A new corporate law, Capital Increase and Capital Reduction in Switzerland is set to come into force on 1 January 2023.
But what does it mean for your Swiss business and how can you take advantage of the opportunities it offers?
The new legislation is designed to improve the functioning of companies, particularly with regard to capital increase and capital reduction. The main objective is to simplify the process of corporate restructuring and to help companies engage in efficient capital management.
Switzerland is the preferred destination by most businesses wishing to expand their operations. With its low tax rates, modern infrastructure, and stable economy, companies running in the country are among the most successful in the world. In fact, it’s ranked as the world’s best country for doing business by Bloomberg Rankings.
Entrepreneurs interested in opening a company in Switzerland can benefit from the tax incentives provided on federal and cantonal level. The first step to start a business is to choose the most suitable business structures. These types of business structures are the most commonly used in Switzerland by entrepreneurs.
According to a ranking made by Great Place to Work, a firm specialized in conducting employee surveys and cultural analysis in companies all around the world, 29 companies were chosen in 2017 as the best companies to work for in Switzerland.
With fantastic transportation infrastructure, clean environment and a hub for innovation, the Zug canton is an attractive region for establishing a Swiss residence, as well as a popular location for doing business. Zug offers a wide range of business sectors, focused in this popular Swiss canton, which makes it an attractive location for new entrepreneurs who want to invest in business ventures and take advantage of the favorable tax system and business-friendly environment.
Subsidiaries are legal entities with capital that is partially or totally owned by foreign companies. However, the management of the subsidiary is not conditioned by the foreign capital, and the entity is able to handle business contracts, hire employees or issue and transfer shares.