Having an open business in Switzerland is highly beneficial and earns you better income than the other countries. Also, it involves some cost and time to start up the same. It is necessary to register your firm before you can start any business. Especially if you are planning to borrow capital and start up the business, it would take some more time as there are many formalities involved. Also the legal formalities are high in places like Switzerland so all the documents need to be placed in order. It is important that you do not provide fake documents and have substantial evidence. This will be useful especially in the registering of your business in a faster manner.
Depending on the papers you have prepared and consolidated, the earliest time frame within which you can register your business is a week. Irrespective of where you reside in, you can have an open business in Switzerland. You can either open the company in your name or have it under a family name. Also, if own capital is involved, you may have to show your full source of income in the form of bank statements and other sources. Different types of company forms have different types of requirements. You can have an open business in Switzerland by also consulting a legal advisor who may provide you all the formalities and requirements which you need to starting a business in switzerland.
The most important point which is required to open a business in Switzerland is to have a feasible and very good business plan. The idea should be capable of easy implementation and also you should be able to earn sufficient profit from the venture.The next step is to tread well and decide on the business structure. This is an important decision as it would have implications on all your business decisions and taxation structures as well.
You can not only be a sole proprietor, but can also be in a general partnership or in a company format. The government of Switzerland requires you to have books and accounts maintained for the past ten years at any point of time. Also the receipts, many also be required to be maintained as it may be called for. In some cases double taxation may also be charged for if the revenues exceed a certain amount. But the majority of the tax is determined about the nature of the business which has been adopted. For example, in an open business in Switzerland, for a sole proprietor only if his income exceeds a certain amount, he is taxed. Switzerland is considered to be a highly lucrative area for doing business. But it is essential that you are well aware about the rules, regulations and taxation structure before making the decision of having an open business in Switzerland.
Article Source : https://businesstitansswitzerland.wordpress.com/2015/06/25/key-points-to-become-an-entrepreneur-in-switzerland/
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