Switzerland's independence and neutrality have long been honoured by the major European powers. It has not been involved in any World War. The political and economic integration of Europe over the past half century, as well as Switzerland's role in many United Nations and international organisations, have strengthened its ties with its neighbours. Switzerland remains active in the United Nations and international organisations, but retains a strong commitment to neutrality.

While Switzerland is not a member of the European Union, it is a member of European Free Trade Association (EFTA). This agreement allows goods to move between Switzerland and the EU, free of quotas and, without customs barriers.

It remains therefore a prosperous and stable modern market economy, with low unemployment, a highly skilled labour force, and a per capita GDP larger than that of the big western European economies. Swiss law makes no regulatory or supervisory distinction between onshore and offshore or resident and non-resident activities. In Switzerland, there are neither offshore licences nor is there preferential treatment for offshore activities. No shell-branches or brass-plate banks are admitted. The majority of board members must be Swiss citizens residing in Switzerland.

It is perhaps the most famous finance and banking centre in the world, and still continues to attract large numbers of high net worth clients; principally because of the ability and reputation of the banking community. Switzerland remains a safe haven for investors; it has maintained bank secrecy, without losing its highly competent effectiveness.