Forming a Company in Switzerland – What You Need to Know

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Switzerland is one of the best places on the entire continent for starting your own company. It’s a fantastic place that offers plenty of tax benefits to entrepreneurs who are planning on starting their business. Forming a company in Switzerland might seem like a great idea to most aspiring businessmen, but there are a series of important things that you need to consider. First of all, the laws in Switzerland regarding company formation are incredibly strict, which means that you will need to hire local lawyers or a company administration firm to help you out. Here are a few things that you should know about forming a company in Switzerland.

Read About the Laws

Before you make a decision about forming a company in Switzerland, you might want to find out more about the local laws. It’s important that you talk to an administration firm about the different laws governing the formation of a company in Switzerland. There are several private administration firms that can help you with company formation in Switzerland. You might want to get in touch with a local firm that can help you set up a company to find out more about the different laws. One of the first things that you should know is that Switzerland is divided into separate administrative divisions, known as Cantons. Each Canton has its own administrative laws, so it’s important that you make a suitable decision about where to form your company. For example, many entrepreneurs prefer Canton Zug because of its lax taxation laws.

Hire an Administration Firm

The laws governing the formation of a company in Switzerland are incredibly strict, so you have to make sure that you hire an administration firm to guide you. You will need to provide comprehensive details about the kind of business that you want to do in Switzerland, and the administration firm will file all applications on your behalf. It’s important that you hire an administration firm because they will make the entire process of setting up a company extremely simple. The company will guide you regarding the preparation of important documents such as the memorandum of association and the articles of association, both of which are essential for forming a company.

Opening Accounts

Before you can start conducting business in Switzerland, you will need to open your capital accounts. Unless your company’s capital accounts are opened, you will not be able to do business in Switzerland. The administration firm will open the accounts on your behalf and will file the applications with the local company registrar. All of the dealings will be undertaken by the administration firm to ensure that your company is properly registered and ready to start business. You cannot start your business until you have the certificate of commencement of business. Once you have the certificate needed to conduct business and all addresses and accounts have been registered, you can start trading in Switzerland.