still Exist?

While offshore jurisdictions have been forced to regulate and transform their practices to comply with international standards, Switzerland maintains its position as a major global financial centre.

However, the very concept of 'offshore' has been completely redefined.

Today, Switzerland is distinguished by its solid legal basis, political stability and regulatory transparency. Companies can still benefit from a number of trust and company instruments offered by the country and a lower tax burden than in other EU states, but not all of them.

However, it is important to note that offshore practices are now subject to a higher level of supervision and regulation. Switzerland has adopted stricter tax compliance and anti-money laundering regulations in line with international standards.

This means that companies and individuals must fully comply with applicable laws and regulations and operate in a transparent and accountable manner.

On the other hand, Switzerland continues to offer a range of tax incentives and facilities for businesses, making it an attractive location for international investors.

Opening a business in Switzerland today

In conclusion, although the concept of offshore companies in Switzerland is now a thing of the past, the Swiss nation remains a reliable and robust hub for wealth and corporate management.

With its solid legal foundations, regulatory transparency and wide range of corporate options, Switzerland continues to offer important investment opportunities.

Fiduciaria Lago with more than 25 years of experience specialises in the establishment and management of companies in Switzerland.

Contact us to book an appointment and receive a personalised consultation.

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