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Switzerland Company Incorporation

Switzerland company incorporation is one of Tannet's business registration services. Switzerland has a stable, prosperous and high-tech economy and enjoys great wealth, being ranked as the wealthiest country in the world in per capita in multiple rankings. In 2011 it was ranked as the wealthiest country in the world in per capita terms (with "wealth" being defined to include both financial and non-financial assets), while the 2013 Credit Suisse Global Wealth Report showed that Switzerland was the country with the highest average wealth per adult in 2013.

Time required
Clarification-acceptability of company name 1 to 5 days
Preparation of foundation documents with annexes (foundation document, Articles of Association, application to Commercial Registry, etc) 1 to 5 days
Clarification of domicile and auditors
Paying in of capital
Meeting of founding shareholders/members less than ½ day
Entry in Commercial Register 3 to 7 days

The management
A corporation is usually managed by the Board of Directors as well as the managers appointed. The people authorized to sign on behalf of the company need to be entered in the Commercial Register. The management must prepare an annual report, providing information on the progress of business, the economic as well as the financial situation and any capital increases. The General Shareholder´s Meeting must be held at least once a year.

Accounting
According to the law a certain minimum structure is required when it comes to the balance sheet and income statement. It needs to comply with the principles of orderly presentation of accounts, including the completeness, clarity, materiality, prudence, continuity, etc. The company´s position shall “be able to be assessed with as much reliability as possible”.

A holding company, which exercises control over one or more companies by majority voting rights or any other way, are obliged to prepare consolidated financial statements – if it meets two of the following criteria:

Total assets of more than CHF 10 million
Turnover of more than CHF 20 million or more than 200 employees

Besides the general principles of orderly presentation of accounts, the “International Accounting Standards” or the “Generally Accepted Accounting Principles”, there are no particular consolidation rules.

If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net or www.companies-registry.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com




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