Switzerland

Taxation in Switzerland

Switzerland is a federal republic and is officially known as the Swiss Confederation and is a landlocked country in Western Europe. The country borders with Germany, France, Italy, Austria and Liechtenstein.

Switzerland has one of the highest levels of life quality of the world. It is divided in to 26 Cantons and every Canton and every community has a different taxation system. Many international organizations have established their representative offices in Switzerland, but the country has decided not to join the EU. The term of offshore company is not used in Swiss legislation or in a company description forms even if they offer tax-privileged treatment to that obtainable in offshore jurisdictions.

Switzerland has a prosperous and stable modern economy with a per capita GDP approximately 10% higher than other Western European countries.

Switzerland is a civil law jurisdiction and companies are regulated by the Civil Code. In comparison to common law countries, civil law jurisdictions are more bureaucratic. Following the Civil Code of the Federal Level, every Swiss canton has a separate Commercial Register, which is a public document, and has power to adopt some local regulations for corporate entities. Therefore, you have several entity types you can incorporate: Stock Corporation, Holding Company, Domiciliary Company, Auxiliary Company, Mixed Company, Service Company, Branch, General Partnership, Limited Partnership, Limited Liability Company and Sole Proprietorship. For the international taxation schemes purpose there are only two kinds of companies widely used - joint-stock corporations (AG) and limited liability companies (GmbH).

The minimum authorized capital is CHF 20,000 and minimum paid up share capital is CHF 20,000.

The benefits of a Swiss company formation: high international prestige and authority of the country - one of the most developed and most powerful economies of the world; specials of holding company registration, a large number of taxation conventions signed; customer confidentiality; reputable banking secrecy.

 

Switzerland

General Information

Type of entity

GmbH/SARL/ LLC

Political Stability

Excellent

Common or Civil Law

Civil

Disclosure of Beneficial Owner

Yes

Migration of Domicile Permitted

Yes

Corporate Taxation

Yes

Language of Name

Latin Alphabet

Corporate Requirements

Minimum Number of Shareholders/Members

1

Minimum Number of Directors/Managers

1

Corporate Directors / Managers Permitted

No

Company Secretary Required

No

Usual Authorized Capital

CHF 20,000

Minimum paid up

CHF 20,000

Local Requirements

Registered Office/Agent

Yes

Company Secretary

No

Local Directors

Yes

Local Meetings

Yes

Government Register of Directors/Managers

Yes

Government Register of Shareholders/Members

Yes

Annual Requirements

Annual Return

Yes

Submit Accounts

Yes

Annual Audit

Yes

Annual Review

Yes

Recurring Government Costs

Minimum Annual Tax/License Fee

Varies

Annual Return Filling Fee

Nil

Switzerland Incorporation Costs

Company registration

6,000 Euro

Registered office

1,300 Euro

Nominee Directors

3,500 Euro

*Seychelles Nominee Shareholder

800 Euro

Administrative costs

1,300 Euro

Accounting costs depend on the amount of work needed.

*optional