Though not a common process, changing the legal entity structure of a business in Switzerland is possible. Entrepreneurs who have opened a company in Switzerland are allowed to change the legal structure of the company they formed in Switzerland if needed.
Switzerland, one of the most important travel destinations in Europe, boasts an exquisite grandeur, interesting traditions, and people with a firm reputation.
Since Switzerland is the place where many large multinational companies decide to establish their headquarters, due to the favorable taxation system, it comes as no surprise that some of the leading companies in various industry sectors are present in Switzerland.
Branch offices are commercially independent businesses of a parent company. Foreign companies are able to open branch offices in Switzerland. Company branches are legally dependent of the head office, thus they do not have a legal personality.
The choice of location for a business has become extremely important in today’s competitive economy. Switzerland offers many unique advantages for entrepreneurs willing to invest in the country, on economical, political and social level.
Managing a Swiss company automatically implies having a board of directors, as it is one of the legal requirements in order to incorporate in Switzerland. Company shareholders appoint the company directors. However, company directors must meet certain requirements, depending on the type of company.