Fact File

Fact File Supplied By:

Charles Russell Speechlys

Location

East of France, south of Germany, north of Italy, west of Austria

Time Zone

Central Time Zone

Population

8,556,000

Capital

Bern

Airport(s)

Zurich, Geneva, Basel, Lugano and others.

Language

German, French, Italian, Romansh

Currency

Swiss Franc

Political System

Federal democracy

International Dialing Code

+41

Legal System

Civil (Roman) law

Centre's expertise

Finance, banking, insurance, wealth management, commodity trading, fiduciary, pharmaceutics, machinery, precision instruments.

Personal income tax

Depending on canton

Corporate income tax

Federal rate 8.5%; cantonal rates vary

Exchange restrictions

No

Permitted currencies

Swiss franc

Minimum authorised capital

Corporations: CHF 100,000./ LLCS: CHF 20,000

Minimum share issue

1 share

Shelf companies

No

Timescale for new entities

5-10 days

Incorporation fees

CHF6,000

Annual fees

CHF5-10,000 director fees

Minimum number

One

Residency requirements

AT least one director or manager, who can bind the Company

Corporate directors

No,members of the board of directors must me individual members

Meetings/ Frequency

Minimum of one per year

Disclosure

No for corporations (unless publicly listed). Yes for LLCs

Bearer shares

Yes, but particular compliance requirements apply

Minimum number

One

Public Share Registry

No

Meetings/ Frequency

Minimum of one per year

Annual Return

Yes

Audit requirements

Depending on total assets. turnover and number of employees

Registered office

Yes

Domicile issues

It depends on the jurisdictions

Company naming restrictions

Partial