Switzerland
NEWS
FACT FILE
Location East of France, south of Germany, north of Italy.
Time Zone Central Time Zone.
Population 8,014,000
Capital Berne.
Airport Zurich, Geneva, Basel.
Language German, French, Italian.
Currency Swiss Franc.
Dialing Code +41.
Centre's Expertise Finance, banking, fiduciary.
Political System Federal democracy.
Legal System Civil (Roman) law.
Personal Income Tax Depending on canton.
Corporate Income Tax Federal rate 8.5%; cantonal rates vary.
Exchange Restrictions No.
Tax Treaties For full details, please go to www.ifcreview.com/TIEA
Permitted Currencies Swiss franc.
Minimum Authorised Capital Corporations: CHF100,000. /LLCS: CHF20,000
Minimum Share Issues CHF50,000./ LLCS: CHF20,000
Shelf Companies No.
Incorporation Time Scale 10 days.
Incorporation Fees CHF6,000.
Annual Fees CHF6,000 director fees.
Minimum Number One.
Residency Requirements At least one director or manager, who can bind the company.
Corporate Directors No.
Meetings/Frequency Minimum of one per year.
Disclosure No.
Bearer Shares Yes (for corporations).
Minimum Number One.
Public Share Registry No.
Meetings Frequency Minimum of one per year.
Annual Return Yes.
Audit Requirements Depending on activity and number of employees.
Registered Office Yes.
Domicile Issues No.
Company Naming Restrictions Partial.
ARTICLES
Switzerland: Update on Legislative and Judicial Developments
  The last 18 months have seen major developments in a number of areas of Swiss law. Much of this concerns the onward march of transparency and regulation in the financial and wealth management sectors. (19/09/2017)
From Secrecy to Solid Confidentiality - A bright Future for Switzerland
  Herman Krul examines the Swiss journey from financial secrecy to transparency and how this move leaves the jurisdiction well positioned for the future. (01/09/2015)
Swiss Answers to International Challenges
  Dr Peter Hsu and Dr Florian Louis Steiner provide an insight into how Switzerland has risen to international challenges and has adopted the latest international tax standards. (09/06/2015)
The Swiss Banking Sector – Privacy but not at all Costs
  Stephen Screech and Tom Hardman examine how the Swiss banking sector has evolved to deal with international demands for tax transparency while protecting the privacy of their clients. (01/11/2014)
What the Future Holds for Swiss Privacy and Private Banking
  Herman Krul discusses changes in the political and economic position of Switzerland in the past two years, where the country has continued to produce positive growth figures despite currently being in a transition period. (01/10/2013)
Swiss Fiscal Conformity – Moving With The Times
  Anton Rinderer discusses the growing issue of fiscal conformity in Switzerland, a financial jurisdiction that prides itself on its high-end brand of safety, security and efficiency. (01/02/2013)
Treasure Hunting in Switzerland: Information Rights of Heirs regarding Swiss Bank Accounts
  Daniel Leu examines the information rights of heirs regarding Swiss bank accounts. (01/04/2012)
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FURTHER BACKGROUND INFORMATION
  Switzerland Tax Treaties
  Switzerland currently has 102 DTC agreements and 2 TIEAs in place. - read more...
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