In September 2020, the Swiss Parliament approved the new regulations for Blockchain and Distributed Ledger Technology (DLT Framework). Thereby, Switzerland has taken a further step to remain a key jurisdiction for FinTech, Blockchain, and DLT Technologies and respective projects.
Switzerland is a Federation with 26 different Cantons. Each Canton has a different tax rate and agenda. Canton Schwyz has a long history policy that benefits companies.
Switzerland’s economy is thriving thanks to its unique system of government, liberal economics, and successful education. But at the same time, it also needs to learn from the Israelis how to take risks and initiate the business world.
In the public vote on May 19, 2019, the Swiss voters approved the Federal Act on Tax Reform and AHV Financing (TRAF).
So you thought of an idea, establish a company, and started the startup activity.
VAT rates will be reduced from 1 January 2018.