Switzerland is a federal republic, which is officially known as the Swiss Confederation. Switzerland is one of the most attractive countries in the world where to live, work and run business. It offers political and economic stability and relatively low company tax rates. And even though, Switzerland is not recognized as an offshore jurisdiction, it could be regarded as a low-tax jurisdiction within Eupore, with a wide range of specialized corporate forms which can be used by international investors and multinational companies to optimize and decrease their tax bills. The specific corporate constructions of Switzerland can be more profitable for certain activities, individuals or companies.
Such a reputation of Switzerland is explained by many factors. One of them is an advantageous geographical location in the heart of Europe. Switzerland borders on France, Italy, Germany, Austria and Liechtenstein. The total area of this country is almost 42 thousand km², and the population is more than 8 million people. The history of Switzerland goes back centuries, it is mentioned in historical documents of the 13th century. Today Switzerland is a country that is associated with wealth, stability and prosperity.
The political system of Switzerland differs from most European countries. It is a confederation and consists of 26 cantons. State power is exercised at two levels: federal and local (cantonal). The Swiss constitutional system provides for the separation of power into legislative, executive and judicial powers.
At the federal level, the power is concentrated in the Federal Council, which includes 7 members. The advisers alternately head the council, holding the post of president of the confederation. Legislative power belongs to the Parliament – the Federal Assembly, consisting of the National Council and the Council of the Cantons.
The legal system of Switzerland is characterized as highly democratic. Referendums play an important role in the country; all significant issues of state policy are solved through direct democracy.
The judiciary is independent and the other branches of government have no influence on it. The courts function at the cantonal level in the form of magistrate, district and cantonal courts. The highest authority is the Federal Court of Switzerland.