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Old 17.07.2019, 11:48
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UK Tax Accountant for new Ltd.

Dear all,

We recently opened our UK Ltd. and are confused on what would be the best method to transfer earnings.

Therefore we're looking for an accountant who has experience in dealing with UK Ltds. (preferably in Zürich).
The topics would be:
How are we going to pay ourselves > Salary vs. Dividends.
How are our investors profits going to be taxed.
Do we open a Swiss company to deal with the English Ltd.

Thanks in advance!

Cheers Pauly
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Old 17.07.2019, 12:24
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Re: UK Tax Accountant for new Ltd.

I assume you're going to be operating out of Switzerland, so a subsidiary of the UK ltd would be the way to go. (Niederlassung in German I think). This will allow you to register for Swiss VAT, payroll etc.

Under the EU Parent/Subsidiary directive (and when the UK leaves the EU, the Swiss have indicated this directive will be kept between CH and the UK) there are many advantages in this setup.

I can't advise on Zurich based lawyers but there are many good ones who understand this.
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Old 17.07.2019, 12:54
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Re: UK Tax Accountant for new Ltd.

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I assume you're going to be operating out of Switzerland, so a subsidiary of the UK ltd would be the way to go. (Niederlassung in German I think). This will allow you to register for Swiss VAT, payroll etc.
You don’t need a Swiss subsidiary to do either of those two things, more over the Swiss authorities may decide the company center of management is in Switzerland in any case.

OP: try http://taxexpert.ch/
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Old 17.07.2019, 16:53
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Re: UK Tax Accountant for new Ltd.

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You don’t need a Swiss subsidiary to do either of those two things, more over the Swiss authorities may decide the company center of management is in Switzerland in any case.

OP: try http://taxexpert.ch/
The setting up of a branch means the parent giving the branch it's independence, and so the branch is a Swiss company. Parent and branch work independently but are free to trade between each other.

If the OP is not trading in Switzerland and takes a salary from the UK company, then he may be taxed on his earnings in the UK. If he is living in Switzerland, he'll declare them and then use the DTT between CH and UK. Dividends will not be subject to a withholding tax in the UK and he'll declare them in his Swiss tax return.

The investors profits (dividends) will be taxed (or not) according to their individual circumstances.

It depends entirely on what he is doing with the company, if he has a B or C permit etc, which he does not say, hence the use of a branch, where he can receive his payment from the parent without deduction and then pay his salary and social premiums in Switzerland. As i said, there are many benefits tax wise, not to mention it's easier to open company bank accounts, lease cars etc, by having a branch.
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Old 02.08.2019, 16:46
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Re: UK Tax Accountant for new Ltd.

Thanks all for your input.

Currently I have a B permit.
And we are indeed contacting an accountancy here in Zurich.

Where can I find more info about the Branch?
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