How long does it take to set up a company in Switzerland, and what are the costs?

Once the preliminaries for setting up the business have been settled (corporate structure, legal form, consultation etc.), a Swiss company may be set up in 2-3 weeks. The process may be accelerated further in cases where time is of the essence. The fixed costs for setting up a Swiss company are usually around CHF 7,500 (excl. VAT). Total startup costs vary by authorized capital.


How much of a Corporation's Share Capital has to be paid in?

The minimum capital is CHF 100,000 of which at least CHF 50,000 has to be paid in (at least 20% per share). Registered shares may be issued if at least 20% of their nominal value has been paid in. Bearer shares may only be issued if their entire par value has been fully paid in.


Are there any laws regarding the nationality of the Company's founders, and is their presence required during the incorporators' meeting in Switzerland?

The nationality of the company's founders is irrelevant. Their presence at the incorporators' meeting is not required as the founders may appoint a nominee such as CSF who will act on their behalf.


What are the requirements regarding the nationality of the Members of the Board of Directors?

The majority of the members of the board of directors of a Swiss corporation must be Swiss citizens or citizens of a member state of the EU or the EFTA and must be domiciled in Switzerland.


May the Members of the Board of Directors and the Management be liable to shareholders or creditors?

The members of the board of directors and the management are jointly and severally liable to the corporation, any shareholder and any creditor of the corporation for damages caused by willful or negligent violation of their duties.


What are the corporate tax rates, and what tax incentives exist?

Switzerland is characterized by a low overall tax burden for companies. There are attractive options for optimizing corporate taxes on a case by case basis. Depending on their choice of location and business focus, Swiss companies may enjoy tax incentives or other benefits.


What license is required if the Swiss company will be engaged in the provision of asset management services?

A Swiss corporation acting as independent asset manager must apply for a financial intermediary license before starting the activity. Such license is granted through the Anti-Money Laundering Control Authority (AMLCA) or a Self Regulatory Organization in Switzerland.