Business formation timeline in Switzerland
Are you ready to achieve your dream of becoming an entrepreneur? It is crucial to go through the process of forming a company successfully before launching, and Switzerland provides a positive setting for business ventures. This detailed guide will lead you from the initial idea to the official establishment of your company, providing approximate completion dates and valuable advice to help you make informed decisions.
A step-by-step guide
We have outlined the essential procedures for starting a company, including a rough estimate of the time needed and our comprehensive methods to simplify the process for you. It is important to note that the timeframe for setting up a business may differ greatly, as each company’s registration process is individualized and dependent on specific circumstances and criteria.
Define your business plan (1-2 weeks)
It is important to have a well-defined strategy in place before beginning the formal process. Our knowledgeable team is ready to provide expert guidance and help design a comprehensive corporate plan tailored to your goals. Schedule a meeting with us to start the process.
Reserve your company name (1-2 days)
Choosing a unique and enduring company name is a vital part of the marketing strategy. We offer fast and hassle-free name reservation services, ensuring that your desired name is available and secured immediately.
Draft and sign the articles of association (1-2 weeks)
Our legal experts help you create and review the Articles of Association, which establish the legal framework, purpose, structure, and internal regulations of your company, making sure they are in line with Switzerland’s laws and regulations.
Opening a business bank account (1-2 weeks)
In order to conduct financial transactions for your company, it is necessary to establish a business bank account. This typically involves submitting identity papers, proof of company registration, and other necessary documents. The process usually takes between one to two weeks.
Deposit share capital (1-2 weeks)
In Switzerland, companies must deposit a minimum share capital that varies depending on the legal structure selected. Our team will help you prepare the necessary documents and support you in depositing the required funds into your newly established bank account, making sure that you meet all legal requirements.
Register your business (1-2 weeks)
Enlisting your business in the Trade and Companies Register is a crucial part of establishing your company. Our specialized team takes care of all the necessary documents, communicates with the relevant agencies, and speeds up the registration procedure, allowing you to save time and energy.
Obtain necessary permits and licenses
Depending on the nature of your business operations, you may need certain permits or licenses to conduct business legally in Switzerland. Our team of regulatory experts will navigate you through the intricate regulations, pinpoint the essential permits, and help you obtain them in a timely manner. The timeframe for obtaining the required permits may vary depending on the type of license.
Tax registration (2-3 weeks)
Registering for taxes is a crucial part of establishing a business. This involves obtaining a distinct tax identification number, which can take some time, typically around two to three weeks to complete.
Set up payroll and employment contracts (1-2 weeks)
If you are thinking about hiring employees, it is important to create proper payroll and employment agreements. Our HR experts can help you create payroll systems, write employment contracts, and ensure that you are following labor laws, so that you can concentrate on forming a skilled team.
Establish accounting and bookkeeping practices (2-4 weeks)
Having precise financial records is crucial for all businesses. Our team of accountants assists in setting up strong accounting and bookkeeping procedures to guarantee adherence to Switzerland accounting regulations.
Starting operations
With all necessary regulatory procedures completed, your company is ready to begin operations. The timing of this next step will depend on factors such as the type of your company, market conditions, and your level of readiness for the market.
Form a company with us
Are you ready to begin your business journey in Switzerland? Contact us now for a consultation and our experienced team will assist you at every stage. We collaborate to achieve your business objectives.