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Switzerland is renowned for its stable and reliable banking system, making it an ideal destination for both Swiss and foreign companies looking to open business bank accounts. Traditionally, Swiss banks primarily served companies based in Switzerland; however, they are now accommodating businesses from around the globe. Whether you plan to incorporate your business in Switzerland or are seeking a secure banking solution for your operations, understanding how to open a Swiss bank account is crucial.

On December 10, 2024, the Council of the European Union approved the FASTER directive (Faster and Safer Tax Relief of Excess Withholding Taxes), which aims to reform the withholding tax refund system. This initiative's main goals are to enhance transparency, reduce administrative burdens, simplify tax regulations for investors, and combat tax abuse. These new rules will create a more favorable environment for cross-border investments while protecting national budgets across EU member states. Key Changes Introduced by the Directive are following:

Digital Platform Taxation

Starting January 1, 2025, Switzerland is implementing a fundamental transformation in how digital platforms are taxed. Under the new regulations, digital platforms facilitating sales of goods will be considered the direct supplier for VAT purposes, creating a dual-transaction system where platforms act as intermediaries between sellers and buyers.

Switzerland is consistently ranked among the top countries globally for employment flexibility and business-friendly labor regulations. This guide outlines the key aspects of Swiss employment law that business owners and employers need to know.

Introduction

Crowdfunding has become a popular way to fund projects, support startups, and connect with investors worldwide. In 2022 alone, global crowdfunding platforms raised over $17 billion, demonstrating the growing importance of this financing method. Switzerland, known for its financial stability and innovation, is no exception to this trend. In this guide, we will explore what crowdfunding is, how it works in Switzerland, the different models available, and the legal framework governing this fast-growing sector. 

Setting up a company in Switzerland involves creating the company's share capital. In general terms, authorized capital can be defined as a sum of money that determines the company`s financial capabilities. Depending on the legal form of a company, the Swiss Code of Obligation establishes the following minimum size of the share capital: