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Old 23.02.2008, 18:50
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Foreign office

Hello there,

I am a British national who currently lives in Denmark where I run a small ApS (limited liability) company with employees. I will be relocating to Zürich in June (with my girlfriend who is starting a PhD) and would like to establish a new foreign branch for my company here.

Does anyone have experience with foreign offices of existing companies?

Thank you for your time,

Russell.
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Old 23.02.2008, 19:33
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Re: Foreign office

Cant help you but just want to say hope all goes well for you with the move and welcometo switzerland its so beautiful here
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Old 23.02.2008, 19:37
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Re: Foreign office

Why not found a new Swiss company?
Maybe make your Danish a subsidiary?
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Old 24.02.2008, 07:14
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Re: Foreign office

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Hello there,

I am a British national who currently lives in Denmark where I run a small ApS (limited liability) company with employees. I will be relocating to Zürich in June (with my girlfriend who is starting a PhD) and would like to establish a new foreign branch for my company here.

Does anyone have experience with foreign offices of existing companies?

Thank you for your time,

Russell.
here you go, previously covered in this thread : Starting a business in Switzerland.
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Old 25.02.2008, 10:06
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Re: Foreign office

@Goldtop - Thanks for the reply. All of our (current) clients are Danish and there are 4 other people that will remain in Denmark. Was your suggestion based on taxation reasons?

@Polorise - Thanks for the thread link also, although I am really specifically looking for anyone with experience/knowledge of setting up a foreign branch.

Thanks again guys
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Old 25.02.2008, 14:40
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Re: Foreign office

There probably is a taxation benefit, particularly if you start a Swiss "Holding Company" in a low tax canton (e.g. Obwalden). Quantifying the benefit depends on residual taxation in Denmark, etc. If you have a profitable businees, may be worth exploring your options with a tax specialist.
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Old 25.02.2008, 23:59
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Re: Foreign office

just expect the same reply to this question however it is asked. aparently the answer always is however big and successful your exsisting company is just close it down and come and open a swiss one Its simple! The swiss way is the only way. and dont expect the people who deal with your permesso to care that you have a profitable concern outside of switzerland. Same advice! close it down and open a Swiss one. I wish I could help you but Ive been brainwashed by the swiss myself now, after an official today told me he doesnt care if I have a million euro in my bank account he wants a regular salary always the same amount comming into my account. Yes you guessed it from a swiss company.Sorry cant give you more, you have been warned cheers.
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Old 26.02.2008, 17:46
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Re: Foreign office

Mr. Quinn,
my name is Diana. I currently live in US, but I'm looking to relocate to Zurich. Would you have any open positions in your new location? (English speaking)

I have very good analytical skills and knowledge in coordinating, problem-solving and communicating, and I am confident that I would be a great addition to your team.

I believe that the experience I accumulated in my current and previous positions, and being fluent in three languages, will help me be one of your best employees.

I am a very determined and hard working person, detail-oriented, a team player and a fast learner. I am willing to take any certifications /courses that might be necessary to succeed in my career.

Thank you so much for your time and consideration.

PS. I could send am email with my CV, if you will consider necessary.
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Old 28.02.2008, 13:13
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Re: Foreign office

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Hello there,

I am a British national who currently lives in Denmark where I run a small ApS (limited liability) company with employees. I will be relocating to Zürich in June (with my girlfriend who is starting a PhD) and would like to establish a new foreign branch for my company here.

Does anyone have experience with foreign offices of existing companies?

Thank you for your time,

Russell.
Hi Russell,
It is quite possible to open a Swiss branch of a foreign company. There are certain rules that apply to taxation of assets and income and also other points you might want to consider to change the 56% Danish tax rate into a more "friendly" 15% Swiss rate.

If you have questions post them and I will provide you with the answers.
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Old 29.02.2008, 00:45
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Re: Foreign office

Thanks for the information Richard. Considering a company restructure from the top for tax reasons seems like an obvious thing to do, but I think we're going to concentrate on establishing a foreign office first (just me for now). It's going to be a major logistical upheaval to loose the limited liability status in Denmark right now.
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Old 29.02.2008, 08:40
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Re: Foreign office

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Thanks for the information Richard. Considering a company restructure from the top for tax reasons seems like an obvious thing to do, but I think we're going to concentrate on establishing a foreign office first (just me for now). It's going to be a major logistical upheaval to loose the limited liability status in Denmark right now.
You don't need to loose the limited liability status in Denmark me thinks. You can simply reassign your headquarters to Switzerland and have the Danish company contribute to headquarters a fee. This then is taken as a foreign transaction for company services and is tax deductable. I am not so sure about Danish tax law though so I might need to check up on exactly how it works but doable it certainly is.
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