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Switzerland Reaches Out To Over-Taxed HNWIs

Thursday, October 6, 2011

Swiss cities including Bern, Lausanne, Lugarno and Lucerne have launched a new marketing campaign promoting the low taxes and the business benefits of moving to Switzerland, targeting UK companies and wealthy individuals suffering from a serious case of the fiscal blues.

Relocate to Switzerland (UK) Ltd, in partnership with the Swiss cantons Vaud, Lucerne, Ticino and Bern will host a half-day conference on Wednesday October 12 at the Westbury Hotel Mayfair, London to explain the benefits of the Swiss tax system and lifestyle to over-taxed British companies and high-net-worth individuals.

A growing number of UK citizens and companies are said to be reviewing the opportunities on offer in Switzerland in the light of rising taxes in the UK, especially in the light of the new 50% income tax bracket, which has applied to income over GBP150,000 per year since April 2010.

At the conference, the cantons will provide details of their low tax rates while accountancy firm BDO, Switzerland will assist conference delegates on the topics of setting-up a Swiss company and negotiating tax settlements. Zurich lawyers Altenburger will also offer advice on securing Swiss residency, how to purchase property and secure mortgages. Conference delegates will also be given background on pension transfer and arranging healthcare insurance.

In addition, the event will include a presentation by a leading Swiss bank on the current sterling/Swiss franc exchange rate situation and highlight the Swiss National Bank strategy towards combating the rise of the Swiss franc.

“Relocate to Switzerland is actively helping Swiss cantons target high net-worth citizens and companies in the United Kingdom,” said Ian Williams, Director, Relocate to Switzerland. “After last year’s hugely successful conference promoting Lucerne, we are delighted more cantons are coming to London to update companies and individuals on Switzerland’s continuing low taxes and pro-business environment."

Williams argues that the drawbacks of the adverse exchange rate caused by investor flight to the Swiss franc are still outweighed by the fiscal and other benefits of relocating to Switzerland.

"Conference attendees will have the opportunity to hear directly from senior canton administrators and seek advice from leading Swiss banks, accountants, lawyers and pension advisors," he added. "These cantons have some of the most beautiful cities in the world, in addition to some of the very best resorts and towns in which to live. We are confident that conference attendees will learn that Switzerland is well-positioned to provide their businesses with the best possible services to enhance their growth in a well-regulated, financially strong and highly respected business environment."

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The Report

Offshore Trusts Guide: Introduction

The History of Offshore Trusts
Development of Professional Competence in the Jurisdictions
What Future for the Trust?
The New Age of Transparency
The Swiss Association of Trust Companies
The Society of Trusts and Estates Practitioners

Offshore Trusts Guide: Jurisdictions

Bahamas

Bahamas: Legal Framework and Formation Rules and Fees
Bahamas: 2006 Private Trust Companies Legislation

Barbados

Barbados: Legal Framework and Formation Rules and Fees
Barbados: Supervisory and Licensing Regime and Fees

Bermuda

Bermuda: Legal Framework and Formation Rules and Fees
Bermuda: Supervisory and Licensing Regime and Fees

British Virgin Islands

British Virgin Islands: Legal Framework and Formation Rules and Fees
British Virgin Islands: Special Trusts Act 2003
British Virgin Islands: The Trustee Act 2003
British Virgin Islands: :Supervisory and Licensing Regime and Fees
British Virgin Islands: New Laws on Private Trust Companies
British Virgin Islands: New Private Trust Company Regulations

Cayman Islands

Cayman Islands: Legal Framework and Formation Rules and Fees
Cayman Islands: Supervisory and Licensing Regime and Fees

Cook Islands

Cook Islands: Legal Framework and Formation Rules and Fees
Cook Islands: Supervisory and Licensing Regime and Fees

Cyprus

Cyprus: Legal Framework and Formation Rules and Fees
Cyprus: Supervision, Licensing and Tax

Gibraltar

Gibraltar: Legal Framework and Formation Rules and Fees
Gibraltar: Legislation, Regulation and Supervision

Guernsey

Guernsey: Legal Framework and Formation Rules and Fees
Guernsey: Trusts Law 2007

Isle of Man

Isle of Man: Legal Framework and Formation Rules and Fees
Isle of Man: Supervisory and Licensing Regime
Isle of Man: Uses Clients and Tax Treatment

Jersey

Jersey: Legal Framework and Formation Rules and Fees
Jersey: Supervisory and Licensing Regime
Jersey: Trusts Amendment Act 2006
Jersey: Foundations

Liechtenstein

Liechtenstein: Legal Framework and Formation Rules and Fees
Liechtenstein: Regulation Supervision and Transparency
Liechtenstein: Characteristics of Liechtenstein Trusts
Liechtenstein: Foundations

Madeira

Madeira: Legal Framework and Formation Rules and Fees

Malta

Malta: Legal Framework and Formation Rules and Fees
Malta: The Trust and Trustees Act 2004

Mauritius

Mauritius: Legal Framework and Formation Rules and Fees
Mauritius: Characteristics of the 2001 Trusts Act
Mauritius: Additional Provisions of the 2001 Trusts Act
Mauritius: Tax Treatment

Monaco

Monaco: Legal Framework and Formation Rules and Fees

Nevis

Nevis: Legal Framework and Formation Rules and Fees

Panama

Panama: Legal Framework and Formation Rules and Fees
Panama: Requirements for Acting as Trust Company in Panama

Seychelles

Seychelles: Legal Framework and Formation Rules and Fees

Turks & Caicos

Turks & Caicos: Legal Framework and Formation Rules and Fees
Turks & Caicos: The Voidable Dispositions Ordinance

Vanuatu

Vanuatu Legal Framework and Formation Rules and Fees




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