Forming an LLC in Switzerland has several benefits, particularly for foreign business owners without a Swiss residence. This article covers the benefits of a Swiss LLC, the legal requirements, the business formation process, and how expert assistance greatly simplifies the process.
Why set up an LLC in Switzerland?
One of the most common business forms in Switzerland is the limited liability corporation (LLC), which is rather simple to set up and clearly divides personal and business assets.
- Liability limitation: Your assets are safeguarded because your liability is capped at the share capital.
- Tax rates that are appealing: Switzerland is renowned for its tax clarity and provides attractive business tax rates. See Switzerland’s tax system overview.
- International recognition: Having your company’s headquarters in Switzerland lends your business legitimacy and a professional reputation worldwide.
Is it possible for a foreigner without a domicile in Switzerland to set up an LLC?
Foreigners can form an LLC even if they do not have a Swiss residence. But there are several requirements:
- Management: The management must include at least one Swiss resident.
- Proof of capital: the funds required for the foundation must be deposited in Switzerland.
Because of these laws, Switzerland is especially appealing to business owners who desire to operate internationally while enjoying the benefits of a Swiss corporation.
What benefits can a Swiss LLC offer?
Tax attractiveness
LLCs have a beneficial tax structure.
This comprises:
- Competitive corporation tax: By choosing your location, you can maximize Canon’s various tax rates.
- Double taxation agreements: Switzerland uses extensive international agreements to shield LLCs from double taxation, just like it does for other types of businesses.
Adaptability and simplicity in administration
Compared to a joint-stock company (JSC), an LLC is more straightforward to incorporate and provides:
- Reduced minimum capital: To form an LLC, you need just CHF 20,000, which must be paid in full.
- Minimal management needs: Management is made easier by a straightforward structure and less complicated accounting and reporting obligations.
Security and a professional image
An LLC in Switzerland lends high professionalism and trust to your firm, which is especially beneficial when doing business internationally.
What are the requirements set forth by law?
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Minimum amount of capital
To form an LLC, you need a minimum capital of CHF 20,000, which must be paid in full prior to the company’s foundation. You can donate the capital using tangible assets or cash.
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Local administration
The management team must have at least one Swiss resident. This individual may serve as an external representative or trustee, allowing foreign founders to fulfil the criterion.
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Corporate Office
Switzerland must be the location of the LLC’s formal registered office. If a physical presence is not necessary, a domicile or a virtual office can handle this office.
The establishment process and expenses
It typically takes two to four weeks to establish a GmbH. The steps and expenses involved are as follows:
- Planning and consulting: Expert advisors help with tax and legal planning. The prices vary depending on the provider.
- Registration and notary fees: The notary fee for the foundation and commercial registration entry is CHF 1,000 to CHF 2,000.
- Capital requirements: You must deposit CHF 20,000 into a blocked account before establishing.
Why using GERAI LTD makes the procedure considerably simpler
The formation of your LLC becomes simple and effective with our assistance. We provide you with a full range of services that address every step of the founding process:
- Complete processing: From planning to formal founding, we handle every stage.
- Personal guidance: Together, we choose the best canton and examine the best structure for your LLC.
- Quick and easy processing: We promise a swift and error-free process because of our experience and relationships with notaries and authorities.
Please contact us immediately at GERAI LTD with any questions.