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

8,500,000

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

Any countries with which Switzerland has entered into a TIEA

Albania, Andorra, Anguilla, Antigua and Barbuda, Argentina, Aruba, Australia, Azerbaijan, Bahamas, Bahrain, Barbados, Belize, Bermuda, Brazil, British Virgin Islands, Brunei Darussalam, Canada, Caribbean Netherlands (Bonaire, Sint Eustatius and Saba), Cayman Islands, Chile, China, Colombia, Cook Islands, Costa Rica, Curaçao, Dominica, European Union, Faroe Islands, Ghana, Grenada, Greenland, Guernsey, Hong Kong, Isle of Man, India, Indonesia, Iceland, Israel, Japan, Jersey, Kazakhstan, Kuwait,

Any countries with which Switzerland has a double taxation treaty

Albania, Algeria, Anguilla, Antigua, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Brazil, Bulgaria, Burundi, Canada, Chile, Cyprus, Colombia, Congo (Republic of), Croatia, Czech Republic, Democratic Republic of the Congo, Denmark, Dominica, Egypt, Ecuador, Estonia, Faroe Islands, Federal Republic of Germany, Finland, France, Gambia, Georgia, Ghana, Great Britain (see United Kingdom), Greece, Grenada, Hungary, Hong Kong, Iceland, India, Indonesia, Iran, Ireland, Israel, Italy, Ivory Coast, Jamaica, Japan, Kazakhstan, Kenya, Kyrgyzstan, Korea (South), Kosovo, Kuwait, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, North Macedonia, Malawi, Malaysia, Malta, Mexico, Morocco, Moldova, Mongolia, Montenegro, Montserrat, Netherlands, New Zealand, Norway, Oman, Pakistan, People’s Republic of China, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Rwanda, Saint Lucia, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, St. Kitts & Nevis, St. Vincent & Grenadines, Sweden, Taiwan (officially the Republic of China), Tajikistan, Thailand, Togo, Trinidad & Tobago, Tunisia, Turkey, Turkmenistan, United Arab Emirates, United Kingdom, United States of America, Ukraine, Uruguay, Uzbekistan, Venezuela, Vietnam, Virgin Islands and Zambia.

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