This legal form exhibits some similarities with a trust, at the same time it delivers some benefits in the same manner as a company. The foundation consists of a combination of particular aspects of a trust and a company. Foundation may be served as an efficient tool to manage the rights of shareholders, immovable property, or family inheritance.
The companies established abroad suggest many advantages, including the protection of offshore assets, confidentiality, tax optimization, and effective business development outside the EU.
A Swiss offshore company delivers great privacy advantages. Lots of offshore entities will not disclose the identities of company representatives to a third party or foreign authorities. However, there could be exceptions, for instance, in the case of a terrorism investigation.
It should be noted, that there are offshore jurisdictions that offer more stability than others. It is depending on political and economic realms. Moreover, there are many factors that could heighten the risks of money loss, including physical distance, authorities, local customers.
Additional risks for these legal entities are similar to those for onshore corporations. It involves risks related to the market, interest rates, credits. It should be noted that there are serious tax risks related to the management of non-Swiss firms from outside of the state. In accordance with the provisions of Swiss legislation, a legal entity has its tax residence where comprehensive administration and management of the company is brought into action. The legal entity requires the control of day-to-day activities.
Thus, setting up directors’ meetings in Liechtenstein half-yearly, for instance, or submitting decisions on a remote island can not provide support with the formation of a place of administration outside Switzerland and control it in concordance with a tax law of Switzerland.
In order to gain success with offshore company formation, the assistance provided by experienced experts is needed. If the representatives of the offshore company are looking to reduce tax rates, tax optimization suggests legal support on every stage of business development. Moreover, specialists offer unique and effective solutions for businesses to comply with Swiss legislation. For more details and assistance concerning DTT and company formation in Switzerland, you can reach out to our specialists. Our team is ready to provide you with all the important information and assistance you might need.