Setting Up Your Company in Switzerland: The 5 Essential Steps


Setting Up Your Company in Switzerland: The 5 Essential Steps
Setting Up Your Company in Switzerland: The 5 Essential Steps
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Switzerland has always been an attractive location for business projects. Its stable market economy has the world’s highest per capita GDP, as well as the highest employment rate. Its transparent legal system creates a convenient environment for business operations. It shouldn’t be a problem to register company Switzerland.

Before you get started, you should analyze the organizational nuances in accordance with the national law. To start a business, you will need to take the following steps:

Step 1: Choosing the legal form

You should pick the most suitable form of business for your project. In Switzerland, there are four options to choose from:

  • The Sole Proprietorship is intended for one person. It doesn’t need a minimum capital. However, it needs to be reported to the commercial register with a turnover above CHF 100’000.
  • A general partnership requires two or more natural persons. A minimum capital isn’t required. But it needs registration in the commercial register.
  • The Limited Liability Company (LLC) consists of one or more natural or legal persons, with a minimum capital of CHF 20’000. It also requires an entry in the commercial register.
  • The Limited Company (LTD) gets one or more natural or legal persons involved. With the minimum capital of CHF 100’000, it is taxed on the company’s profits. This type of company requires registration into the commercial register.
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Step 2: Drawing up a business plan

You don’t dare to start your business without a clear business plan. It will help you organize the whole spectrum of work. Thus, you will have a clear understanding of what, how, and when needs to be done.

While working on your business project, you will be able to assess the progress. Try to be realistic about your resources and capabilities. Never underestimate how long it can take to launch a company. It’s in your very best interest to prepare yourself for different scenarios.

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Step 3: The foundation of your company

If you consider becoming self-employed, you should submit an affiliation form on the compensation fund’s website. You will need to attach some additional documents like copies of invoices, liability insurance, etc.

Is it an LLC or an LTD that you consider establishing? Then, you should take the next steps:

  • Make sure your company’s name is still available.
  • Deposit the minimum capital with the Swiss bank.
  • Sign the deed as the business owner in front of a notary.
  • Choose the board of directors for an LTD, and the managing partner and the auditor for an LLC.
  • Register your company within the commercial register.

As soon as your company’s name appears in the commercial register, it receives a paid-up capital at its disposal. The whole process takes up to 7 days.

Step 4: Taking out insurance for the employees and the company

Every type of business requires social and business insurance to ensure your company and everyone working in it. You will need to register as an employer using:

  • Disability Insurance
  • Earnings Loss Allowance
  • Unemployment Insurance
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The main point here is to protect all your costs from the slightest possibility of loss. Don’t let your business be jeopardized!

Step 5: Bookkeeping

Accounting always causes problems for businesses. It simply has a lot of details that might seem confusing to business owners. This is where bookkeeping is meant to help you manage your business correctly. The smallest expense, income, or payment must be based on real facts and genuine figures. Remember to keep bookkeeping throughout the year. If you aren’t comfortable with numbers, you should ask professionals for help.

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Conclusion

Did you get it? To register a company in Switzerland, you should follow a standard procedure. If all goes well, you will become a lucky business owner in one week only. Use your chance of achieving business success in the safest place.


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