Starting a business successfully in 2024 requires, more than ever, dedicated trustees who fully commit to a company in its entirety. Especially in the SME-centered market environment of Switzerland, the true added value of a business-trustee relationship manifests itself in combined expertise in taxes, accounting, and organization. Such a partnership should be characterized by personal commitment, confidentiality, and competence. These are values that we have internalized at Zürcher Treuhand. Our recent experiences confirm: Constructive, open exchange is crucial for business success.
To establish a company in Switzerland, the appropriate legal form must first be found, followed by the suitable canton (including residence) for the business activity. Most company forms require registration in the commercial register. As this process can quickly become complex and complicated, we recommend seeking support from experts.
In Switzerland, according to the Code of Obligations (CO), in addition to sole proprietorships, there are eight other forms of companies defined. These include the popular joint-stock company (AG) and the limited liability company (GmbH).
The sole proprietorship allows individuals to conduct business and be liable with their private assets. Ideal for professions such as architects or doctors, the company name must contain the founder's surname.
Partnerships include:
Capital and mixed companies include:
Other company forms:
For founders, it is crucial to choose the right form of company. This takes into account liability, capital requirements, and business goals. If unsure, it is advisable to seek professional advice.
Switzerland is increasingly popular as a location for company foundations by foreigners. An increase in company foundations by non-Swiss passport holders emphasizes that the country has become particularly attractive for entrepreneurs due to its innovation and favorable tax rates.
As a foreigner, the question often arises: Can I start a company in Switzerland on my own? The answer is, there are various legal forms such as sole proprietorships, GmbHs, and AGs that one can found as an individual. Swiss citizenship is not necessary. However, it's essential that at least one of the registered individuals resides in Switzerland.
The nationality of the founder usually doesn't matter in founding a company. However, it significantly affects applying for residence in Switzerland - often a decisive criterion for establishment. EU/EFTA nationals in possession of an employment contract benefit from a simplified process thanks to the freedom of movement agreement. For third-country nationals, the process is more complicated, with annual quotas and extensive checks.
However, there are also options for those without their own residence in Switzerland: If you register another person with Swiss residence and sole signature authority, you don't need your own residence or a residence permit in Switzerland.
Note that opening a Swiss bank account is essential for accounting and is legally required for joint-stock companies and limited liability companies. For foreigners, this might require more effort than founding the company itself.
Those considering the path to self-employment should stay realistic: Very long days and short nights are part of many young entrepreneurs' experiences. But even if they sacrifice much of their free time, satisfaction often remains. Studies show that, according to their statements, entrepreneurs are often more satisfied than their employed colleagues.
However, it's essential to understand that self-employment has its own risks. Some who choose this path fail within the first few years of being self-employed. According to the Federal Statistical Office (FSO) in 2019, 8.3% of the self-employed were in the poverty range, compared to 3.6% of employees. Entrepreneurs without employees are especially at risk (8.6%).
Small and medium-sized enterprises are the backbone of the Swiss economy. Over 99% of all companies here employ fewer than 250 full-time employees. So, those who start a small business in Switzerland are in good company.
Zürcher Treuhand is always at your side as a trustworthy and personal partner. If you, too, as an entrepreneur, want to benefit from our support, contact us here.
Especially in the process of setting up a company, it is important to look at the many options in order to find a solution that best suits your needs. Learn in this article which legal forms there are and what the differences are.
In 2021, more than 50,000 companies were founded in Switzerland. There were particularly large numbers of startups in sectors such as IT, mobility, consulting and engineering. Foreigners account for an increasingly large share of startups: More and more companies are being founded by people without a Swiss passport. In this article we explain the most important things about this topic.
Switzerland, known for its stability, innovation, and high quality of life, is a preferred destination for entrepreneurs looking to establish a business. With an efficient business environment, open global markets, and a strong focus on research and development, the country offers optimal conditions for both start-ups and established companies alike.
