Limited liability Company in Switzerland
Switzerland is a renowned country for the quality of its life and living style. It is a choice destination for investors because of its profitable market and flexible tax system.
In addition, the legal framework for this country encourages both businesses and private individuals to take advantage of the numerous benefits provided by this state.
The Swiss limited liability company or the Gesellschaft mit beschranker Haftung (GmbH) is one of the most common types of company in Switzerland.
They are specific structures and standard procedures required to start an LLC/GmbH in the Swiss territory. Choosing the right company (or GmbH) is determines a crucial element of your company. It is also a decision that will save you on taxes and keep you out of trouble with the banks.
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Our company can provide legal and financial consultations to startups and companies on the best ways to legalize their business and acquire a GmbH status.
We are always available to calls from clients who are willing to start a Limited Liability Company in this part of Europe. You can reach us for more information by pressing the button below.
Limited liability Company registration conditions
Registering a GmbH comes with many legal conditions and responsibilities on the company executives and shareholders.
For starters, foreign entities and investors looking to set up a business must be legal residents, have a business partner who is a Swiss resident, or have a Swiss legal entity.
A Non-Swiss resident can open a Limited Liability Company in Switzerland without a work permit if a shareholder is a Swiss resident.
Timeline
All the necessary paperwork for registering a Limited Liability Company in Switzerland takes a few weeks to complete. Below is a representation of the timeline of each procedure;
Operation | Timeline |
Approval of work permits (Non-Swiss) | Three months |
Setting up entity | 3-4 weeks |
Opening a Corporate bank account | Four weeks |
Fees
The minimum share capital for a Limited Liability Company is CHF 20,000. It is a mandatory requirement for all Limited Liability Companies in the Swiss territory.
Other engagement costs required to set up a GmbH have been estimated to be around €12,000. Cost varies depending on the type of company and its industry.
Compulsory regulation
Switzerland provides one of the best environments for businesses and companies. However, the Swiss federation has some strict rules for the registration of LLC and other types of corporations.
Here’s a summary of the rules and eligibilities required by Swiss law for foreign entities that want to obtain an LLC status.
- Rules concerning Taxes and VAT are mandatory and levied by the Swiss federal tax administration. Therefore, resident companies must adhere to the rules and guidelines provided by the Swiss federal tax administration.
- Limited Liability Companies are also obliged to open a corporate bank account and deposit the share minimum capital in the said account.
- Every registered company is legally required to present acceptable accounting standards for bookkeeping, account records, and annual financial statements to the government.
- Finally, companies must enrol their employers into the National Insurance System; this is done after the company registration is complete.
Please know that this is just a highlight of what is required by the state. For a more detailed and personalized outline of the rules required to establish a GmbH, send us an email, and we’ll send a copy of the legal requirements for your business, service, or industry.
To register a GmbH in this part of Europe, you’ll need the help of a local specialist and legal consultants. Our company promises to provide the best legal and financial expertise in this regard.
Documents
Here are some of the documents you’ll need to register a Limited Liability Company in Switzerland;
- Passport photographs of the director(s) and shareholder(s)
- Identity document of the director(s) and shareholder(s)
- Proof of residence (phone bill, electricity bill)
- Bank reference letter or bank statement
- A draft copy of the articles of association
You’ll need the help of a competent group of specialists to provide legal advice and relevant data to ease the registration process.
Our company plays a huge role in helping startups, investors, and entrepreneurs registering their companies in the Swiss territory. We handle the complexities while you focus on your business and new customers.
Our experts will provide a guide that will clarify every arising question on the relevant issues.
Consultation about Limited Liability Company registration
Our advisory services for setting up a Limited Liability Company in Switzerland are tailored to assist you in every stage of establishing your business. Our experienced consultants will lead you through the process from preparing the initial paperwork to obtaining the required permits and registrations. We offer individualized advice on legal obligations, share capital, and corporate organization to support you in making well-informed decisions that are in line with your business objectives.
Ownership management
The task of managing ownership in a Limited Liability Company is intricate yet essential. Our services involve handling ownership changes, overseeing beneficial owners, and managing ownership transfers. We guarantee that all ownership changes are adequately documented and adhere to current regulations.
Corporate structure changes
As your business grows, the structure of your company may also need to change. We offer a full range of services to help you easily and efficiently make adjustments such as changing directors, updating nominee information, and making other structural changes.
Share capital management
Proper management of share capital is crucial for the financial well-being of your company. We provide assistance in boosting, minimizing, selling, and transferring share capital, guaranteeing precise execution of all transactions while complying with legal regulations.
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