Open an Insurance Company in Switzerland

The insurance market in Switzerland provides positive business prospects available for both local and foreign entrepreneurs. The insurance companies in Switzerland are supervised by a special set of rules and regulations, but the process of incorporating this type of business respects the requirements imposed by the local authorities for any other type of company. Our team of Swiss company formation specialists can assist investors to establish a business here and can give their professional input for all the stages of the registration process. 

 

 

The bureaucratic steps which have to be followed by investors who want to open a company in Switzerland are similar to those available in other countries of the European Union but, of course, there are also many differences. 

 

After the investor chose a trading name for the company and a legal entity to represent that business, he or she will be required to open a bank account in which it will be deposited the minimum share capital. The capital can vary in accordance with the type of business form chosen by the shareholders. An important aspect related to the corporate bank account is that the shareholder will have to deposit the sum of money in an escrow account, at a bank regulated by the Swiss Federal law on Banks and Savings Banks. There are several type of companies an investor can choose from, but the most popular one is the limited liability company. Businessmen who would like to open a GmbH in Switzerland in order to start their insurance business, can rely on our team of incorporation agents.

 

The statutory documents of the company will be notarized at a public notary; furthermore, the documents will be submitted at the Commercial Registry. The company will have to register with relevant tax authorities, such as the Federal Tax Administration (for Value Added Tax) and the Social Insurance System; our team of Swiss company incorporation agents can offer more information on the local authorities. 

 

 

Companies established in Switzerland in the field of insurance are supervised by the Swiss Financial Market Supervisory Authority. Switzerland provides a solid legislation and the insurance market provides an attractive legal framework. It is important to know that Switzerland is ranked in the insurance industry as one of the most representative states within EU and also at a global level. 

 

The main legislations available for insurance companies are the Federal Insurance Supervision Act and the Federal Ordinance on the Supervision of Private Insurance Companies. 

 

Persons who need further information on the registration of an insurance company in Switzerland can contact our team of Swiss company formation representatives for consultations.