
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.
We are also at your service if you want to set up this type of business under the form of a
Swiss SA.
Insurance legislation in Switzerland
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.