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Swiss authorities have recently completed their due legal process for the recognition of the

"AGREEMENT BETWEEN THE TRADE OFFICE OF SWISS INDUSTRIES, TAIPEI AND THE TAIPEI CULTURAL AND ECONOMIC DELEGATION IN SWITZERLAND FOR THE AVOIDANCE OF DOUBLE TAXATION WITH RESPECT TO TAXES ON INCOME"

(signed on 8 October 2007)

The agreement entered into force on 13 December 2011 (taking effect retroactively as of 1 January 2011). It follows standard Swiss practice for agreement in the area of double taxation and it is based on the OECD Model Convention, including provisions on the exchange of information in line with the internationally applicable standards.

The full text of the agreement can be downloaded:

in English:

http://www.news.admin.ch/NSBSubscriber/message/attachments/25113.pdf

in German:

http://www.news.admin.ch/NSBSubscriber/message/attachments/25111.pdf

in French:

http://www.news.admin.ch/NSBSubscriber/message/attachments/25112.pdf

 

The agreement is expected to further strengthen economic ties between the two important economic players in Asia and Europe. It is set to offer Taiwanese investors an interesting gateway to Europe and to further facilitate access to the Taiwanese market for Swiss companies.

 

So far, more than 110 Swiss companies have invested in Taiwan, making Switzerland the 5th largest European investor on the island. They are engaged in a wide variety of activities, including manufacturing, marketing and distribution of products and services, as well as regional businesses. On the other side, various prominent Taiwanese companies such as ACER and Micro-Life have already set up their European headquarters in Switzerland.

 

Switzerland became the 10th European trading partner to conclude a double taxation agreement with Taiwan.

 

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Switzerland offers various unique advantages as a basis for foreign direct investment:

  • It is located geographically in the "heart of Europe"
  • Its populace is multilingual, with most citizens speaking two if not three languages
  • Its communications and transportation infrastructure is world-class
  • Its deserved reputation for productivity and quality of labour ranks second to none. A highly skilled and motivated workforce
  • Its well-known political stability and high standard of living
  • Its low tariffs on imports, comparatively low tax rates for companies and individuals
  • Its good education system
  • Its efficient financial sector
  • Its market conditions: foreign companies often use Switzerland as a major test market for innovative new products
  • And given the country's federalist structure and size, assistance to foreign investors can often be provided on a personal and individual level

For detailed information about investing in Switzerland visit the following website:
http://www.LocationSwitzerland.ch