Switzerland offers nowadays one of the best quality of business and life in the EEA. With high standards of living, politic and economic historical stability, this country offers low corporate and labour taxes. However, tax regimes may sensitively change from one canton to another.
What are the main types of company in Switzerland?
There are two major types of business entity for foreign investors:
- Limited Liability Company (SARL)
- Corporation (SA)
Main features of an SARL
- Mainly used for small to medium sized businesses
- Minimum share capital is CHF 20,000 (approximately EUR 17,000)
- No restrictions on foreign ownership
- Minimum of two people required to establish the company
- One of the directors must be a Swiss resident.
Despite a constantly low unemployement rate Switzerland (less than 4%) high skilled and well-educated workforce is always available with an advanced local recruiting sector. Switzerland has four official languages – French, German Italian and Romansh and English is widely used.
Swiss regulations are particularly soft as a general rule, but businesses should always be aware that companies are subjects to canton (state) and federal laws. Cantons have regulatory and taxation powers of their own and they differ from one canton to another.
Swiss companies are required to keep accounting records but there is no need to file annual financial statements or appoint statutory auditors. Annual returns must still be filed.
Please contact us and we will be pleased to discuss matters in greater detail.