Opening a company in Switzerland in 2021
Opening a company in Switzerland in 2021 is relevant because it is a unique European state, which is stable economically and politically. The company, opened in this jurisdiction, will be competitive, as the country is characterized by prestige and developed infrastructure. The labor force in the country is among the most highly qualified ones.
The advantages of opening
Due to the local investment climate, the firm in Switzerland will develop successfully. There is no currency control and corruption, tax rates are relatively low, and anonymity is ensured.
The main advantages of opening:
- There is a possibility of lower tax rates.
- Relatively simple conditions of registration.
- The possibility of obtaining a residence permit.
The country's economy is strong; due to the competent work of the Institute of Power, companies are safe. For some forms of business, tax benefits are offered. The state has a well-developed infrastructure, and banks are reliable and highly reputable.
How to open a company in Switzerland
Before opening a company, it is required to choose the structure. You can create a private company with limited liability (GmbH), or register an open company with limited liability (AG), a branch.
What factors should be taken into account when selecting a structure:
- The initial amount of capital.
- Risk and liability.
- Nuances of taxation.
- Features of social security.
To open a company in Switzerland in 2021, a permanent residence address is required. Tax rates may vary based on location. Before opening a company, it is necessary to prepare a plan for business development. In addition, it is required to analyze the market and prepare the Articles of Association. It should be clarified in advance whether it is necessary to obtain a license for the selected type of activity. A firm can open an account in a Swiss bank. To clarify the details of business registration, contact our specialists at IT-OFFSHORE.
Taxation of legal entities
VAT is one of the mandatory federal taxes paid by the end consumer. Rates may be 7.6% or 2.4% based on the type of goods. The country's income tax is one of the lowest in Europe. The federal tax rate is 8.5% of net income.
The additional cantonal interest varies depending on the law. In some cases, it is possible to take tax vacations that last up to 10 years.