Obtaining Special Permits and Licenses in Switzerland
Obtaining Special Permits and Licenses in SwitzerlandUpdated on Monday 13th May 2019
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Special licenses in Switzerland
When starting a business in Switzerland, certain business activities need an approval from local bodies, which are provided in the form of special business licenses and permits. Our law firm in Switzerland can assist businessmen with advice on the types of permits and licenses that are available here and can also represent investors in the procedure of obtaining such documents.
The registration of a company with the Swiss Commercial Register is usually enough when starting a business, as a general business license will be issued. However, if a company will operate in specific sectors, special licenses or permits will be required. In Switzerland, special licenses will be required when:
- • opening a financial company – the issuance of the license is carried out by the country’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA);
- • opening an insurance company – such companies also need a license that is issued by FINMA;
- • opening a transportation company – such licenses depend based on the types of activities developed by the company (transportation of goods or persons);
- • when opening a recruitment agency – the license is also needed in the case of persons who are hired as recruiters in a recruitment agency;
- • when opening a casino – there are several types of gambling licenses, for both online activities and traditional gambling operations.
Swiss lawyers, dentists, physicians and pharmacists are also required to apply for special permits before starting working. Another special license is required for those opening hotels or restaurants in Switzerland. A special business license is usually released within a week in Switzerland and our team of Swiss lawyers can provide an in-depth presentation on the main procedures that need to be concluded when applying for one of the above mentioned licenses.
Obtaining special retail permits in Switzerland
Retail permits are required for those opening restaurants and hotels in Switzerland. Foreign enterprisers applying for a special retail license must take into account they must obtain a wholesale trade permit with the Swiss Alcohol Board, according to the Law on Alcohol.
The wholesale trade license has a one-year validity period and is subject to a fee. Our Swiss attorneys can offer you more information about the licensing fees. The special license for selling alcohol is issued only to applicant providing financial security. Retailers are also required to obtain a special retail trade permit with the Swiss cantonal authorities.
Which are the Swiss authorities issuing licenses and permits?
There are several Swiss authorities involved in this procedure, depending on the business sector of the applicant company. Swiss special licenses and permits are obtained with the relevant authorities, as it follows: insurance companies are required to apply for an insurance license with the Financial Market Supervisory Authority, Swiss financial companies are also required to apply for a special license with the Swiss Financial Market Supervisory Authority, while casino licenses are obtained through the Swiss Federal Gaming Board.
How can a businessman obtain a casino license in Switzerland?
Do fintech companies in Switzerland need a license?
- • the investors should stipulate in their application the legal grounds for which the company needs the fintech license;
- • they must also provide a description of the company’s activities and the target group of future customers;
- • the application should include an extract issued by the Swiss Commercial Register;
- • it must also provide details on the company’s employees, the location where the company is set up and other similar matters;
- • the application must also provide details on the company’s capital and on the shareholders’ participation.
Depending on the activities undertaken the Swiss company applying for a special permit or license may also be subject to other requirements. Our lawyers in Switzerland will be able to provide you with more information about obtaining a certain type of license. You can also contact us if you need help with the company registration procedure.