Cantons with the lowest tax in Switzerland
The cantonal laws and tax rates in Switzerland may vary considerably from one canton to another, which is why it’s important where it’s best to found a company in Switzerland.
The cantonal laws and tax rates in Switzerland may vary considerably from one canton to another, which is why it’s important where it’s best to found a company in Switzerland.
Double taxation refers to the fact that two countries collect simultaneously taxes on the same company. This situation often arises when companies have subsidiaries or branches in various countries.
Subsidiaries are legal entities with capital that is partially or totally owned by foreign companies. However, the management of the subsidiary is not conditioned by the foreign capital, and the entity is able to handle business contracts, hire employees or issue and transfer shares.
Switzerland offers many business opportunities for companies and corporations, which operate in various fields of activity. Therefore, registering a company in Switzerland is a smart business move, especially for companies looking to expand their activity abroad.
The Swiss federal Council and the Government of the United Arab Emirates have decided to conclude a Convention in regard of the avoidance of double taxation with respect to taxes on income. The UAE is one of Switzerland’s most important economic partners in the Middle East, therefore a double taxation convention is meant to enhance bilateral economic relations between the two countries.