Banking and finance in Switzerland

The Swiss banking sector is the key factor in the economy, as it has an international reputation when it comes to the diversity of services offered, competence and sophistication. Swiss banks are typically engaged in various types of activities, in relation with both the private and commercial domain. Switzerland is considered to be the world leader in private banking.

Swiss banking

The role of the Swiss central bank is held by the Swiss National Bank (SNB), with Union Bank of Switzerland and Credit Suisse being the two major banks in the country.

AG vs. GmbH in Switzerland – differences and similarities

The most common types of companies established by foreign entrepreneurs in Switzerland are GmbH and AG. Both types of companies have their advantages and disadvantages, therefore the following information might be very useful for those interested in opening a company in Switzerland, to help them make a decision.

How to start a business in Switzerland

Switzerland is offering a very attractive business environment, including for foreign investors. The Swiss laws allow anyone, including foreigners to start a business in Switzerland, to form a company or to have a financial interest in one.

What you should know before you start your own business in Switzerland

However, there are certain conditions that are required. Only persons that hold a valid C permit, the spouse of a C permit holder or the spouse of a Swiss citizen have the legal right to start their own businesses in the country.

Corporate tax reform measures announced in Switzerland

In June 2016, the Swiss parliament passed the final corporate tax reform package meant to strengthen Switzerland as a competitive business location for foreign companies or entrepreneurs. The tax reform plan (CTR III) includes several tax reform measures related to the federal and cantonal tax laws. These measures may affect especially multinational enterprises that are currently doing business in Switzerland.

Company directors in Switzerland

Managing a Swiss company automatically implies having a board of directors, as it is one of the legal requirements in order to incorporate in Switzerland. Company shareholders appoint the company directors. However, company directors must meet certain requirements, depending on the type of company. The main regulatory framework that applies when appointing company directors is the Swiss Code of Obligations.

The Swiss VAT system

The Swiss VAT system is mostly in accordance with the European VAT Directive; however there are some important differences that need to be addressed, especially when it comes to foreign suppliers of goods and services. Therefore, it is strongly recommended for them to have extensive knowledge regarding the Swiss VAT legislation, before starting any commercial activities in Switzerland.

Top 10 reasons to incorporate in Switzerland

The choice of location for a business has become extremely important in today’s competitive economy. Switzerland offers many unique advantages for entrepreneurs willing to invest in the country, on economical, political and social level. Here are the most important reasons why you should consider investing in Switzerland, a small, yet highly developed country.

Open a company branch in Switzerland

Branch offices are commercially independent businesses of a parent company. Foreign companies are able to open branch offices in Switzerland. Company branches are legally dependent of the head office, thus they do not have a legal personality. The company branch has limited commercial independence. It means that it must carry out the same type of commercial activity as the parent company, in order to form a commercial whole with it.