Switzerland is known as a business hub globally and offers excellent incentives to foreigners who plan on setting up a company in Switzerland. Be it large businesses or small, entrepreneurs in Switzerland can significantly benefit from business-friendly measures such as a liberal tax system, stable economy and political climate, skilled workforce, and flexible business regulations.
A business consultancy firm is one of the most sought-after business opportunities in Switzerland, and rightfully so. Some of the benefits of starting your consultancy firm include minimal overhead costs, job flexibility, and so forth. In addition, the best business consultants are experts or boast a great deal of experience across their respective fields of business.
It is a well-known fact that Switzerland is one of the most affluent and successful economies globally. Besides a stable economy that goes back decades, the country also boasts a lenient tax regime. The government has entered into double taxation treaties with around sixty nations across the globe. Thus, the time for Swiss company registration is now. Read on to learn more about starting consultancy business in Switzerland!
What Constitutes a Business Consultancy Firm in Switzerland?
In Switzerland, a consultancy business can offer its expertise across several different business areas. Consultancy professionals shall offer their services in a way that both gives a competitive edge and follows the current market pricing trends.
Foreign nationals hoping to make a mark in the consultancy sector shall boast a great deal of knowledge and experience in the field of their interest, such as finance, strategy, insurance, etc. Business consultancy firms should be able to help clients out in the following areas:
- Banking and Finance
- Management and Administration
- Technology and Internet Communications
- Human Resources
- Logistics and Strategy Planning
The quality of the service and the business solutions will be the crucial factors determining the success of Swiss consulting companies.
What Are the Different Business Structures for a Business Consultancy Firm in Switzerland?
There are many things you need to consider before kickstarting company incorporation in Switzerland in the consultancy sector. First and foremost, you must ensure that you are equipped with a successful business idea. Then, you must also pick the correct legal entity or structure for your business.
Foreigners planning on Swiss company formation must be a Swiss resident or boast a Swiss legal entity, or have a Swiss resident partner.
There are seven business structures at your disposal which include:
This is one of the most common types of company in Switzerland after a standard corporation or a “joint-stock” company. It is best suited to those entrepreneurs, who want to serve as sole owners or work for themselves, such as freelancers, small businesses, etc. Swiss law mandates registration with the Chamber of Commerce if annual sales exceed CHF 100,000.
This type of business structure involves a small association of people running a business in Switzerland. Under this category, two or more people can be involved in a business. All partners need to be Swiss residents, and the company shall have a Swiss address. In addition, the name of one partner must be displayed in the business name of the company.
This is a lesser-known type of general partnership wherein general partners boast unlimited liability and limited partners have limited liability.
●Corporation/Joint Stock Company (AG/SA)
It is one of Switzerland’s most common business structures, and the corporation serves as an independent legal entity. A member of the board or the director shall be a Swiss resident with sole signatory rights.
The liability is limited to the value of the company’s assets, and the minimum value of shareholders’ equity is CHF 100,000, out of which CHF 50,000 must be fully paid.
●Limited Liability Company (GmbH/SH)
If you wish to incorporate your company as a limited liability company in Switzerland, at least one managing director shall reside in Switzerland, who can sign instead of the company. In addition, this type of company mandates a minimum shareholders’ equity of CHF 20,000, of which CHF 10,000 must be fully paid for.
A subsidiary serves as a legally independent entity, which is associated with a foreign entity. It fulfils the role of a Swiss company more than that of a branch of a foreign company. The subsidiary can take the form of a corporation and limited liability company.
A company branch is legally dependent but financially independent, and it operates in a region other than the home country. At least one Swiss person with legal authority is mandatory.
Entrepreneurs planning on setting up a company in Switzerland in consultancy can start small and then merge with others in the same business field. They can also serve as an extension of a foreign parent company in the form of a branch or a subsidiary.
All Swiss companies are subject to the Swiss taxation regime and may have to acquire special permits and licenses based on the services offered. So what are you waiting for then? If you wish to explore the plethora of Swiss business opportunities or learn more about starting a company in Switzerland, contact us today!