Switzerland

Switzerland (official name: Swiss Confederation) is a central European country or according to certain definitions, a western European country consisting of 26 cantons.

The federal capital is Bern, but the two cities with the greatest financial and commercial importance are Zürich and Geneva.

It is one of the founding members of the European Free Trade Association, and a member of the Schengen area, but not of the European Union or of the European Economic Area.

The four national languages are German, French, Italian and Romansh (the first three are official, Romansh is only partially).

Currency: Swiss Franc (ISO Code: CHF).

There are three main types of companies that you can create in Switzerland:

In all cases the trade register of the Canton acts as supervisory authority, the companies are also registered in the Federal Trade Register.

Sociétés Anonymes (S.A.)

Minimum Capital: CHF 100.000. -, which must be released at the time of the Constitution at least for 20% with a minimum of CHF 50.000.

The administrator must be Swiss or holder of a residence permit and resident in Switzerland, he is criminally and civilly responsible for the company (we provide the Services of a Nominee).

The shareholders must be at least one.

This is the most common legal form in Switzerland.

The shares can be “bearer shares” or registered with the shareholder’s name.

The annual accounting is mandatory. The audit is no longer an obligation for small companies (using the “Opting-Out” Option).

The names of the directors are published in the commercial register and on the Internet.

The names of the shareholders are not public.

At the time of the Constitution it is necessary to deposit the capital in a blocked account with a Swiss bank in the name of “XXXXX S.A. En formation”.

This amount is released by the bank and paid into the company’s current account when we give it the emergency extract from the “Registre du Commerce” proving the registration has been approved.

Sociétés à Responsabilité Limitée (S.A.R.L or S.à.R.L.)

Minimum Capital: CHF 20.000. -which must be fully released.

A manager must be Swiss or holder of a residence permit and resident in Switzerland (we provide the Nominee Services).

The names of the managers are published in the commercial register and on the Internet.

The names of Partners are also public.

The annual accounting is indispensable.

Each Partner participates in the share capital according to the amount he has invested. In order to transfer shares, a written agreement between the parties must be signed. A Notary Act is not anymore required.

One or more natural and/or legal persons can be Partners in a SARL.

Swiss SARL are oriented towards small or medium-sized structures but do not benefit from the notoriety of the S.A. And in case of frequent transfers of participation management may prove to be heavier.

At the time of the Constitution it is necessary to deposit the capital on capital in a blocked account with a Swiss bank in the name of “XXXXX S.A.R.L. En formation”.

This amount is released by the bank and paid into the company’s current account when we give it the emergency extract from the “Registre du Commerce” proving the registration has been approved.

Succursales (Swiss subsidiary of a foreign company)

This solution can be chosen if you already have a company in another jurisdiction.

Foreign companies wishing to establish a branch in Switzerland must apply for registration in the trade register of the Canton where the activity of this branch is to be carried out.

The Swiss branch of a foreign company will be subject to the provisions of Swiss law (civil law, contract law, private international Law, company law).

For its registration, taxation and its accounting, it is considered as a Swiss company.

No capital deposit (the capital shown by the Registre du Commerce will be the amount of the capital of the parent company).

Total customer anonymity, the parent company using its branch as a billing vehicle.

A branch manager must be appointed and his name will be published in the commercial register.

The establishment of a branch is simpler and less costly than the other two types of companies proposed.

If you want to create your new company in Switzerland we are at your orders and our partners in Geneva will provide you with all the assistance required both on the legal level and on the choice of the bank. Please inform us using the Contact Form and we will give you a complete offer with estimation of costs.

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