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
Registration of a Swiss insurance company
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.
Insurance legislation in Switzerland
Companies established in Switzerland
in the field of insurance
are supervised by the Swiss Financial Market Supervisory Authority
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.