How to set up a branch in Switzerland
How to establish a branch in Switzerland ?
In order to take advantage of the calm business climate in Switzerland and expand their activities, many investors and businessmen have decided to invest in Switzerland’companies setting up a branch in Switzerland. If like them, you also aspire to be a professional’If you want to establish your business on Swiss soil, you should know that’it is necessary to respect a very specific procedure. It is therefore recommended to’To set up your company in Switzerland, you will need to work with professionals in the field of taxation and Swiss legislation.
Use the services of’a trust company in Switzerland
To set up a branch in Switzerland, you should seek the services of a professional’a fiduciary company would be very wise. In Switzerland, a trust company like Rister.ch based in Geneva is a privileged interlocutor for foreign companies wishing to establish a branch on Swiss soil. Collaborating with a fiduciary in Switzerland’s’to a partner who can justify the establishment of a branch in Switzerland’a complete mastery of the legislation and standards governing the creation and management of branches in the Swiss nation.
Because’As your representative, the fiduciary company carries out on your behalf all the administrative formalities required for the creation of your company’a branch office in Switzerland: a brief descriptionôt d’a requisition of’registration, signature of the’the incorporation deed at a notary’s office, VAT registration of the branch office, etc. With its support, you can be sure that your branch will be established as soon as possible, in compliance with Swiss legislation.
If you wish to develop your commercial activities in the Swiss Confederation, the trust company is your best ally. Because’they have lawyers and tax specialists d’In addition to the above, these entities can administer your branch and provide you with legal, tax and financial advice.
Take a fiscal representative in Switzerland
In order to establish your branch in Switzerland, you will also need’a tax representative. D’In addition, since January 2018, you are subject to VAT in Switzerland if your branch office generates at least CHF 100,000 (approximately EUR 90,000) in sales within the Swiss Confederation or worldwide. Therefore, you can, the designation of’a tax representative in Switzerland is mandatory for you.
It s’It is a’A trustee is an entity responsible for carrying out all tax and VAT related procedures for your branch with the Swiss tax authorities.
C’Your tax representative is the contact person who manages and coordinates the communication and use of the information’Because the whole relationship of the branch office with the Swiss customs and tax authorities. Once established in Switzerland, your branch office has tax obligations vis-à-vis the Swiss government’Swiss administration. Your tax representative ensures that these requirements are met, for example by establishing the annual reconciliation of the turnover of your company’business and the’impôt prior.
If you are importing goods into Switzerland, it is necessary to follow a specific procedure’is the fiscal representative who coordinates the administrative management of these operations with the customs.
Opening a branch in Switzerland: the advantages
Switzerland is a country that makes the’The Swiss government is unanimous for the stability of its economy and for the secure legal framework it provides’it offers to companies. In Switzerland, the creation and management of a branch office is a matter of course’The tax obligations of a branch office are relatively simple, with flexible standards. To operate your branch office, you can renting office space and recruit staff in Switzerland.
In addition, the’opening of a’a branch office in Switzerland’is not linked to a depotôof capital. C’is therefore a flexible solution, without major constraints. L’business establishment’a branch office in Switzerland also has tax advantages. For example, Swiss legislation does not require a branch to be registered in Switzerland’does not apply withholding tax.
You are subject to Swiss tax rates’traditional taxation. D’from an accounting point of view, you don’You have few constraints. In addition, the accounting of the branch office is independent from that of the parent company.