A GmbH in Switzerland is a limited liability company or a GesellschaftmitbeschränkterHaftung. This type of company is not as popular as a joint stock company in Switzerland, but the incorporation and administration of the GmbH in Switzerland are rather simple to fulfill.
The minimum share capital required for setting up a limited liability company in Switzerland or a GmbH is 20,000 CHF. This capital is divided into “quotas”. Each quota has a nominal value and one quota cannot have a lower value than 100 CHF.
At least two shareholders must decide upon establishing a GmbH in Switzerland and they can be either individuals or legal entities. Founders must register in the Registry of Commerce. Their liability is limited by their shares in the limited liability company in Switzerland.
The management structure of a limited liability company or GmbH in Switzerland is quite simple and does not require high costs. No board of directors is mandatory for a Swiss GmbH, but the main decision maker is the managing director who has full responsibility for the company. At least one managing director is required for a Swiss GmbH and it is recommended that he has Swiss citizenship. A company secretary is optional.
The auditing requirements in the case of a limited liability company or GmbH in Switzerland are quite simple. Financial statements are not supposed to be registered with the Registry office, but financial records must be kept in order to be able to present them at the request of the shareholders or the tax authorities.
As far as the name of the company is regarded, it can be formed in any language that uses the Latin alphabet. A translation in Swiss might be however needed for the company registration in Switzerland so that the authorities know it is not a forbidden or bad word.
Opening Swiss companies is a complex matter that usually requires the advice of a specialist in incoporation matters. Please contact our company formation specialists in Switzerland for more information about Swiss limited liability companies. Furthermore, we can help you set up limited liability companies in other countries, through our company formation partners in Hungary or Bulgaria.