Auxadi Switzerland
Switzerland is one of the world’s richest countries and has an export focus. It’s a country with a stable and secure currency, political and economic stability, and world leading academic centres with a strong record for innovation and technology. The fully developed infrastructure makes logistics easy, while Switzerland’s transparent policies and strong economy boost its highly educated, skilled workforce to make it very competitive business centre.
Switzerland represents one of the largest markets in the world for alternative investment fund managers. Switzerland ranks 5th globally in terms of AUM and leads the world in offshore private banking (25% of global offshore assets).
Switzerland isn’t an EU member state but has bilateral agreements in place that ensure free movement of goods, services and people. It’s 26 regions, or cantons, have control over some tax and labour rules.
Switzerland
Switzerland is one of the world’s richest countries and has an export focus. It’s a country with a stable and secure currency, political and economic stability, and world leading academic centres with a strong record for innovation and technology. The fully developed infrastructure makes logistics easy, while Switzerland’s transparent policies and strong economy boost its highly educated, skilled workforce to make it very competitive business centre.
Switzerland represents one of the largest markets in the world for alternative investment fund managers. Switzerland ranks 5th globally in terms of AUM and leads the world in offshore private banking (25% of global offshore assets).
Switzerland isn’t an EU member state but has bilateral agreements in place that ensure free movement of goods, services and people. It’s 26 regions, or cantons, have control over some tax and labour rules.
Why Auxadi is trusted as an expert outsourcing provider in Switzerland
Auxadi is your ideal partner in Switzerland to help enable international expansion and investment. We offer a complete range of outsourced services, to help make your life easier when it comes to running your back-office operations.
While launching an entity in Switzerland takes around two to three weeks, non-EU citizens will require both work and residency permits to incorporate. You may also require a business permit, depending on your firm’s activities, and your incorporation documents will require signatures from a Notary.
Through a single-point-of-contact delivery model and our leading MySPV technology platform, we offer an unrivalled solution that can help you grow your business.
International Accounting, Tax, Payroll, Transfer Pricing and Corporate Legal Services in 50 countries
Services
At Auxadi, we are proud to offer a comprehensive range of professional services, such as accounting, tax, payroll, transfer pricing and Corporate Legal Services to over 1,300 clients. In addition to these core services, we also provide a range of key services for multinationals and funds. Our MySPV platform and local experts enable us to provide comprehensive financial management services, acting as an extension of your finance department.
Our services
Accounting Specialists
In Switzerland, registering as a public or private limited company requires bookkeeping services, and audit requirements depend on thresholds achieved over a two-year period.
There are two acceptable accounting standards – Swiss GAAP FER and IFRS. While listed companies usually use IFRS, local businesses and investors mainly use Swiss GAAP FER, as the standards are relatively easy to understand, have a modular structure, and vary with business activities and size.
We help global corporations and fund managers with all their corporate accounting requirements, using our bespoke, market-leading technology platform, MySPV.
Our accounting experts in Switzerland can help manage:
- Accounting and bookkeeping
- Management accounting
- Statutory accounting
- Official Books and Annual Accounts
- Cash management (including payments)
- Reporting
- Consolidation of finanical statements
- Bank account tracking
- Treasury and cash flow forecasts
- Audit assistance
Tax Specialists
While Swiss taxes are set at federal, cantonal (regional), and municipal levels, competitiveness among cantons to attract business means that cantonal rates are low. While Switzerland’s federal corporation tax is set at 8.5%, this regional competitiveness means the total maximum rate for all federal, cantonal and municipal taxes is between 11.9–21.6%.
The Swiss government also reduces the amount of corporation tax owed based on the number of shares it owns. So, foreign companies holding +10% of other firms can get a significant tax break.
It’s these relatively low taxes and strict traditional privacy laws that have encouraged Switzerland’s tax haven status – though these privacy laws have weakened since Switzerland signed the FATCA agreement.
We’re experts in international taxation and can help you to comply with the local tax requirements in Switzerland, using our purpose-built automation technology.
- Tax compliance – covering multinational, federal, state, and municipal taxes
- Official Books and Annual Accounts
- Assistance with tax inspections and audits
- Tax reviews and claims
Payroll Specialists
Switzerland’s labour laws are defined as ‘light-touch’ and liberal, with the work week being a maximum 45 hours. Overtime is limited to two hours per day and is paid at +25% of the standard hourly rate.
While rates and requirements vary between Switzerland’s 26 cantons (including public holidays, minimum pay / conditions, and maternity benefits), industry-level collective agreements are in place for around half the workforce – and these are legally binding on all employers in that industry, signatory or not.
Our experienced and knowledgeable team of payroll specialists in Switzerland will use our unique payroll technology platform to manage your payroll function. You’ll have permissions control for reviews and approvals, automated processes, and data that can be easily consolidated across your global business.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us.
