Switzerland is one of the most prominent and well-known countries in the world. Switzerland is an appealing place to incorporate a business because of its well-developed banking and insurance industries, stable economy, favorable corporate laws, and strategic position. Our specialist will assist you with preparing all the documents required for the company formation procedure in Switzerland. This includes statutes and bylaws, acceptance declarations, power of attorney (if needed), etc.
In Switzerland there are two most common types of companies: AG (Limited Company) and GmbH (Limited Liability Company). The capital for an AG (Limited Company) is minimum 100’000 CHF, of which at least 50’000 CHF or, starting from a statutory share capital of 250’000 CHF, 20% must be paid in advance. To form an AG one or more private individuals or legal entities are required. The Company may be formed by at least one shareholder.
In AG company shareholders are not reflected in the commercial register or any other public registers. Information about shareholders is kept in the form of shareholders register, signed by the Board of Directors. The capital for a GmbH (Limited Liability Company) is minimum CHF 20’000, of which 100% should be deposited at the time of company formation. In GmbH company shareholders are published in the commercial register. The process of company formation is straight forward and may take around one month.
OUR SERVICES INCLUDE :
Company formation:
– Checking availability of the name and purpose of the company;
– Opening a blocked bank account to pay a share capital;
– Drafting incorporation documents;
– Preparing all needed documents for remote registration;
– Making an appointment with a notary;
– Registration of the company in the commercial register.
• Corporate administration;
• Tax planning;
• Assistance in obtaining a work permit
• Fiduciary services: providing services of a qualified Swiss director’s, as required by the law.
• Legal assistance;
Company address registration (domicile):
Our company provides two types of registered addresses – POBOX and virtual office.
Company name change and registration:
If you would like to change the name of your company, its purpose or make changes in the Board of Directors, we can help you with that too.
Accounting services:
Our services include all levels, from bookkeeping to debtors control, stock control, trial balance stage and more. We also handle all your accounting need in terms of financial and property accounting of the sole proprietorship to international corporations.
Company bank account opening:
we can help you ensure the required documents are submitted properly to the concerned banks, so you can set up and start operating your business account in Switzerland.
Business license application (if required): In general there is no need to obtain a license to do a business in Switzerland. Nevertheless, for some kind of businesses, like financial, you need to receive a special authorization or license. In this case we can help you with appropriate licenses and permits needed to start your business in Switzerland.
BANK ACCOUNT OPENING IN SWITZERLAND :
Switzerland is known for its banking secrecy laws, making it a popular destination for foreigners to open a Swiss bank account. In order to open a Swiss bank account, you must first go to a Swiss bank in person (or its corresponding branch in a foreign country). In most banks, it is possible to open a personal account only to Swiss residents. At the same time, if you are ready to put some money on the account and let bank to manage your funds, it is possible to open a personal bank account in Switzerland even without being a Swiss resident.
Before you can open the account, there are a few steps you need to complete. You will need to fill out an Application Form, provide photo identification with a valid passport, and furnish a proof of residence by providing a copy of a recent utility bill. Depending on the bank you choose, you may also need to provide your financial statements, such as proofs of income or net worth. You will also need to make an initial deposit to open the account. Read More …
COUNTRY SPECIFICS :
You will need to appoint a Swiss resident in the Board of Directors. He will act as a liaison to the tax authorities and the Trade Register. Please notice the fact that when using the service of a nominee director, accounting should be done by our firm.
TAXES :
The maximum CIT rate on profit before tax for federal, cantonal, and communal taxes is typically between 11.9% and 21.0%, depending on the location of the company’s corporate residence at a particular canton’s capital in Switzerland. In the canton Zug the corporate tax rate is around 13%. Withholding tax in Switzerland is 35% but double taxation treaties apply in many cases and the tax rate may be reduced.
HOW CAN NEX CONSULTANTS HELP ?
With more than two decades of company formation and business support experience in the region and beyond, Nex Consultants can support you with all your Switzerland company formation procedures and requirements. Contact Nex Consultants for more information.
