How much does it cost to set up a LLC in Switzerland?
Find out everything about the costs and steps for setting up a LLC in Switzerland. Our detailed instructions will help you to be financially well prepared.
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Establishing a limited liability company in Switzerland can be an exciting but also challenging undertaking. In this article, we will look in detail at the costs associated with setting up a GmbH in Switzerland. From initial fees to ongoing costs — we'll cover everything you need to know. Without further delay, let's dive in.
Founding a LLC - Introduction
Establishing a LLC in Switzerland is a popular choice for entrepreneurs who want to operate in this country. It offers a solid legal structure and a good reputation on the international market. But before you embark on this adventure, it's crucial to understand the costs you'll face.
The initial costs
Before you can set up your LLC in Switzerland, you must consider the initial costs. This includes registration fees, notary fees and the costs of drafting the articles of association.
Registration fees
Registration fees vary depending on the canton in which you want to set up your LLC. However, they generally range between 1,000 and 2,000 Swiss francs. It's important to note that these fees are non-refundable regardless of whether your incorporation is successful or not.
Notary fees
Notary fees are an essential part of start-up costs. They amount to around 500 to 1,000 Swiss francs. A notary is required to certify the constituent documents and ensure that everything meets legal requirements.
Social contracts
The preparation of the articles of association usually requires the services of a lawyer or law firm. The costs may vary depending on the complexity of the contracts, but you should expect at least 2,000 Swiss francs.
The running costs
After setting up your LLC in Switzerland, there are ongoing costs that you must take into account. Here are a few of the most important ones:
Annual fee for commercial register
The annual fee for the commercial register is approximately 600 Swiss francs. This is a mandatory fee that you must pay every year to keep your LLC in the commercial register.
Taxes
Taxes vary depending on the canton and profit of your LLC. You should contact a tax advisor to determine the exact tax costs for your business.
Accounting and auditing
Accounting and auditing are other ongoing costs. You should learn about accounting services and external audit costs to properly plan your budget.
Conclusion
Setting up a LLC in Switzerland can be a worthwhile investment, but it's important to keep an eye on the costs. From initial registration fees to ongoing tax and accounting costs, financial planning plays a crucial role. It is advisable to seek professional advice at an early stage to ensure that your LLC has solid financial foundations.
Frequently asked questions
1. How long does it take to set up a LLC in Switzerland?
The duration depends on various factors, but it can take a few weeks to months. Processing times vary from canton to canton.
2. Can I deduct the start-up costs for my LLC from tax?
Yes, you can usually claim the start-up costs for tax purposes. However, it is advisable to clarify this with a tax advisor.
3. Is there government support for setting up a LLC in Switzerland?
Switzerland does not provide direct government support, but there are programs to promote innovation and entrepreneurship that could benefit you.
4. What documents are required to establish a LLC?
Typically, you need a partnership agreement, a commercial register entry and confirmation from the notary.
5. Can I set up a LLC alone or do I need partners?
You can set up a LLC alone, but it is advisable to consider the pros and cons of a partnership before making a decision.