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
Bookkeeping and accounting is a vital document for any company operating in Switzerland. The Swiss federal tax administration requests annual financial reports of Companies.
We have a team of accountants and financial advisors that keep track of Companies’ financial reports and provide annual financial statements to the authorities.
Accountancy
Bookkeeping and accounting is a vital document for any company operating in Switzerland. The Swiss federal tax administration requests annual financial reports of Companies.
We have a team of accountants and financial advisors that keep track of Companies’ financial reports and provide annual financial statements to the authorities.
Taxes
Taxes may never be a top choice of dinner conversation, but taxes are still an essential topic for everybody to know.
The main reason why most investors choose Switzerland is its economic stability and security. The Swiss government also provides certain tax breaks to save you tens of thousands of dollars in taxes.
Swiss tax laws are observed both on federal and Canton levels. VAT is about 8.5%, which is the lowest rate in Europe.
Bank account
One of the most significant challenges non-Swiss corporations may face is opening a bank account in Switzerland. Swiss banking laws make it difficult for foreign companies, including foreign LLCs, to open bank accounts.
Our company will provide you with all the necessary steps and information to incorporate in Switzerland, including getting a corporate account for your business.
Getting incorporated or acquiring an LLC status in Switzerland is a well-respected way to do business globally. Low taxes, favourable jurisdiction, global market access, and a legal system in line with international standards make this an excellent option for business in the 21st century.
Our company comprises professional lawyers, accountants, and tax specialists who genuinely understand international entrepreneurs’ challenges.
Let our company help you set up an LLC in Switzerland. Every member of our team is local, so they understand the system and procedures required by each Canton.
It means that no matter your business or industry, we can make your company 100% compliant with Swiss law.
Other legal forms in Switzerland
Discover other types of legal business forms in Switzerland by pressing the button below:
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