What You Need To Start A Business In Switzerland
11 Jan 2016 in Business
Whether you are a citizen of Switzerland or are from a foreign country, there are a lot of potential benefits to starting a company in Switzerland. Depending on where you are from, the tax situation may be drastically improved in Switzerland when compared to the other choices available to you. The costs of labour or manufacturing may decrease as well. Indeed, running a business in Switzerland has many benefits not offered in other places and this is resulting in ever-increasing interest in Swiss company formation. However, forming a company can be complicated and stressful, so what should you do? Below are some tips that will help you as you begin this endeavor.
Hire an Experienced Professional
There is no better advice out there than to hire an experienced company or legal professional when it comes time to form a Swiss company. Setting up a business in Switzerland is complicated, especially if you are not familiar with the many factors that make Switzerland unique in terms of taxes, legal complications, and more. Professionals can prepare you for contingencies that you have not yet thought about and help you make preparations that will save you a lot of time and money. For example, are you familiar with all of the ways to save money on taxes in Switzerland? If you are considering forming a company there, it may be due to the fact that you have heard it is a tax friendly country when it comes to businesses. This is true, but you have to understand the tax laws in the country to fully benefit. A simple mistake in the formation of your company could be costly. Hiring an experienced professional or company will more than pay for it over the years that you will be running your business inexpensively in Switzerland.
Start with a Plan
Before you can begin the actual legal procedure that will be required to form your company, you’ll need to have a plan. Of course, you will need to know what your business is going to do, but it is important that all of this is documented so that you do not have problems in the future. First, you will need to have a business plan written out with details about what your business will offer to customers. You should also have marketing materials and contracts from any customers or suppliers. All of this documentation will help to prove that you are starting a legitimate business.
Depending on what type of business you will be starting, you may need to have additional paperwork. The above documents are important to have if you are starting a sole proprietorship, but will generally also be helpful in larger companies. In many cases, sole proprietorship will move on to become Limited Liability Companies (LLCs), and when this happens you will need several notarized documents. First, you will need documents from the bank which show the assets your company holds. You will also need copies of your founding documents. It is generally helpful to have your business plan as well, although this is not always a requirement. Ultimately, there are hundreds of individuals steps involved in forming a company in Switzerland, so it is always best to get professional assistance or advice.