eurotrash - 9:38 pm on Dec 9, 2004 (gmt 0)

Probably the reason Apple set up in Luxembourg is because it is a tax haven. Others include Jersey, Guernsey, Isle of Man, Gibraltar, Andorra and Monaco. I think that is them all. I know there are secrecy laws in Switzerland which makes that handy but I believe you need a lot of references to get an overseas resident Swiss bank account.

Normally it would be a complicated set up. It is better to speak to a banker or relevant accountant rather than the Chamber of Commerce. I have offices in 3 countries - 2 in Europe and one in the U.S. Set-up does not happen overnight and you have to be extremely careful about taxes especially if you resident/based in the United States.

For basic info on tax havens/regulations: [lowtax.net...]