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Travel Trends – Switzerland

April 26th, 2011 3:06 am

Many people only visualize ski slopes when they hear Switzerland; however this country has much to offer beyond the slopes in the urban cities of Zurich, Lucerne and Lausanne. These cities offer wonderful and interesting art, colorful old towns and beautiful waterfront settings worthy of a visit on your way to the slopes.

Zurich is located in the north and is Switzerland’s largest city and a major transportation hub. Like most Swiss cities, Zurich visitors and residents alike enjoy a huge body of water, Lake Zurich, provides the opportunity for romantic walks, bike rides and cruises. A great way to see the town is on a riverboat which functions similar to a city bus.

Known as one of Europe’s most “fountainous” cities, Zurich is sprinkled with more than 1200 fountains, a stream of cafes and streets with a colorful ambiance. One of the city’s art treasures is a set of Chagall stained-glass windows depicting Bible scenes located in the Fraumunster Church in the center of Zurich.

There is no better way to enjoy a beautiful sunny afternoon than to stroll through Backer Park which is considered to be one of the most beautiful and lush in all of Zurich. Once you have had your fill of the outdoors, head to the very interesting Indianermuseum where you can trace the history of the Native American culture. For a different type of culture, go over to Langstrasse, Zurich’s red light district. As dusk falls, it is great to stop for a drink at Long Street Bar or get in a few laughs at Volkshaus Zurich comedy club.

An hour south of Zurich lays the beautiful city of Lucerne. A covered, medieval Chapel Bridge forms the centrepiece of the city’s townscape and is considered to be one of the oldest, covered wooden bridges in Europe. Approximately 100 colorful paintings, some replicas and some dating from the 17th century, hang under the bridge’s rafters, showing scenes from Lucerne’s history. Swans often cluster near the bridge and locals will tell you the swans arrived in the 17th century as a gift from Louis XIV in appreciation for the protection the Swiss Guards provided him.

Historic houses are decorated with frescoes which line the numerous picturesque town squares such as ‘Weinmarkt’ square.

Picasso fans will want to see Lucerne’s Rosengart Collection which showcases several dozen black-and-white candid photographs of the artist. Here you will see Picasso in the bathtub, getting a haircut, playing dress-up and horsing around with children.

Lucerne is a city of town squares and churches. The Jesuit church dating from the 17th century is regarded as Switzerland’s first sacral Baroque building and the twin towers of the Hofkirche form an integral part of the townscape. The figure of a dying lion which was chiselled from rock in remembrance of the heroic death of Swiss guards killed during an attack on the Tuileries in 1792, is one of the best-known monuments in Switzerland.

Tradition and modern life stand side-by-side with ease in Lucerne, as the town has also earned a reputation for itself with innovative design. The futuristic Culture and Convention Centre, the KKL, designed by leading French architect Jean Nouvel, is one of the architectural highlights of the town. The Center is also a landmark of Lucerne and a venue for a wide variety of cultural events throughout the year.

Lucerne is the ideal starting point for many excursions to the highlights of central Switzerland. A trip up one of Lucerne’s regional mountains, the Pilatus or the Rigi – the queen of mountains – is a must. But excursions up onto the Stanserhorn, or a steamship cruise on Lake Lucerne with its many bends and arms are worthy experiences.

The Wilhelm Tell Express originates in Lucerne and ferries its passengers to the foot of the Gotthard pass via Lake Lucerne and then continues by rail into Ticino, south of the Alpine ridge. The “cherry road” leads from Lucerne through the landscape of cheery trees.

Lausanne is perched elegantly above Lake Geneva and has been home to the International Olympic Committee since 1915. The museum here displays a colorful history of the games complete with a century of ceremonial torches and medals. The evolution of sports equipment is evident here containing Carl Lewis’ track shoes and Sonia Henie’s ice skates.

Lausanne’s city centre spans several hilltops, linked by bridges spanning deep, river less gorges. Place St. Francois dominates the hilltop district known as the Bourg, formerly the wealthiest part of the city and still known for its upscale markets and boutiques. To the north the hill of The Old Town, crowned by the Cathedral, dominates the city. Expansion during the nineteenth century broadened the city scope to the east and west. The pedestrian walking zone lies north of the train station and provides great entertainment for shoppers and locals alike.

The waterfront area is the happy domain of commoners, office workers and roller skaters. The locals nicknamed their town the San Francisco of Switzerland for all its hills as it seems to be a trek each direction.

If you are a shopper, items to purchase in Switzerland may include pottery, watches, crystal, embroidered items, wood carvings, clocks (including cuckoos), Swiss army knives, liquors (Williamine, the best thing that can be done with a pear), lace, textiles, folklore souvenirs (such as music boxes), cowbells, cheese, antiques, stainless-steel cutlery, ski equipment and clothing, leather goods, shoes and of course chocolates!

Whether you enjoy displays of modern art or wish to explore Old World charm, the cities of Switzerland seem to have it all. While most people come to enjoy, explore and ski the alpine peaks, there is more to this country to be found in its glorious urban areas.

Why Offshore Incorporation in Switzerland Makes Sense

April 14th, 2011 9:05 am

Until just recently, few companies from the Far East placed their operations between the cities of Geneva and St. Gallen. However, it is beginning to change quickly as more big Asian firms discover Switzerland for setting up an offshore incorporation.

A few firms have already settled here, such as the Chinese Alibaba (media) headquartered in the city of Geneva. Others are the South Korean Songwon International (chemistry) in Frauenfeld and the Indian Arexera Information Technology in Schaffhausen.

To most entrepreneurs, Switzerland seems like an attractive location to do business through an offshore incorporation. That is why more than 180 international firms mostly from the U.S. and Europe like Kraft Foods, Cisco Systems, Nissan, Yahoo, Cadbury or Google moved their operations to the Lake Geneva region during the last decade.

Switzerland Gains Draw as Tax Haven

Several large U.S. companies are reincorporating from Bermuda to Switzerland. This helps them avoid expected legislation aimed at corporations located in tax heavens.

Just recently, oil-industry firms Weatherford International Ltd., Forster Wheeler Ltd. and Houston’s Noble Corp. as well as also conglomerate Tyco International Ltd. announced their moves. A similar move plans Transocean Inc., a big offshore driller after receiving shareholder approval. Early this year (2008), the board of Bermuda-based insurer ACE Ltd. approved a “redomestication” from the Cayman Islands to Zurich.

Chiefly, the moves are designed to preserve tax benefits the companies enjoyed while being domiciled in countries like the Cayman Islands and Bermuda or even in the US state Delaware with favourable tax rules.

However, those companies discovered that Switzerland is a better place for tax protection than in these countries. Tax authorities have threatened to close tax loopholes that allow U.S. companies to benefit from incorporating in offshore tax havens while operating from the U.S. Even if the laws should change, Switzerland’s tax treaties with the U.S. would still protect companies. For this reason, offshore incorporation in Switzerland will ensure the same tax advantages.

For years, the French part of Switzerland has lagged behind its Swiss-German rivals as a location for commerce. The city of Basel with its pharmaceutical, chemical and biotech industries flourished for years. Zurich’s financial services sector also grew very rapidly while the French speaking part of our country drew up the rear, bothered with above average unemployment and a lack of dynamic businesses.

Switzerland has become the logical choice for a company looking for their European operations and headquarters to this region. Regional company seats mean high-qualified jobs for people with a good education and appropriate salaries and a knowledge transfer.

According to a study in 2006, international companies already operating from Switzerland would again settle here. The companies from India, China, Taiwan and South Korea are going global right now. It has to do that the champions from Asia grow stronger into the world economy.

Nevertheless, they keep coming, not just from Asia but also from all over the world. The town of Rolle for instance has already made room for U.S. agriculture giant ADM (Archer Daniels Midlands) this year. So also to the Japanese luxury car brand Infiniti (Nissan International SA), which has set up its European operations to this town.

Nearby, the town of Nyon is the second most dynamic area in Switzerland for new offshore incorporation start-ups. It is currently registering an annual increase of seven per cent. Morges, another town close by registers similar increases. The addition of companies moving into the Geneva-Montreux region was very noticeable in recent years.

The Lake Geneva region – the perfect location for an offshore incorporation

Experts cite a combination of factors. The region offers quality of life to expat workers who are used to the daily grind of commuting in big European or U.S. urban areas.

Than, there is the availability of highly qualified staff, both in numbers and in proximity to the company’s location. This is rather difficult to find in other European countries. Additionally comes that Switzerland has a high educational standard and many employees are bi- if not tri-lingual.

For this reason, the region is proving particularly attractive to companies in the service industries. It will also move U.S. companies closer to a faster-growing customer base in East Europe and Asia, where more than half of their revenues may come from today.

Combine that with a very attractive taxation level and the availability of international schools for the children of managers…

… and the result is an overall offering that makes areas like this appear very attractive in international terms. For many, it is reason enough to move their European headquarters to Switzerland to form an offshore incorporation.