How to Form a Company in Switzerland
Switzerland is one of the most beautiful countries in the world. Despite being one of the world’s most popular tourist destinations, Switzerland is also regarded as the commercial and banking hub of Europe. They have very lax laws regarding taxation, so setting up a company in Switzerland is a great idea. If you want to set up a company in Switzerland, there are a few important things you should know beforehand. First of all, you should know that Switzerland is divided into different administrative divisions. These are known as Cantons, and each one has different laws for registration and income reporting.
One of the best places to start a company is Canton Zug. It has very attractive taxation requirements. However, if you have decided to set up a company in Switzerland, there are a few important things you should know. Company formation in Swiss lands is a complicated process, so you have to keep a few important things in mind. Here are a few things you should know about setting up a company in Switzerland.
Hire an Administration Firm
The first thing you need to do is hire an administration firm. It’s highly unlikely for an entrepreneur to know about the complicated laws associated with setting up a company, and it’s difficult for most business owners to know exactly what they have to do. However, hiring an administration and company formation firm is a great idea.
These are private firms that remain up to date with all of the requirements associated with setting up a company. The administration firm will first take instructions from you about the type of business you want to establish. Afterwards, they will prepare all of the legal and fiduciary agreements that are needed for the contract, and will also open the capital accounts on your company’s name. It’s important that all incorporation documentation is prepared accordingly. They will also prepare and arrange the Notary Meeting, which is needed before you can apply for the Certificate of Commencement of Business.
Once your business has been registered and all relevant preparations have been made regarding its commencement, you can just file the documents with the Company Registrar and start your operations. Before you do this, it’s recommended that you talk to the administration firm to learn about a few common practices. They will help you with simple things like establishing letterheads and creating business templates, along with agreeing a Chart of Accounts needed for recording transactions. They will also ask you about your operational policies and ensure they are in line with the local laws. These are a few things you should know about setting up a company in Switzerland.