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| I've just got off the phone from a friend from the UK who is considering buying a company in Germany that currently supplies him with materials. there are issues with the existing company, so he is looking to set up a new company with the same name as his UK company but having a gmbh tag. Then to effectively buy the assets from the existing company and transfer them to the new one with a view to re-locating the lot either to the UK or maybe Switzerland..... phew.
He doesn't speak German (nor do I come to that) but asked if there would be beneifts to setting up the company office here rather than Germany, with the manufacturing site in CH, Germany or the UK. I know that is a bit of a mouthfull, but I said I would ask for a few basic tips on here, as he approached a law firm in Manchester who have offices in Zurich and Geneva and they wanted £1,500 for an initial consulation | |
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Very broadly and assuming a profit is made, he and his company should pay less tax in Switzerland. From an employer's point of view hiring and firing is easier here too.
I would watch out for German labour laws when buying the assets of the company. There could be substantial redundancy payments due. £1500 for the consultation may be a bargain...