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94 Q


across tax


Authorities”. This is also true of interest income accruing on inter-company loans for as long as they are not re-characterised as bonds or bank deposits.


What financial incentives do your tax laws provide to attract foreign investment?


Special Relief for Corporations Swiss tax legislation has introduced special tax incentives for corporations in the form of relief from corporate income or capital tax. These include: Relief for qualifying dividend income and capital gains, holding companies (exemption), domiciliary companies (reduced rate), international sales companies (reduced rate), service companies (arm’s length), finance branches (reduced rate) and newly established enterprises (i.e. exemption for 10 years). In general, tax relief is granted under certain


conditions for each category. In all circumstances, the tax relief should be sought from, and confirmed in a formal written ruling, by the tax authority on a case by case basis.


Individuals Swiss tax legislation has the lump sum taxation option for foreign individuals who have obtained a Swiss resident permit. One of the conditions to obtain such a lump sum ruling is not to engage in any professional activity in Switzerland. The lump sum taxation level is based on the rental value of the property owned or rented in Switzerland.


Q


visit www.finance-monthly.com


What role does Arkion play when aiding local and foreign companies?


We focus on the client’s needs and offer inter alia the following services: the formation and constitution of the company, Director(s) for the company if required, office space or domiciliation of the company, a residence permit for individuals, negotiation with fiscal and administrative authorities in relation with corporate and individual tax rulings, book-keeping (including VAT returns) and the management and administration of the firm, including board and shareholders’ meetings and tax returns. In general, we help individuals and foreign


corporations to establish a residency and office space in Switzerland with all local searches, negotiations and administrative procedures, including relocation services such as housing, office space and schools.


Q


What are the future aspirations for Arkion? How do you see your practice area progressing for


the rest of 2011?


We see an increased interest from both individuals and foreign corporations to either increase their presence in Switzerland, if not to relocate to Switzerland. All such interest will require assistance from people and organisations with an on-going and detailed knowledge of the Swiss tax system. We believe we are up to the challenge of meeting such expectations and requirements and hope to be at the forefront for individuals and corporations with such a move in mind. For Arkion as a whole, we see 2011 as being a year


in which we will seek to develop our profile and brand both in Switzerland and abroad. fi


For more information about Arkion, please visit www.arkion.com.


Contact details for Arkion, Geneva: Arkion SA


20, rue Adrien-Lachenal 1207 Geneva Switzerland


Tel: + 41 (0) 22 736 71 00 Fax:


+ 41 (0) 22 736 71 05 Website: www.arkion.com


fi MONTHLY MARCH 2011


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