Hello

I have a few questions about setting about a LLC (gmbh, sarl). I apologize in advance as these may have been answered previously in the numerous posts here.

If I understand correctly CHF 20,000 of capital is required to set up a limited liability company. How much of this capital needs to be in the form of liquid assets (cash) deposited into a locked account in the bank? Can things such as cars, computers etc. be put toward this CHF 20,000? Also if I understand correctly this capital cannot be touched/reinvested (as of Jan. 2008) for the duration of the company’s life? Is it still possible to use 2nd or 3rd pillar pension schemes to fund the creation of a business? If yes, how does once go about liberating these funds? And how/when does the money typically need to be paid back (if it does).
Thanks to anybody who wishes to tackle these questions.

J

If I remember correctly 20,000 is for a GmbH and 100,000 for a Limited Company.

http://www.gmacg.com/company

is a good resource and another:-

http://www.offshoreinvestment.com/SU...itzerland.html

Hope this helps some.

Help for Businesses/Freelancers in CH
Setting up a business as a B permit holder
How to freelance in Switzerland?
Buying a business in Switzerland
Starting a business in Switzerland.
Setting up a GmBh & unemployment benefits
Initial payment on GMBH/ AG
Swiss Sarl Vs UK Ltd. company

Hi jwren, don't know if this is of any help to you but my partner, Arne, and I did something different because we didn't have the capital to set up a company in Der Schweiz. Also, Arne is German and was in full-time employment, living in Basel at the time. I was living in the UK.

I registered our Limited Company in the UK, for which we have to have a UK registered address. There are companies in the UK who specialise in registering new Ltd companies and housing their registered address. We used UK Data Ltd for this purpose. It's a very straightforward process to register a company in the UK and only cost approx £100. Once a year, we have to submit an annual return to Companies House in the UK and will be liable for a certain amount of tax against the profits the company makes.

Now we both live together in Basel, running our company here from our wohnung and we have our AHV numbers, although this took a bit of time to sort out for me. The local Ausgleichskasse had never heard of a set-up like ours and at first insisted that I had to pay British National Insurance and taxes to the Inland Revenue. So I contacted the Inland Revenue and they sent a letter to confirm that, although our company is registered in the UK, because I live and work in Switzerland, they consider me and my partner, Arne, to be residents of Switzerland. It took a while for me to sort it all out and has been worth it in the end.

If you want to know more about our experience or how we operate, let me know.

Good luck with your business!

Briefly:

Capital as liquid assets = 0 ie a car is often enough.
Capital not being able to be touched prevents it being used for the business which effectively means you cannot trade. So no.
You cannot use 2nd and 3rd pillar funds for a limited liability business as this is an independent person and not you. In other words you are taking from your protected savings to fund another person.