Switzerland – Lucerne
The jurisdiction of choice
You should be actually looking for onshore solutions that avoid administrative initiatives and practical problems.
You are now looking for onshore solutions in low-tax jurisdictions to implement efficient global estate and asset-protection planning.
Switzerland is not an offshore jurisdiction such as the Cayman Islands, or Jersey. It is nonetheless a low-tax jurisdiction, having a series of specialised corporate forms which can be used by international investors and multinational companies to reduce their tax bills to a significant extent.
Switzerland as low tax environment for both non-resident and resident entities (specifically the Canton of Lucerne) may be more attractive to a wider base of clients whose objectives may no longer be tax an aggressive tax avoidance strategy.
Switzerland has a double taxation agreement with more than 100 countries.
Swiss legislation has agreed to recognize the validity of foreign trusts by July 1, 2007.