The process of company incorporation in Switzerland consists in six steps, which can be accomplished in 18 days if all the documents are properly submitted and if the necessary share capital is deposited in a bank account before registration.
With high standard living conditions, Switzerland may seem as an appealing location for the individuals looking for jobs. That’s the reason why the unemployment rate in Switzerland is generally lower than in neighboring countries. Being an EU member state, it is very easy for Swiss companies to find suitable candidates for the vacant places, not only here but in all EU countries. While the nationals from the EU countries may work freely in Switzerland, people from outside the EU must apply for the appropriate residence and work permits. There are many recruitment agencies active in Switzerland, international and national.
3. What are the main points of interest for foreign investors in Switzerland?
Switzerland is famous for its service system based mostly on the banking system. Many foreign investors are opening their account in Swiss bank mostly because of the high confidentiality and advantageous conditions. The insurance sector also occupies an important place in the Swiss economy. Beside the banking and insurance, Switzerland has a very developed tourism as many foreigners choose to enjoy their holidays here. The electronics, the manufacturing of IT, high-tech equipment and biotechnology are main strengths of the industry. Besides this, the pharmaceuticals, the real estate, the health sector are also very developed here. Therefore it has a very high standard of living and a wealthy economy, with a high GDP. The low unemployment rate is attracting the foreign entities to open branches and new companies here. It is a renowned trading country with partners like Austria, Germany, Netherlands, Luxembourg, UK and France
4.What are the advantages of a holding company in Switzerland?
Swiss holding companies have certain incomes (dividends, capital gains and liquidation dividends) exempt from the federal corporate income tax, if some conditions are accomplished such as having capital obtained from gains from the disposal of shares held for more than 12 months and representing at least 10% of the company’s shares with voting rights attached. Also the dividends must be received from a subsidiary of which at least 10% of the nominal share capital is held by the Swiss holding company or if the shares have a market value of at least CHF 1 million. Another advantage is the VAT refund granted to the holding companies. The vast network of double tax treaties signed by Switzerland all over the years are assuring the foreign investors that their profits won’t be charged in the country of origin and in Switzerland and a minimized or exempt withholding tax on dividends, interests and royalties.
For more information about how to open a company in Switzerland or procedure of the incorporation feel free to contact our Swiss lawyers. We will be more than happy to assist you with legal advice and consultancy tailored to your business needs. Furthermore, we can put you in contact with our partners in case you need legal or corporate services in another jurisdiction, for example in Denmarkor in Slovenia.