Switzerland is one of the most beautiful countries throughout Europe, and it is also known as the financial capital of the continent. Some of the world’s largest banks and investment companies are headquartered in Switzerland. If you are interested in establishing a holding company in Switzerland, there are a number of different things that you need to keep in mind. Despite the fact that the laws of Switzerland give extensive leverage to entrepreneurs and business owners who are looking to make an investment in the country, they are very strict. Failure to abide by the laws can lead to hefty fines and sanctions that could affect your company’s going concern. If you are interested in establishing a holding company in Switzerland, you need to keep a few things in mind. Here are a few things that you should know about setting a business in this country.
What Is a Holding Company?
Before proceeding further, you need to understand the definition of a holding company. A Swiss holding company is a company that is primarily created for holding and managing its participation in other companies. In order to be classified as a holding company in Switzerland, the company must not be actively conducting any other business activity within the country. If you want to establish a company in Switzerland, you need to read about the administrative divisions in Switzerland, known as Cantons. There are 26 cantons in Switzerland that are also known as the member states. They are simply administrative divisions with their own laws, so the tax charged in certain cantons might be higher than others. If you want to establish a company, you should think about setting one up in Canton Zug. Swiss holding companies are generally headquartered here because of the tax regime is incredibly progressive and because of the business environment. In fact, one in four holding companies throughout Switzerland is based in Canton Zug.
Hiring an Administrative Firm
Hiring an administrative firm is one of the most important things that you have to do if you want to establish a holding company. The administrative firm will give you advice and legal counsel about the steps you need to take in order to set up your company. There are certain conditions that must be met before your company can be registered, such as the minimum amount of investments and participation in other companies. The administrative firm will guide you throughout the process and make sure that your company’s documents are submitted with the registrar.
You will also need to create the articles of association and the memorandum of association for the company, so it’s important that you work with the administrators and the accountants. They will guide you throughout the process and make sure that all relevant documentation is registered to allow you to start business in Switzerland. They will negotiate with the registrar and process your documentation to ensure that everything is ready to allow you to start your business in Switzerland.