Switzerland is known for its independence, its political stability, its precision and efficiency. Its highly professional and multi-lingual workforce serves traditionally with dedication and discretion.
In 2007, Switzerland ratified The Hague Convention on the Law Applicable to Trusts and Their Recognition. On 22 August 2007, the Circular no. 30 was issued, laying down the principles applicable to trusts that hold assets for resident and non-resident clients and which are administered in Switzerland. The Circular clearly confirms that asset values and earnings are not subject to taxes with the trust or trustee (principle of transparency). Over the years, Switzerland has established itself as one of the leading countries in the field of international estate planning. With more than 1’200 STEP members, Switzerland is considered the fourth largest country with qualified Trust and Estate Practitioners (TEP) after the U.K., Canada and the US.
With a corporate tax rate of about 12% - 15% and an extensive network of Tax Treaties, Switzerland has positioned itself as a well-respected and competitive jurisdiction.
Its high-quality banking system and its extensive Bilateral Investment Treaty (BIT) network makes the country a destination of choice for asset protection purposes.
Finally, the stability of Switzerland has for more than 150 years, attracted international and non-governmental organisations (NGOs) such as the Red Cross (active in the country since 1863), the World Trade Organisations (WTO) and the United Nations (UN). Today Switzerland is one of the foremost centres of global governance and frequently hosts international conferences.
As a founding member of the European Union and leading international economic organisations (such as the OECD), Luxembourg has proven to be a stable, attractive, and multicultural state. With more than 140 private banks, the country has positioned itself as one of the world’s largest and most recognised financial centres. It has developed over the years a successful fund administration and “FinTech” industry. The recent introduction of the MiFID II package has further improved investor protection and made the Luxembourg financial market even more efficient, resilient and transparent. The country’s flexible and attractive legal, regulatory and tax regimes and its extensive network of Double Tax Treaties (DTT) and Bilateral Investment Treaties (BIT) make the country particularly attractive for complex international structuring.