Setting Up Your Business in Switzerland

Setting Up Your Business in Switzerland

Setting Up Your Business in Switzerland

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Entrepreneurs and investors from all over the world are either moving their businesses to Switzerland or considering it. There are good reasons why the business world is looking to provide a good business climate. The truth, the business climate in this country is very friendly and conducive.

Switzerland as a business destination has become so popular that authorities have had to introduce regulations to manage startups in the country better. If you plan on setting up a business in the country, there are a few considerations that you must look into. These include:

  • Your nationality
  • Your resources

You should be able to prove that you have enough funds to live off.

European Union/EFTA Nationals

It is easier for EU/EFTA citizens to set up business in Switzerland. The first step would be to ascertain whether you are a part of EU/EFTA. If you are, you are allowed to operate your business in Switzerland. You are also free to conduct your commercial activities within the country for a period of five years.

Once the five years have elapsed, you must provide proof that your business earns enough to enable you to be self-sufficient. That is if you wish to extend your stay.

 If your enterprise cannot provide enough for you to self-reliant and repeatedly apply for welfare, then your permit may be revoked. If business is not good, the best option to get a job so that you are allowed to stay.

In addition, you should find out where restrictions apply as there are some in place for particular professions.

How to Acquire a Business Permit

Business relocation to Switzerland requires some documentation from nationals of other countries to get a business permit. The same applies if you plan to start a business in the country. Cantonal authorities can provide the necessary direction with regard to the documentation you will need to provide.

Nevertheless, the following is a list of documents will need.

  • Evidence of rental contract for your business premises in Switzerland
  • A business plan
  • Evidence of successful registration to be found in the commercial registration
  • Information detailing your contributions to the Swiss Accident Insurance Fund or OASI (Old Age & Survivors’ Insurance Fund)
  • Proof that you have enough funds to live without welfare
  • Your book-keeping information

Need to Know

For EU/EFTA nationals, you have the same rights as Swiss residents with regard to buying property including commercial property. However, if your company is not located in the country, you will be required to acquire authorization to buy commercial property.

Non-EU/EFTA nationals may not find the going as easy. Getting a residence permit for a third-country national based on sole proprietorship is not easy. However, it is not impossible.

If you have a commercial project before relocating to Switzerland, the authorities will evaluate it to determine if it will add value to the Swiss economy. They will also figure out how your project contributes to the existing relationships among the existing companies in the country.

Submitting your Application

You will be required to produce the following:

  • Company creating documents
  • Justifications for your commercial registration

Non-EU/EFTA nationals for the B permit which allows them to operate in the country for a maximum of one year. In the absence of any official objection, the permit may be renewed annually.

An alternative is to go for a short-term permit which also gives you one year but with the option for an extension of another year.

When you have completed all the steps, you must register your company with the Swiss Federal Tax Administration in order to be able to pay taxes.

Conclusion

Acquiring the necessary papers may be a very involving process but the pros far outweigh the process. You must also look into the type of companies that you can run in Switzerland as well as what their requirements are. Once you begin your business operations you will be glad you took the plunge.

Charles Elizabeth

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