Starting any business needs systematic and strategic planning.
The procedure turns out to be more intense when it comes to incorporating a company outside the country of residence, or in short, in a foreign jurisdiction.
Switzerland is a perfect offshore business destination that business investors widely prefer.
If you incorporate a company in Switzerland as a non-inhabitant, you are right on the pattern. Probably the biggest worldwide companies are settled in Switzerland. Over 33% of the investors are foreign investors without a home in Switzerland.
This treatise highlights the core essentials that are to be considered when opening an offshore business in Switzerland.
1.A Clear Business Picture
Before you start a business, it is always important to be clear about the type of business you will indulge in.
Getting a clear idea about the same will give you a complete idea about the essential steps that need to be taken.
2.Plan the Details
Once you are done with the planning part, you need to get the detailing. This involves calculating the financial budget, finalizing the physical space, deciding the trade name etc.
It is essential to keep noting the essentials as it will help you prepare and monitor the tasks to be completed on the to-do list.
3.Shareholders and Directors
Directors and shareholders are the core pillars of any business that can’t be avoided. While incorporating an offshore business in Switzerland.
By definition, a shareholder turns out to be the company's owner, whereas the directors are the company's managers.
In certain instances, the same person can perform both the duties unless it is well-defined in the articles of association.
Documents are something that you can never skip when it comes to company incorporation. When it comes to starting an offshore business in Switzerland, the following documents are what you need to be ready with:
- A duly filled application form stating the offshore company formation
- Identity and address proof of the shareholders
- Well-drafted business plan
- Memorandum of association (MOA)
- Articles of association (AOA)
5.A Finalized Business Structures
Picking your business structure is a significant choice, so you have to investigate every alternative cautiously.
What kind of business structure will you utilize? Will you be a sole merchant, in an organization, or a legal entity? There are preferences and drawbacks to consider for each.
In case you are thinking to start a company in Switzerland, you should know that there are seven distinct kinds of companies to browse:
- Sole proprietorship
- General partnership
- Limited partnership
- Joint-stock company (AG/SA)
- Limited liability company (GmbH/Sàrl)
6.Essential Paid-up Capital
The next essential parameter that one needs to have before starting a company is Money. Make sure to have enough investment capital to initiate your business foundation.
Last but not least, you need a certified expert who can help you to complete the legal proceedings at ease. This is an important step and is a must because, being a foreigner, and you can’t carry out the complete legal formalities related to business incorporation.
Here’s a guide that highlights the Core Reasons for Hiring an Offshore Business Consultant that will give a complete idea of the benefits that you can avail.
Thus, you have got an idea about the essential parameters that are to be considered when it comes to starting an offshore company.
Now, to proceed ahead, it is highly recommended to get an advice of an expert, which will help you to go through the right steps.
At Business Setup Worldwide, we take care of the company incorporation steps for our esteemed clients. Right from incorporation to opening a corporate bank account, we assist in the complete proceedings.
For more information, feel free to discuss with our experts. Contact us today-we’d be glad to assist!