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Old 04.08.2012, 21:50
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Shelf Company???

How would I accquire shelf company in Switzerland?
Can I just reregister a company that was in corporates before
I'm being quoted thes outrageous prices from from a few
sites it just doesn't seem right.

Who owns shelf companies the commercial register, banks, or
who ever has bearer shares?
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  #2  
Old 04.08.2012, 21:56
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Re: Shelf Company???

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How would I accquire shelf company in Switzerland?
Can I just reregister a company that was in corporates before
I'm being quoted thes outrageous prices from from a few
sites it just doesn't seem right.

Who owns shelf companies the commercial register, banks, or
who ever has bearer shares?
How much are you being quoted, for what & by whom?
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  #3  
Old 05.08.2012, 00:44
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Re: Shelf Company???

Well it seems like there not being straight up on what
I'm paying for, there charging $75,000 US but not tell me if any
of that is going towards the share capital. I see it as no different
then buying shares in any company it's just I'm buying all the shares.

Minimum for an AG 50,000 CHF and the other half can be paid up within
two years. So I'm not sure if this company is thinking I'm gonna give
them $75,000 US for a dormant or seasoned, the term there using
and still have to pay up the share capital (minimum of 50,000 CHF)
There crazy and $75,000 is wrong unless there quoted an all inclusive
which im seein as $50,000 for the company and 25,000 for annual admin
Of the company that's still outrageous.

Now the 50,000CHF is the minimum paid up capital by the civil code Whether dormant or not, the exchange rates to US dollar $51605, and rates change every
day. Now when you buy shares of a company broker charges a fee
in an acquisition it's pretty much the same a percentage
of the value of the shares. So for 50000CHF the percentage would be about 1500CHF - 2000CHF on the Swiss exchange but an acquisition 2000CHF - 2500CHF. IT seems like there trying to sell me the company with admin services
etc, and it seems like they don't want to swell the company unless I use there admin services when I say admin I mean nominee,director registered address tax,accounting etc. I wanna use who I want or administer the company myself
like I said they don't want to sell the company unless I use there admin.
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Old 05.08.2012, 07:04
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Re: Shelf Company???

If you can't get clarify out of the company you're dealing with, then go with someone else. However, your posting itself is less than clear. Maybe the company doesn't understand your requirments (I know I don't).

An AG requires 50'000CHF invested. A further 50'000 in assets must be available to the shareholders. Three shareholders are required. Liability is limited to 100'000CHF + company value. The majority of the board must be EU Citizens or Swiss, resident in Switzerland. There are legal fees and taxes to pay as part of incorporation.

I have a GmbH. 10'000CHF, two shareholders required. Liability limited to 20'000CHF + company value. One Director must be resident in Switzerland. The cost to set up was ~24'000 (20'000 investment).

Sorry. What's the problem? I see you're US resident. Are you an EU citizen or Swiss? Are you even eligible to come to Switzerland?
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Old 05.08.2012, 09:40
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Re: Shelf Company???

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If you can't get clarify out of the company you're dealing with, then go with someone else. However, your posting itself is less than clear. Maybe the company doesn't understand your requirments (I know I don't).

An AG requires 50'000CHF invested. A further 50'000 in assets must be available to the shareholders. Three shareholders are required. Liability is limited to 100'000CHF + company value. The majority of the board must be EU Citizens or Swiss, resident in Switzerland. There are legal fees and taxes to pay as part of incorporation.

I have a GmbH. 10'000CHF, two shareholders required. Liability limited to 20'000CHF + company value. One Director must be resident in Switzerland. The cost to set up was ~24'000 (20'000 investment).

Sorry. What's the problem? I see you're US resident. Are you an EU citizen or Swiss? Are you even eligible to come to Switzerland?
GmbH or a Sàrl requires only 1 director now, resident in CH, it changed about 2 years ago
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Old 05.08.2012, 10:39
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Re: Shelf Company???

I'm pretty certain there is no such thing as an off-the-shelf company in CH. They all have to be founded from scratch. This is assuming you are referring to ready-formed e.g. limited companies on which you only need to change the name, created by organisations specialising in creating companies for resale. The reason being any company with limited liability needs a substantial (ie 5-figure) investment to set up in the first place, each company has to have its purpose included in its articles of association and broad-ranging purposes such as "and any other activity the directors deem appropriate" are never accepted. To change the purpose requires amending the articles of association, which requires a resolution to be passed by all the "Stammaktionäre" and the change notarised. By the time that's all done, a company specialising in setting up off the shelf companies would hardly have any scope for making a profit - unless they're quoting the sort of figures you're talking about. And then you have the issues of residence and director requirements that previous posters have alluded to.
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Old 05.08.2012, 12:17
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Re: Shelf Company???

Therre is nothing stopping you buying a dormant SA or Sàrl (AG/GmbH) company, changing names/articles, it can avoid have the necessary capital to stert with, but it's an expensive way to go.

The advantages maybe, company already set up with VAT number, bank accounts etc, possible reputation, desirable name, length of exisitance etc

Whatever the company at least 1 director has to be resident in CH for either type of company and starting a company gives absolutely zero rights to being awareded a resident permit, unless you can demonstrate a distinct advantage. (employing 10 local people or other tangible advantages for the commune/canton).
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Old 05.08.2012, 15:57
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Re: Shelf Company???

Interesting post! How do you go about buying a dormant company?
I suppose there are issues in this like, does the company have some bad history?

Are dormant companies listed anywhere?

Thanks,
Bolt
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  #9  
Old 06.08.2012, 16:26
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Re: Shelf Company???

Now this is something I've took from a website just can't remember the link
it also use to be on Wikipedia but I can't find it any more but I'm gonna loook for the link and post it when I find it again.

Some individuals and corporations seek tax benefit and other business advantages with the use of "Swiss Trust Companies". Utilizing loopholes or grey area in Swiss law, Agents or Brokers offer "Swiss Trust Company" ownership for various reasons including Privacy, Asset Protection, Expanding reach to foreign capital and cutting costs.

The laws which govern corporations in Switzerland offer older companies a broad authority to perform a variety of limited financial services without registration as a financial institution. These institutions are not banks, nor are they financial institutions. In addition, Switzerland does not have laws which govern trusts, allowing a corporation to include the word "Trust" in it's name. A primary benefit of "Swiss Trust Companies" is the issuance of bearer certificates to the owner, offering anonymity.

Companies that offer "Swiss Trust Company" ownership will generally acquire a dormant Swiss company, change it's name and modify it's articles of incorporation to reflect the company providing Trust or Financial services. Swiss Companies which are dormant such as shoe companies, bakeries, staffing agencies, etc., can be acquired for $2,000-$3,000, have their name and corporate history modified to reflect an entirely different company, and retain the advantage of the original incorporation date. The company is then sold as a seasoned "Swiss Trust Company" which provides financial services; despite having never provided financial services in the past.

Many of these Swiss Companies are sold on the basis that they are rare or limited opportunities, however, there are untold amounts of dormant companies spanning at least 70 years of Swiss history which can essentially be recycled for the purpose of creating Swiss Trust Companies.

While most Agents or Brokers spend under $5,000 to convert a dormant Swiss Company into a "Swiss Trust Company", they are usually marketed to unknowing or unsuspecting buyers for upwards of $200,000, or more.

Many Agents and Brokers have been accused of providing false or misleading information to buyers of "Swiss Trust Companies" in regards to their availability and capabilities. In addition, some have been accused of re-selling previously acquired entities.

These entities can be easily arranged by local attorneys within Switzerland, for a few hundred dollars, in addition to the cost of the dormant Swiss company
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Old 06.08.2012, 16:40
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Re: Shelf Company???

All sounds incredibly iffy to me....


"These entities can be easily arranged by local attorneys within Switzerland, for a few hundred dollars, in addition to the cost of the dormant Swiss company"

If it's so easy may I ask why you are asking here?
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Old 06.08.2012, 16:43
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Re: Shelf Company???

Now see where it says thes companies can be Aquired for
$2000-$3000, These companies that are trying to sell me the dormant
company just like the above article states.
I actual plan to go to Switzerland when to aquire
a dormant company but for the more reasonable acquisition/broker
fee for around the price I stated above.
It's seems like the price that have quoted me expect my to buy the company for $75000 and I still have to replace the share capital which would bring it to a total of $125,000, which I know is clearly a rip off.
I assumed the the for the $75,000 $50000 was for the shares for the minimum
capital and the $25,000 would be towards annual admins,modify articles, name change etc. And $75,000 is way to high brocker fee. As It stated in the last post
lawyers in Switzerland can arrange this for a few hundred dollars
Oh and I was quoted $25,000 also for residency which I know is a lie.
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Old 06.08.2012, 17:16
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Re: Shelf Company???

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Oh and I was quoted $25,000 also for residency which I know is a lie.
Absolutely, when they can't guarantee success.

TBH I'm not entirely sure what you're trying to achieve by buying a dormant company. Are you trying to obtain residence without getting a job and going the normal route? Are you trying to run a business in Switzerland remotely?
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Old 06.08.2012, 18:03
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Re: Shelf Company???

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Absolutely, when they can't guarantee success.

TBH I'm not entirely sure what you're trying to achieve by buying a dormant company. Are you trying to obtain residence without getting a job and going the normal route? Are you trying to run a business in Switzerland remotely?
I will be moving soon, I've ask attorneys from different cantons and they said
The prices I'm being quoted a mark up way to high for dormant companies cause there not listed on the Swiss six
and there is no real way to value a dormant
company as so for it to be quoted at these prices
are not true. What the attorneys that I've spoke
with are saying basically that they are trying to rip me off.
Now the attorneys I conversed with are all on the bar
and so forth they just don't deal with small clients like
my self but quoted that i should pay any more than 5%
of the share capital, so if the dormant company has the
minimum of 50,000CHF then the acquisition cost should be
no more than 2,500chf. As for admin of the company they said for
small buissnes range from 7000chf 10000chf but could even go
into the millions depending on how many employees commercial property
etc. and I've been quoted this from over 5 different attoreies it's just
like I said they deal in big mergers and acquisitions do I sure they
know what their talking about, I guess I just have to find a notary
or an attorney that can do this for me at a reasonable cost.
As for Swiss civil code Ive came across a lot off provisions etc
it's just i need to aquire the company first.
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Old 06.08.2012, 18:36
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Re: Shelf Company???

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I'm pretty certain there is no such thing as an off-the-shelf company in CH. They all have to be founded from scratch. This is assuming you are referring to ready-formed e.g. limited companies on which you only need to change the name, created by organisations specialising in creating companies for resale. The reason being any company with limited liability needs a substantial (ie 5-figure) investment to set up in the first place, each company has to have its purpose included in its articles of association and broad-ranging purposes such as "and any other activity the directors deem appropriate" are never accepted. To change the purpose requires amending the articles of association, which requires a resolution to be passed by all the "Stammaktionäre" and the change notarised. By the time that's all done, a company specialising in setting up off the shelf companies would hardly have any scope for making a profit - unless they're quoting the sort of figures you're talking about. And then you have the issues of residence and director requirements that previous posters have alluded to.



I've spoke with merge and aquistion attorneys they said you can't
quote a price on a dormant company because it's dormant the only
thing they can do is suggest a price and since it's dormant and not trading
the prices are not of true value plus aquistion cost.
What they are saying is the company is dormant and not trading so how
can you quote a high price amost three times the value of the paid up share capital which is 50000chf for an AG. One Attornny said to give someone $125,000 for a company with 50000chf paid up capital is highly unlikely since is
dormant not trade and who buys two combines and reviews one.
What he ment by that was they are trying to sell me company but at the same time they are buying two compiles and giving you one so simple
as put your buy yourself a company and them a company and being ripoff on
annual admin.

Example

I give the $125,000 and revive a company with 50,000CHF of paid up share capital, now there's $75,000 left the aquire another dormant company
any where from 2000CHF - 3000chf to restock the company they just sold
me now there's 22,000chf -23,000chf left, and they just told me ealirer today
that the annual admin of director registered office tax auditor etc is not included
in the price so there it is I'm just buying myself a company and them a company
it's like I'm being charge double it's just like some telling you something cost
$100 and it's really only $50.
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Old 06.08.2012, 18:43
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Re: Shelf Company???

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I'm pretty certain there is no such thing as an off-the-shelf company in CH. They all have to be founded from scratch. This is assuming you are referring to ready-formed e.g. limited companies on which you only need to change the name, created by organisations specialising in creating companies for resale. The reason being any company with limited liability needs a substantial (ie 5-figure) investment to set up in the first place, each company has to have its purpose included in its articles of association and broad-ranging purposes such as "and any other activity the directors deem appropriate" are never accepted. To change the purpose requires amending the articles of association, which requires a resolution to be passed by all the "Stammaktionäre" and the change notarised. By the time that's all done, a company specialising in setting up off the shelf companies would hardly have any scope for making a profit - unless they're quoting the sort of figures you're talking about. And then you have the issues of residence and director requirements that previous posters have alluded to.



I've spoke with merge and aquistion attorneys they said you can't
quote a price on a dormant company because it's dormant the only
thing they can do is suggest a price and since it's dormant and not trading
the prices are not of true value plus aquistion cost.
What they are saying is the company is dormant and not trading so how
can you quote a high price amost three times the value of the paid up share capital which is 50000chf for an AG. One Attornny said to give someone $125,000 for a company with 50000chf paid up capital is highly unlikely since is
dormant not trade and who buys two combines and reviews one.
What he ment by that was they are trying to sell me company but at the same time they are buying two companies and giving you one so simple
as put your buy yourself a company and them a company and being ripoff on
annual admin.

Example

I give the $125,000 and revive a company with 50,000CHF of paid up share capital, now there's $75,000 left the aquire another dormant company
any where from 2000CHF - 3000chf to restock the company they just sold
me now there's 22,000chf -23,000chf left, and they just told me ealirer today
that the annual admin of director registered office tax auditor etc is not included
in the price so there it is I'm just buying myself a company and them a company
it's like I'm being charge double it's just like some telling you something cost
$100 and it's really only $50.
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Old 06.08.2012, 18:45
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Re: Shelf Company???

Well I hope you know what you're getting into.... If you think as a non EU buying a company and holding the shares on a low level basis on the cheap will grant you a permit to be a resident without proof of wealth and sustainability you are kidding yourself...
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Old 06.08.2012, 18:54
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Re: Shelf Company???

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I will be moving soon, I've ask attorneys from different cantons and they said
The prices I'm being quoted a mark up way to high for dormant companies cause there not listed on the Swiss six
and there is no real way to value a dormant
company as so for it to be quoted at these prices
are not true. What the attorneys that I've spoke
with are saying basically that they are trying to rip me off.
Now the attorneys I conversed with are all on the bar
and so forth they just don't deal with small clients like
my self but quoted that i should pay any more than 5%
of the share capital, so if the dormant company has the
minimum of 50,000CHF then the acquisition cost should be
no more than 2,500chf. As for admin of the company they said for
small buissnes range from 7000chf 10000chf but could even go
into the millions depending on how many employees commercial property
etc. and I've been quoted this from over 5 different attoreies it's just
like I said they deal in big mergers and acquisitions do I sure they
know what their talking about, I guess I just have to find a notary
or an attorney that can do this for me at a reasonable cost.
As for Swiss civil code Ive came across a lot off provisions etc
it's just i need to aquire the company first.
The risk in buying a dormant company is that it has hidden debts which only appear after you bought it & people come knocking on your door to collect.
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Old 06.08.2012, 18:54
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Re: Shelf Company???

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Well I hope you know what you're getting into.... If you think as a non EU buying a company and holding the shares on a low level basis on the cheap will grant you a permit to be a resident without proof of wealth and sustainability you are kidding yourself...
I don't need to be a citizen of resident EFTA or the EU as long as my company
is meet provisions of economic nature which means creating jobs
I will have no problem getting residence and I will
be meeting provisions on Holiday tax for starting a buissnes
in Switzerland. Ivan easily start a new company no problem
it's just older dormant combines have better provisions
etc, that's why these compound try to charge up cause the know the
provisions within Swiss civil code but who's to say I don't.
I know what Im doing just not dumb to get ripp off.
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Old 06.08.2012, 18:57
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Re: Shelf Company???

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The risk in buying a dormant company is that it has hidden debts which only appear after you bought it & people come knocking on your door to collect.
That's why your get a I forget the word right now from an auditor
showing
that the company is free of liabilities tax etc.
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Old 06.08.2012, 19:01
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Re: Shelf Company???

Why don't yopiu just give me Chf 50kl and have done with it as it's pretty obvious you're going to lose it anyway.

OWNING A COMPANY IN NOT IN ANY WAY A GUARANREE OF A RESIDENT PERMIT !
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