By establishing a corporation in Switzerland, you are moving your business to the next level. Switzerland is an attractive place to incorporate a company because of its well-developed banking and insurance industries, stable economy, favorable corporate laws, and strategic position. Due to Switzerland’s excellent transportation infrastructure, you will have easy access to the European markets. Additionally, the country’s Fintech industry is flourishing because the local government encourages its growth.
Who ought to be interested in setting up a business in Switzerland
It is fairly expensive to establish a business in this country. However, if you establish the right kind of firm in the nation and manage your commercial operations there in a suitable manner, all of your investments will accrue interest. If you want to get one of the following advantages, setting up a corporation in this nation would be a wise financial decision:
- Access to the best banking services, earning money by offering logistics and transportation services.
- Trade openly with nations in Europe and the United States.
- To create a Fintech business.
Procedures for establishing a company in Switzerland
There are increasingly more international businesspeople who want to establish enterprises in the nation. Because creating a company here has many benefits, people from the EU as well as other world regions are prepared to overcome the procedural obstacles. The following are the guidelines:
Selecting a company name
This is the initial step in the Swiss business registration process. The name of your company in this nation cannot contain certain words (the name must be distinct and it must not sound similar to other company names). If the name you have in mind is appropriate for the business, you must verify this with the trade register.
The selection of company officers
The kind of firm ownership will determine the organization structure maagement.
All company founders may speak or act on the company’s behalf under SARL. However, the business’s particular style of corporate management may be outlined in the bylaws. For instance, hired staff could run the business. At least one director must be chosen by the company’s founders. They might also elect to create an auditing body.
The board of directors oversees the company, AG. Shareholders of the corporation may serve as directors, or the company may employ directors. Before they are delivered to the shareholders and the tax authorities, annual reports must be audited by an independent auditor, who is also an official of the firm.
Establishing a bank account for the charter capital’s deposit
In order to register a business in Switzerland, you must deposit the necessary amount of charter capital. The charter capital needs to be deposited into the designated bank account. The initial opening-account commission is 200 CHF, but it is typically higher.
Creating corporate documents such as company bylaws
A trip to a notary public was required to register a corporation in Switzerland as an AG or a GmbH. A sole proprietorship is easier to register, you may even submit an online application for the creation of a business with this form of ownership.
The notary will prepare an application for company registration, authenticate the signatures, and sign the company bylaws, the public registry act, the Lex Friedrich declaration, the Stampa declaration, and any other documents that require a declaration of non-financial investment (which is a permit granted to a foreign national to purchase real property in Switzerland). The company name, the reason for incorporation, the address of the corporate headquarters, the amount of the charter capital, and the rights and obligations of the company’s members must all be included in the bylaws.
The fee for notarial services is 0.1% of the business charter capital, although it cannot be less than 500 CHF or more than 5,000 CHF. Additionally, there is a fee of 20 CHF for each signature authentication.
Submission of the necessary paperwork to the Swiss trade register
In Switzerland, there is a federal trade registry that is updated every day. Each canton in the nation does, however, also have a number of trade registers. In total, Switzerland will have roughly thirty trade registers by the year 2020.
