English to Spanish Bus/Financial Business/Commerce (general)

"Establishing a Swiss Principal was part of the Regional Optimization program and was necessary for X company to streamline its supply chain and to improve customer service."

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The Swiss Principal model has become an effective means to optimize the structure of multinational companies on a regional basis, maximizing efficiencies by restructuring EMEA-area procurement, distribution and sales activities around a “Swiss Principal” company, which becomes the counterparty to the company’s vendors and customers. The Swiss Principal structure takes advantage of Switzerland’s favorable tax rates and advance tax rulings, business-friendly environment, advanced body of commercial law that provides certainty in strategic planning, banking center status, low tax rates, central location in the heart of Europe (combined with independence from the European Union regulatory overlay and European monetary union), and federal cantonal structure, all of which have contributed to the increasing popularity of Swiss Principal structures. Asia Principal structures are also possible, and can be included in the same restructuring.