Starting a business in Switzerland is not a difficult process. However, opening a company is time-consuming and usually, you need a lot of help, taking into account various factors.
Switzerland is often considered one of the suitable locations for incorporating a company. It is a prestigious country with a relatively low tax rate and, above all, has a well-known reputation for the quality and security of its services.
In recent years, more and more entrepreneurs chose to set up companies abroad, wanting to benefit from certain tax or legal advantages, which in some cases may even be favorable to foreign investors.
All companies operating in Switzerland receive a business identification number (UID), allowing them to use a single number to be identified for all contacts with the administration and all administrative units.
The Swiss voters approved in a referendum, on May 2019, a tax reform package to eliminate what the Ministry of Finance has called an existential risk for the country role as a financial and business center.
Several factors may cause a business to be wound up in Switzerland. The rules applicable to company insolvency are found in a number of Swiss laws, ranging from corporate directors' obligations to bankruptcy procedures.