entrepreneurship in Switzerland

Required documents for entrepreneurship in Switzerland

People can obtain residency in Switzerland through entrepreneurship. One of the investment requirements for the entrepreneurship method is presenting a strong business plan that is both profitable and economically justified in Switzerland. The minimum capital required for entrepreneurship in Switzerland is 500,000 Swiss francs. If the Swiss government approves this plan, the applicant must first register a company in this country. The applicant must hire at least ten Swiss employees after starting one’s business. Applicants for entrepreneurship in Switzerland must receive the necessary guidance from the relevant city municipality for renting commercial property and the company location to know whether the property they are looking for is suitable for the business they are considering. The required documents to register a company, start a business, and entrepreneurship in Switzerland are a valid passport, a bank approval to prove one’s financial viability, residence and workplace lease, resume, and management history in the country of origin. The entrepreneurs must successfully start their business with a Swiss entrepreneurial visa and achieve the goals set by the government. So that after five years, they receive permanent residence and then Apply for Swiss citizenship and passport after ten years.

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Topics reviewed in this article:

• Types of entrepreneurship in Switzerland
• How to start a business in Switzerland
• Obtaining Swiss residency by company registration

Types of entrepreneurship in Switzerland

One of the most common ways to immigrate and obtain residency in Switzerland by entrepreneurship is to register a company. Different ways to register a company in Switzerland are discussed in this section of the article.

Joint-stock companies: You need to have at least two members from public or private joint-stock companies. The minimum required capital to set up this type of company is 100,000 Swiss francs. This type of company is a legal entity, and the company itself is responsible for all the activities. After bankruptcy, these types of companies’ members are not considered bankrupt.

Exclusive ownership Companies: Unlike stock companies, the company and the owner are not separate from each other, and when calculating the corporate income tax, both the corporation and the owner’s income are added together, which may increase the tax. Such companies must have a turnover of 100,000 Swiss francs.

Joint Companies: These types of companies are the most popular ones. The company’s profit and profit are distributed among all partners. They do not require any capital, and it is enough to sign an agreement between business partners for registering the company.

Limited Liability Companies: This type of company, which is very popular among Swiss people, can have only one member. The critical thing about this type of company is that they must pay the income tax after registering the company and starting the activities. The applicants must first prepare the association articles, register the company and its directors’ board, and specify the investor. The required capital for this type of company is 20,000 Swiss francs.

How to start a business in Switzerland

The first step in entrepreneurship by company registration is to present a business plan in Switzerland by which you must convince the Swiss government to agree to your plan. This business description should reflect your goals and your required capital and prove that it is a creative and innovative project with many positive effects on the Swiss economy. The Swiss government reviews the applicant’s business plan, examines all its aspects, and then approves or rejects it. If approved, the entrepreneurial applicant in Switzerland must follow some specific steps to register the company. To register a company in Switzerland, the applicant must first specify its name and choose a business location for its office. According to the type of company, determine the number of costs and required capital and the type of the company’s activity. Then the members of the directors’ board must be specified and all these items must be mentioned in the company’s association articles, and they must be prepared. The applicants must then register the company with the Swiss Companies Registration Office and publish an incorporation notice in a newspaper. During this process, the applicant’s investment amount will be blocked in the account specified by the Swiss government, and it will be returned to the company account after finishing the final process.

Obtaining Swiss residency by company registration

If the entrepreneur has registered a company in Switzerland and is doing business with the relevant company, one can obtain permanent residence and Swiss citizenship according to the conditions. Applicants can receive permanent residence after starting their business and entrepreneurship for five years if they meet the goals set by the Swiss government. The person will obtain permanent residency in Switzerland after five years if one meets these conditions. After ten years of working and living in this country, one can apply for Swiss citizenship and a passport.