Switzerland is often considered one of the best locations for incorporating a company. It is a prestigious country with a relatively low tax rate and, above all, a credible reputation for the quality and security of its business environment.
Recently, Switzerland adopted a new DLT Regulations which sets the country as a leader in FinTech, Blockchain, DLT Technologies and other related programs. The new regulations will enter into force starting from this year.
The new year, 2020 has brought with it a raft of new laws and changes in Switzerland.
This comprehensive guide contains detailed information for entrepreneurs and legal entities interested in company formation in Switzerland. Get enlightened on all the legal processes and dodge the common pitfalls!
Establishing a new business can be a daunting task. While it's important to put much emphasis on the fulfilment of the legal requirements for company registration, the planning and execution of other elements in company incorporation shouldn't be taken lightly. This includes choosing the business location, obtaining financial resources, hiring employees among other factors.
Starting a business from scratch in any country is certainly not easy and can be time-consuming. Fortunately, in Switzerland you have the option to buy a ready-made company and quickly start your business operations. The favourable government policies and the country’s geographical position make it easy to run a successful business for almost any activity in Switzerland.
Switzerland is often considered one of the best locations for incorporating a company. It is a prestigious country with a relatively low tax rate and, above all, has a plausible reputation for the quality and security of its services.
Over the past few years, more and more companies have started to strategise ways by which they can escape giving their hard-earned profits to governments. This is the reason why many major global firms decide to set up their headquaters in low taxing jurisdictions like Switzerland. Switzerland is one of the most welcoming investment destinations for foreign investors due to its low taxation, a favourable economic legislature, among many other advantages.
All companies operating in Switzerland receive a business identification number (UID). The UID number will serve as the comapny's single identification number for all contacts with the administration and other authorities.
Despite Switzerland having one of the best business environments in the world, some businesses still find themselves having to shut down their Swiss operations for various reasons. Such circumstances are usually a result of mismanagement of the company, bankruptcy, disputes or loss of interest by the investors among many other reasons. The Swiss government has put in place several laws and regulations that apply to companies undergoing insolvency and closure. These rules address issues such as the responsibilities of directors and mechanisms to utilise when declaring bankruptcy.
