Switzerland is renowned for its stable economy and attractive business environment. As a foreigner, establishing a business in Switzerland is possible, provided you meet certain legal requirements. At Deindomizil, we specialize in helping entrepreneurs and investors set up companies in Switzerland, ensuring compliance and a seamless process.
What Are the Key Requirements?
The primary requirement for forming a company in Switzerland is:
Every Swiss company must have at least one representative residing in Switzerland.
This representative can be a member of the board of directors or an authorized signatory with a valid Swiss residence permit. Their role is to represent the company legally and operationally.
If you wish to establish a GmbH (Limited Liability Company) or AG (Public Limited Company) in Switzerland without residing in the country, you will need a Swiss resident to fulfill this requirement.
Director vs. Authorized Signatory
Director Role:
- Responsibilities: Oversee the company's strategic direction, financial systems, and compliance.
- Liability: Directors bear greater responsibility, including legal obligations for tax and accounting accuracy.
- Access: Directors typically require access to the company’s banking and accounting systems.
Authorized Signatory Role:
- Responsibilities: Limited to specific functions, such as signing contracts.
- Liability: Less extensive than that of a director.
- Flexibility: Often used for administrative or operational purposes.
At Deindomizil, we work with a network of trusted professionals who can serve in these roles, ensuring your company meets all legal and operational requirements.
Responsibilities of Directors in Swiss Companies
Directors have specific duties under Swiss law (Article 716 OR), including:
- Supervision: Providing overall guidance and decision-making for the company.
- Organizational Structure: Establishing the company’s internal organization.
- Financial Oversight: Setting up accounting systems, financial controls, and planning.
- Appointments: Hiring and dismissing management and other representatives.
- Compliance Monitoring: Ensuring adherence to laws, regulations, and internal policies.
- Reporting: Preparing annual reports and organizing shareholder meetings.
- Insolvency Management: Reporting insolvency to the courts if necessary.
Note: Directors can be held personally liable for negligence, particularly in cases of tax evasion or insolvency mismanagement.
Who Can Act as Your Swiss Representative?
The ideal Swiss representative could be:
- A trusted friend or relative residing in Switzerland.
- A Swiss lawyer, notary, or corporate service provider familiar with Swiss company law.
At Deindomizil, we connect you with experienced professionals who can act as your company’s director or authorized signatory. Our partners ensure compliance while minimizing risks.
Costs of a Swiss Director or Authorized Signatory
Fees for directors or signatories vary depending on the company’s size and complexity:
- Director Mandate: CHF 4,000–15,000+ per year due to higher responsibilities.
- Authorized Signatory: Typically half the cost of a director role.
Deindomizil ensures competitive pricing while providing trusted, reputable representatives for your business.
How to Find the Right Representative
When selecting a director or authorized signatory, it’s crucial to:
- Verify Credentials: Ensure the person has a clean record and a solid reputation.
- Conduct Due Diligence: Confirm their ability to fulfill the role responsibly.
- Clarify Engagement Terms: Define expectations and responsibilities clearly.
At Deindomizil, we handle this process for you, working with a network of vetted legal and financial professionals to support your business.
Why Choose Deindomizil?
Deindomizil is your trusted partner for Swiss company formation. We provide:
- Comprehensive Services: From company registration to finding a Swiss representative.
- Expert Network: Access to top legal and financial professionals.
- Tailored Support: Customized solutions to meet your unique needs.
Contact Deindomizil Today:
- Website: deindomizil.ch
- Phone: +41 (0)41 410 61 61
- E-Mail: info@deindomizil.ch
- Address: Blegistrasse 7, 6340 Baar, Switzerland
Let us help you establish your Swiss company and secure your business's success!