Establishing business operations in Switzerland
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www.pwc.ch/china PwC solutions for establishing business operations in Switzerland Publications www.pwc.ch/china •Overview of the Swiss Tax System applicable to corporate taxpayers China business group contacts Corporate tax services Stefan Schmid Partner, Leader China Business Group Tel. +41 58 792 44 82 stefan.schmid@ch.pwc.com Transaction services Martin James, Partner Tel. +41 58 792 14 03 martin.james@ch.pwc.com Jiaye You, Manager Tel. +41 58 792 14 73 jia.ye.you@ch.pwc.com Business strategy review and validation Solutions that meet your business needs We review your business strategy and develop a market entry strategy for Switzerland. Business plan review and business modelling We help you to adjust/design your business model to establish business operations within Switzerland. Location planning within Switzerland We provide you with the necessary drivers to facilitate the selection of your business sites from the 26 cantons within Switzerland. Dealing with relevant authorities We assist you in designing and implementing a tax efficient business model accepted by the relevant authorities. This might include applications for tax incentives, filing of private letter rulings and assistance in obtaining work permits. Human resource services VAT services Stéphane Rinkin, Partner Tel. +41 58 792 94 30 stephane.rinkin@ch.pwc.com Designing effective mobility strategies, a transparent compensation system and attractive employee participation schemes, development of efficient HR strategies, tools and processes are challenges faced by multinational enterprises that we can help you to meet. Assurance services Felix Sutter, Partner Tel. +65 6236 7348 felix.sutter@sg.pwc.com Company law services Tax and business advisory services Lea Gebhardt, Manager Tel. +86 10 6533 3203 lea.gebhardt@cn.pwc.com Establishing business operations in Switzerland Our business law team provides assistance in relation to establishing and restructuring your business operations, encompassing topics like the incorporation of a new Swiss entity and the design of all relevant contracts for the new company and its envisaged business. Administrating your company Our professional expertise in administrative and finance processes, in accounting and payroll as well as in tax compliance matters facilitates management of all your company’s fiscal duties. Corporate finance and transactions Our M&A specialists help you find the best targets and facilitate contact. They design a deal structure that benefits both parties and assist you in performing due diligence work, and evaluating the target’s value and deal price. They provide negotiating and tender support and help to facilitate the whole transaction process. The benefits for you: •Market entry strategy perfectly aligned with your business objectives to gain a unique competitive position •Carefully chosen site for a tax effective set-up of your local business •Seamless integration of the Swiss operation into your international value chain •First class local implementation of your global business structure •Compliance with various fiscal duties and consideration of all legal regulations According to “The Global Competitiveness Report 2010–2011” released by the World Economic Forum (WEF) and the “2010 National Innovation Index” by the Chinese Academy of Science and Technology for Development (CASTED), Switzerland is one of the world’s most competitive economies. This top ranking demonstrates the consistent attractiveness of doing business in Switzerland and it is therefore not surprising that many large multinational companies have established Swiss business operations. The world’s most competitive economies 5.7 5.6 5.6 5.5 5.4 5.3 5.2 5.1 CH SWE SIN USA GER Having a presence in Switzerland permits companies to benefit not only from the stable economic and political environment, the effective banking institutions, the well established infrastructure and the state-of-the-art legal framework, but also from the exceptionally competitive tax rates combined with the advantages of Switzerland’s extensive treaty network and the bilateral agreements with the EU countries. This makes Switzerland an excellent choice for multinational enterprises. JPN FIN NL DK CAN PwC, as the largest professional services firm, both worldwide as well as in Switzerland, is the right partner for you if you envisage the establishment of business operations in Switzerland. Working with us, co-ordinated from one of our 15 offices in Switzerland, means that you can benefit from our know-how and our global network. Moreover, the local proximity of our offices to your business location as well as to the relevant local authorities ensures first class local implementation of your global business structure. Your company gets support from the moment you first consider setting up, expanding or reorganising your Swiss presence. Our experts in Switzerland provide you with high quality consulting services and facilitate smooth and efficient business establishments. Successful establishment of your Swiss business operation Market entry strategy Strategy validation and development Staffing of the Swiss business operation Are you looking for Switzerland’s advantages as a business location, but are not sure about your options? Do you want to capitalise on Switzerland’s top infrastructure and famous price stability? Do you know the applicable legal framework when assigning an EU or non-EU expatriate to Switzerland? A well-focused strategy helps to give structure on the way to achieving your objective. We offer strategy advisory services to help you develop your market entry strategy and gain a unique competitive position. Drivers for site selection Did you know that Switzerland consists of 26 cantons with different tax laws, each resulting in a different tax burden for your business? Site selection Choosing the right site location therefore has a direct implication for your group’s effective tax rate. We are pleased to assist you in preparing an overview of all relevant information necessary to make a firm decision when choosing the site of your Swiss business operation. Are you aware that the Swiss tax authorities welcome you to pre-discuss the tax implications of your operative business model prior to implementation? We offer to co-ordinate and deal with the authorities involved in the process of establishing a Swiss presence. This includes applications for tax incentives, filing of private letter rulings and assistance in obtaining work permits. Integration of the Swiss operation into the international value chain Business integration Is there potential to optimise your value chain? Do you need to integrate and streamline your processes? Do you have the optimal legal structure? Has your tax, VAT and customs set-up been reviewed? Integration of the Swiss operation into the international value chain requires detailed planning of all operational, tax and legal aspects. A state-of-the-art contractual framework and documentation of arm’s length inter-company transactions are prerequisites of a successful international business nowadays. We can assist you in designing a business model that fully suits your operational needs in a tax effective manner meeting national and international regulatory standards. If needed, we also provide company administrative services allowing you to focus on operational matters by outsourcing the administration of your Swiss business. Further, we can help you to design a business model that fully matches your group strategy. Establishing a Swiss business operation typically involves the assignment of highly qualified individuals to Switzerland. Staffing We can provide comprehensive advice to your group as well as to your employees, be it before, during or after assignment to Switzerland. We have broad experience in designing or optimising your global mobility policy, your employee benefit plans and preparing expatriates’ individual income tax returns. How to ensure compliance with tax and legal requirements in Switzerland Are you familiar with all the legal requirements for running a Swiss business? Such requirements include, for example, preparation of financial statements according to Swiss GAAP, compliance with various fiscal duties and consideration of all legal regulations that have to be followed when having a physical presence in Switzerland. We have specialists that can assist you as needed with all tax and legal compliance matters. Compliance www.pwc.ch/china Establishing Business Operations in Switzerland For further information on how to establish business operations in Switzerland, please call or e-mail one of the contacts listed on the right hand side. Stefan Schmid Partner, Tax & Legal Services Leader China Business Group Tel. +41 58 792 44 82 stefan.schmid@ch.pwc.com Martin James Partner, Advisory, Transaction Services China Business Group Tel. +41 58 792 14 03 martin.james@ch.pwc.com Stéphane Rinkin Partner, Tax & Legal Services, VAT China Business Group Tel. +41 58 792 94 30 stephane.rinkin@ch.pwc.com Jiaye You Manager, Transaction Services China Business Group Tel. +41 58 792 14 73 jia.ye.you@ch.pwc.com Lea Gebhardt Manager, Tax & Business Advisory Services China Business Group Tel. +86 10 6533 3203 lea.gebhardt@cn.pwc.com www.pwc.ch/china Establishing Business Operations in Switzerland Additional contacts from the different lines of service Legal Services Gema Olivar Pascual Tel. +41 58 792 43 77 gema.olivar.pascual@ch.pwc.com Corporate Finance Services Philipp Hofstetter Tel. +41 58 792 15 06 philipp.hofstetter@ch.pwc.com Assurance Services Felix Sutter Tel. +65 6236 7348 felix.sutter@sg.pwc.com Company Administration Services Brigitte Zulauf Tel. +41 58 792 47 50 brigitte.zulauf@ch.pwc.com Human Resource Services Hans Geene Tel. +41 58 792 91 24 hans.h.geene@ch.pwc.com Consulting Services Gustav Baldinger Tel. +41 58 792 16 13 gustav.baldinger@ch.pwc.com
