Switzerland is a prosperous nation that lies in the heart of Western Europe. Listing all of the things that attracts people to this beautiful country would be impossible to do in one article, but the mountains, vibrant cities, and breath-taking landscapes certainly have something to do with it.
However, aside from its stunning sightseeing opportunities, business owners in particular are attracted to the idea of setting up a branch here due to a huge number of reasons. If you are a business owner and you’re trying to decide which nation would be the best host for your next international branch, here’s why you should definitely consider Swiss for setting up a business.
- The world-renowned banking industry – You’re probably already aware of how famous Switzerland’s banking industry has become over the years, and that’s largely due to the privacy banks offer to their clients, as well as how stable they’ve proved to be in spite of the recent uncertainty in many world economies.
- Great international relations – Switzerland may not be a part of the European Union, but it has extremely close trade ties the Union which have boosted its trade efforts and contributed to it being one of the wealthiest nations in the world on a per capita basis. Plus, it’s not just the EU that this nation has close ties to, it also has great diplomatic ties with the US as well as a huge number of emerging world economies.
- Low corporate tax rates – Switzerland attracts many global corporations due to the fantastic incentives it offers to set up business here, namely it’s very low corporate tax rates. Rates in this country can be up to six times lower than countries that include France, the UK, the USA, and Italy.
As you can see from the benefits above, there are many excellent reasons to expand your business by establishing yourself in Switzerland. The question is, how do you do it?
Establishing Yourself in Switzerland
As with any other country in the world, there are legal processes in place that you’ll have to go through in order to set up a business in Switzerland. Luckily, the whole overall process can be finished in a matter of weeks if you utilise company formation professionals. They’ll take care of every task necessary for you to start operating in Switzerland, including:
- Drafting, signing, translating, and submitting all the necessary legal documents for you to open a business
- Making a detailed plan for the management of your accounts (required by Swiss law)
- Opening the required bank accounts for your company
- Creating invoice and letterhead templates
- Preparing a detailed summary budget for the first 12 months of operation
Needless to say, the company formation experts will handle many more tasks than those listed above, and they’ll provide ongoing support for when your business is established and trading. As long as you utilise the professionals, establishing a business in Switzerland can be a quick and easy process, and you’ll soon be able to enjoy the many benefits that doing business in Switzerland has to offer.