Swiss company incorporation – How it will help your business

Switzerland is one of the countries which offer a favorable environment for beginning a business. Neighborhood residents and foreigners, 18 years old or more, can register a company in Switzerland, the length of it is in compliance with the existing regulations and requirements for companies. It is recommended to seek the services of a professional firm when joining a business especially for foreign entrepreneurs because Switzerland law doesn't enable foreigners to self-register a company.

Most private companies in Switzerland are registered as private limited companies. Aside from being limited to just 50 shares, the Swiss company incorporation constrains the liabilities of the shareholders to the measure of share they have in the company. Beyond the value of their shares, they won't be made accountable for the company's debts.

Registering a new company or converting an existing business to a company in Switzerland is speedy and efficient because of the completely computerized system. The fastest that a company can be incorporated is 1-2 days. Presently, what is the procedure to incorporate a company in Switzerland? The accompanying records the imperative steps.

1. Know the eligibility requirements of a Swiss company formation. Before registering a private limited company at the Switzerland Registrar of Companies, there are certain things that must be considered. The company must:

• Have no less than one director who must be a Switzerland Citizen, Switzerland Permanent Resident, an Employment Pass holder or Dependent Pass holder
• Have no less than one shareholder who may likewise be the director
• Have a business name which is not identical to any other registered business name
• Have a residential location the place of business which must not be a PO Box.
• Not have any liabilities or have made payment arrangements.

2. Get endorsement for a company name. At any rate prepare a few possible business names when documenting the application at the Company Registrar. In case your first or second choice is already registered or doesn't get approved, you are ready with another alternative.

This process as a rule takes less than an hour until the point when you get a notice of endorsement or rejection. However, in the event that extra endorsement from other government specialist is necessary, the endorsement may take a few days or weeks. The latter is often the case with company names associated to banks, finance, media and law.

3. Register the company. After the company name has been approved, you need to incorporate your company inside 60 days. File the incorporation request together with the incorporation documents, for example, the Memorandum and Articles of Incorporation which are signed by the director/s and shareholders of the company.

Registration of companies may likewise be done through the Online Business Licensing Service or OBLS. This is advantageous for companies, for example, private schools, childcare centers and video companies, which need extra permits and licenses. The registration and application for such permits and licenses are done through professional companies that understand the procedure and does this work many other companies from all over the world.

Rusca Dimitri works in for a trade finance company for more than 20 years. He has good management skills and during his free time he writes short articles on Swiss company formation, and Swiss company incorporation.

Rusca Dimitri works in for a trade finance company for more than 20 years. He has good management skills and during his free time he writes short articles on Trade Finance Systems, and Trade Finance services.