Respectability of the European company (it is provided by the high international authority of Switzerland).
Stability of political, legislative and economic system.
Opportunity to use the company as a holding, non-resident, nominal.
Favorable labor and economic environment with a highly developed legal system and corporate law.
Switzerland has signed 42 agreements (including with Ukraine), which allow avoiding double taxation. They fully comply with international standards. 34 contracts have entered into legal force.
Absence of exchange control.
The developed infrastructure (road network, railways, airports, international port)
Switzerland is not included in the black lists of FATF and OECD. The jurisdiction has been involved in the Hague Convention since 1961.
Annual reporting and audit
Each company must maintain accounting records and prepare annual financial statements.
Main Aspects of Automatic Exchange of Financial Information under the CRS
In September 2017, a significant event for financial institutions around the world took place - the first automatic exchange of information for tax purposes in accordance with the CRS (Common Reporting Standard). The source of information exchange were banks, as well as other financial institutions (pension funds, investment and insurance companies, etc.). The second large group of countries is also joining the process of automatic information exchange in 2018.
CRS provides for an annual...
Analysis of exchange of tax information and investment in exchange for citizenship, taking into account the first results of the discussion organized by the OECD
Back in the first quarter of 2018, namely on February 19, 2018, a draft of advisory document was published on the official website of the Organization for Economic Cooperation and Development (OECD), which called on all interested parties to join the discussion on the OECD strategy for combating the loopholes on using the Common Reporting Standard (CRS, Single standard of tax information exchange) in the “citizenship by the investment” (CBI - granting citizenship in exchange for...
The Fifth Anti-Money Laundering Directive Has Been Adopted
After the approval of the agreed text by the Parliament on April 19, 2018, the European Council adopted a Directive on 14 May, 2018, regulating the European rules aimed at preventing money laundering and terrorism funding. These rules are the fifth in a series and the latest update of the European Anti-Money Laundering Directive, for which they have received the name 5AMLD.
5AMLD is aimed at improving the security in Europe by stopping the financing of criminal activities without preventing...
Tax planning: optimization, minimization and avoidance of taxes
Taking into account an extremely unstable tax legislation of Ukraine, more and more business owners are thinking about tax planning for their enterprise or holding. Tax planning is the process of choosing the most optimal form of taxation and reducing the tax burden on business by using certain methods.
Methods of tax planning for business
The methods or ways by which tax planning is implemented can be conditionally divided into:
tax optimization;
tax minimization;
tax...
