Switzerland

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Country Knowledge

Our local member provided the following preliminary information about doing business in this country.
Please contact the firm for more information and obtain professional advice in each country concerned.
Our local member will be happy to help you proceed with your business!

General information

Languages :

  • English
  • French
  • German
  • Spanish

Population : 9 million

Currency: Swiss Franc

Current Exchange Rate to USD: 1:1

Standard corporate income tax rate:

Federal corporate income tax (CI)T: 8.5% on profit after tax (7.83% on profit before tax). Cantonal and communal CITs are added to the federal CIT, resulting in an combined effective tax rate between 11.9% and 21.0%, depending on the where the company is considered resident in Switzerland

Main tax incentives:

Yes

Other incentives:

Limited

Standard dividend withholding tax rates:

35 %

Branch taxation:

Yes

Standard Interest withholding tax:

None

Interest expense deduction rules:

Yes

Standard royalty withholding tax rate:

None

Laws and government

Civil law: Yes

State / provincial too?: Yes

Other infos about governmental layers:

EFTA

Data privacy rules?:

Yes

Data security rules?:

Yes

Standards & Tax treaties

Number of tax treaties: > 100

OECD MLI treaty signatory?: YES

Type of tax: VAT

Taxes on foreign products?: Import tax same as VAT rates

Taxes on foreign services?: If imported

Typical time and cost to incorporate a local private company: 2 weeks

Typical time and cost to register a branch of a foreign company: CHF 1,500

Typical business/tax/other issues in the country:

A typical issue is withholding tax of 35% on dividends from a Swiss company which can be reduced through refunds, based on the Double Tax Treaty (DTA) concerned, to 0% in some cases. This can take time and effort as first the 35% tax must be paid, then a refund requested. Solutions exist.

The information provided on this website is intended for general informational purposes only and should not be construed as professional advice. While our members make every effort to ensure the accuracy and reliability of the information presented, we cannot guarantee its completeness, timeliness, or suitability for any particular purpose.

We strongly recommend that you seek professional advice from a qualified expert in the relevant field before making any decisions or taking any actions based on the information provided on this website. Your reliance on any information presented on this website is at your own risk.

Please note that the information on this website is subject to change without notice, and we assume no responsibility or liability for any errors or omissions in the content. By accessing and using this website, you agree to release us from any and all claims, liabilities, and damages arising from your use of the information provided herein.

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