Official Name: Switzerland
French, German, Italian, Romansh
- Consultation (in person, online, phone)
- Helping to prepare your documents
- Start to finish your company registration process
- Immigration services
Switzerland is located in western Europe and is a member of the Schengen Agreement. The city of Bern as the capital of this country as well as the cities of Zurich and Geneva have a political and economic position in the world. The Swiss people speak three main languages, French, German and Italian, and thus provide a good platform for foreign companies to enter the country.
Switzerland’s reputation is largely due to its political stability, advanced economy and banking system. It is therefore home to important international organizations such as the United Nations, the World Trade Organization and many of the world’s political and economic conferences.
Switzerland always has good conditions for investment. It is an effective member of most of the world’s economic treaties; Therefore, investing by registering a company in Switzerland is very profitable.
What are the steps to register a company in Switzerland?
Individuals can obtain the necessary approval from the Swiss government to register a company after submitting the required documents and filing a case in Switzerland with the help of lawyers and in coordination with the Ministry of Commerce and the Ministry of Foreign Affairs. After scheduling an interview at the Swiss Embassy in Iran, a 1-year business visa will be issued to the applicant and their family to start the company.
Does registering a company in Switzerland make people stay in the country permanently?
Yes, people can apply for permanent residency by registering a company and renewing a business visa, after 3 years of useful work in the country by submitting turnover documents and paying taxes on time.
Is it necessary to register an office in Switzerland in the process of establishing a company?
Yes, one of the most important requirements for registering a company in Switzerland is to register the company’s office in a legal and legal manner so that all the company’s legal documents are approved and reviewed there.
What is the initial capital to set up a company in Switzerland?
The initial capital required to establish a company starts at 20,000 francs, of which at least half must be paid to the country’s banks to begin the registration process. The value of each share in Swiss companies is about 100 francs.
Is self-reliance possible in Switzerland?
Yes, investing in Switzerland is also possible through self-support.
What are the conditions for self-reliance in Switzerland?
According to Swiss immigration law, only people over the age of 55 can use this scheme and must have the required financial means.
The benefit of company registration
- 100% ownership (no local partner required)
- Access to all Schengen areas for travel, business and long stay
- Possibility to apply for permanent residence after 3 years
- Possibility to apply for a passport 5 years after obtaining permanent residence
- Easy visa application for all parts of the world
- Opening a personal and corporate account
- Use of European trademarks (brands)
- Free trade and customs laws within the EU
The disadvantage of company registration
Swedish people work culture and have an ID number
If you are a foreign national and want to start a business in Sweden, different rules apply depending on whether you are an EU / US citizen or a non-EU / EEA citizen .
Normally, each person whose name is registered in the Swedish population register will be given a unique personal identification number that indicates their date of birth and other personal information.
If you enter Sweden as an investor you do not have this coordination number, so you must prepare for registration. In this case you can get a coordination number from the Swedish Tax Office. Getting this coordination number is a big challenge in itself. This registration number is actually a temporary personal identification number that you need to register in the Swedish company registration process.
It is worth noting that exactly when you need to do this in the shortest time, you realize that you can not personally order the coordination number!
In fact, you have to apply for immigration to Sweden through a government agency. In the simplest case, you can ask the Swedish National Agency for Tax Administration to order a coordination number from the Swedish Tax Agency.
Swedish free labor market
The labor market in Sweden is very competitive for foreigners. This means that companies in a country like the United States face stiff competition from suppliers in Sweden and third countries.
U.S. investors are using advanced technology as well as competitive pricing and other conditions to overcome this challenge and provide better employment and income. Competing in such a market can be difficult.
Swedish business culture from the perspective of an immigrant
The ethics of Swedes in the business market are such that they express their thoughts quite correctly. They are often unaware that their international trading partners may have a different opinion. In addition, the Swedish meetings are short and numerous.
The Swedes hold meetings to see if everyone is present. If all members are not present, the meeting will be postponed to another time.
They may agree or disagree, but what they will agree on is the exact time and date of the next meeting. Due to the sensitivity and precision of the Swedes, all corporate meetings in Sweden are short but in large numbers.
Expenses and taxes in Sweden
Sweden’s high cost and cost of living, labor costs and individual tax rates are among the highest in the world. The VAT rate of 25% is related to the import or sale of most products.
Representing about 20% of Sweden ‘s GDP, public purchases at all levels are well above the EU average of 11%. Using innovative products and services in the public bidding process is a major systematic challenge that you face in examining the problems and disadvantages of registering a company in Sweden.
Swedish social ethics
Swedes rarely say yes or no. This means that instead of saying the word yes or no definite, they prefer to use indefinite and probabilistic words.
You know that sometimes saying “yes” or “no” can lead to conflict, so Swedes avoid these words and say “close”, “maybe” and “I will see if I can”. I do ”and exchange similar words.
Foreigners may become hot, irritated, or even angry. In Swedish business life this behavior is called hysterical. Hysteria is abnormal and uncomfortable and should preferably not occur during office hours. You may be wondering how the Swedes decide on the ground.
Some Swedish business people sometimes call this incomprehensible “decision anxiety”. For a foreigner who has grown up with another culture, adapting to that culture in the workplace will take some time.
Working in Sweden
Despite all of the above, entrepreneurship in Sweden seems to be very surprising and profitable. The fact is that Sweden is an innovative and creative country, and someone who succeeds in registering a company in Sweden may be able to appear very successful in the global market, based on its international capabilities.
Types of companies in Switzerland
Public participation in Switzerland
Public Participation is a grassroots business association in Switzerland. This type of company is similar to a type of individual ownership, except that it involves more than one person. Public participation in Switzerland is used when two or more people jointly run a company. Public participation in Switzerland does not require any capital and is also one of the important rules for this type of registration of Swiss citizenship. The company must have a specific address in Switzerland.
All partners in this type of company registration have unlimited responsibilities, one of which must be mentioned in the company brand and registration in the Chamber of Commerce and Commercial Register is required. Once the partnership has been completed, complete accounts must be submitted with the income statement. A public partnership does not have legal personality, so it does not have a legal entity, although it may be prosecuted under the company name.
Public Joint Stock Company (AG / SA) in Switzerland
This type of company is the most common form of business in Switzerland and is considered as an independent legal entity. At least one board member or a director of a public company must be resident in Switzerland and have the right to sign. The liability of each partner of a public limited company in Switzerland is limited to the value of the company’s assets and the minimum amount of capital of the shareholders of a public limited company in Switzerland is CHF100000 (Swiss franc) for which CHF50,000 (Swiss franc) must be paid in full. The process of registering a public company in Switzerland usually takes between 2 and 4 weeks, after which the company is recognized as a legal entity.
Co., Ltd (GmbH / Sàrl) in Switzerland
Another legal entity in Switzerland is a limited liability company: the company requires a minimum capital of CHF20000 (Swiss francs) of which CHF10000 (Swiss francs) must be paid in full. At least one CEO is allowed to register by the company who must be resident in Switzerland. In general, all members of the company cooperate jointly in the management and representation of the limited liability company in Switzerland. However, company management may be outsourced. This type of company is cheaper than a public company, but unlike a public company, shareholders are generally registered in the commercial register.
This type of company registration is much more common in Switzerland than public participation, because in this type of company, public partners have unlimited liability, while limited partners can be liable up to the agreed amount. Registration with the Chamber of Commerce is mandatory for companies with limited participation in Switzerland. One of the reasons for the popularity of a limited liability company in Switzerland is the law that does not hold the partners liable for the company’s debts more than the capital they have invested in the company. This means that if the creditors of a limited liability company in Switzerland apply to the company for their claim but the company’s assets do not cover the company’s debt, the creditors cannot seize the partners’ personal capital.
Subsidiary in Switzerland or branch registration
The subsidiary is an independent legal entity affiliated with foreign entities and is more inclined to operate as a “Swiss” company. The subsidiary can be a company or a limited liability company. A branch of a company is a legal entity affiliated with the parent company, but is financially independent of the head office operating abroad. In this type of company, the foreign parent company is responsible and this branch is taxed in Switzerland as a Swiss company. This type of company license is also granted to people living in Switzerland. Do this if you really want to register a company or business in Switzerland.
The company registration process
Steps to register a company in Switzerland and obtain residency
- File through a group of lawyers in Switzerland
- Coordination with the Ministry of Commerce and the Ministry of Foreign Affairs
- Receive approval and approval of the Swiss government for the
- Business Plan
- Permission for business activity for the applicant
- Schedule an interview at the embassy and obtain a D visa for the applicant and their family
- Presence in Switzerland to receive a one-year residency and complete the company registration process
- Extension of residence after one year and submission of company work report
- Permanent residence after 3 years of residence in Switzerland and in case of positive business activity for the applicant and his family
Documents required to register a company in Switzerland and reside
- Company name (provided by yourself)
- Fill in the company registration form in Switzerland
- Passport scanning of shareholders and CEO
- Business Plan
- Ownership document and printing of bank account
- Copy of the last degree
- Power of attorney (to be signed by the client)
Dr. Mehdi Pourmazaherian
For additional information on company registration in Switzerland, please send your request and contact Dr. Mehdi Pourmazaherian directly.