Monday, 18 Jun 2018
Business

Setting Up Your Business In Switzerland- What You Need To Know

Switzerland is the global hub of banks and business corporations. Some of the world’s largest corporations and most influential organisations are headquartered in this beautiful country. Needless to say, the relaxation in taxes and the convenient banking system makes Switzerland the perfect destination for many people who want to start their businesses. Unfortunately, it’s not easy to set up a business in this country. Switzerland has rigorous policies and laws that make it very difficult for new businesses to start trading. To create a company here, you will have to go through a long list of steps which can take two or three weeks. You can only commence trading once your business has been registered.

Depending upon the type of company that you are planning to set up, the registration process will vary. For instance, registering a holding company is different from registering a mixed company. Apart from deciding the name of the company, you will also have to look at other factors, such as creating a Memorandum of Association and the Articles of Association, and getting your company incorporated. Unless you are familiar with the registration process that new companies have to follow in Switzerland, you should seriously consider hiring a corporate firm. Most aspiring entrepreneurs are reluctant to hire corporate firms because they charge a considerable amount in fees. However, these firms will also make life much easier for you.

Here are a few ways in which a corporate firm can help you.

Guidance

Business setting up in Switzerland is difficult. There are plenty of small points that you must take note of. The Commission rejects thousands of applications simply because they do not meet the requirements set by the government. With years of experience under their belts, corporate lawyers will guide you through all the forms you need to fill out, the meetings you must attend and the arguments you need to make. They will also help you draft up Fiduciary and Legal Agreements and assist you in opening capital bank accounts. This is important, because all financial matters need to remain as transparent as possible for the shareholders.

Incorporation of the Company

Another way in which a corporate firm will help you is getting your company incorporated. To get your company incorporated, you will have to submit documentation such as the Memorandum of Association (filled out with all relevant clauses and signatures of the subscribers). Once the document has been approved, your company will be registered in the Commercial Registry.

The work does not end here, however. Corporate lawyers will discuss future plans with you about how to take your company to the next level, and will also guide you about the best places to open your company in Switzerland. For instance, you might save money on taxes if you open your company in one canton in Switzerland rather than another. All of this will help you immensely in the long run!

Post Comment