FAQ – Company Formation with Swiss Global Corporate Services
Welcome to our Company Formation FAQ page. At Swiss Global Corporate Services, we aim to make the process of starting your business clear and straightforward. Whether you’re interested in setting up an offshore or onshore company, you’ll find essential answers here.
What is company formation?
Company formation refers to the legal process of registering a new business entity. It includes selecting a business structure, preparing legal documents, registering with authorities, and ensuring compliance with local regulations.
What is an offshore company?
An offshore company is a business registered in a foreign jurisdiction offering low or zero taxation. These jurisdictions—such as Belize, BVI, Seychelles, and St. Lucia—require that the company conducts no local business activities within their borders. Offshore companies are ideal for international business operations, asset protection, and tax efficiency.
What is the difference between offshore and onshore companies?
The main difference lies in tax obligations and reporting requirements:
- Offshore companies usually operate with no tax and minimal reporting.
- Onshore companies, such as those in Hong Kong, the UK, Cyprus, and Gibraltar, are required to file annual accounts and may be subject to audits, depending on local laws.
Do I need to pay taxes on my company’s earnings?
If your company is registered in a zero-tax jurisdiction, you typically won’t pay local corporate taxes. However, personal tax obligations may still apply in your country of residence. We strongly recommend consulting a local tax advisor to understand your individual obligations. Our advisors can help guide you further.
What are the main activities you can conduct through an offshore or onshore company?
You can operate various business models using offshore or onshore entities, including:
- Entrepreneurship
- E-Commerce
- Consulting services
- Import-export
- Real estate ownership
- Estate planning and asset protection
What documents are needed to form a company?
To begin your company formation, you’ll typically need:
- A certified passport copy of each director and shareholder
- A proof of address (dated within the last 3 months)
- A completed application form
- A short description of your business activity
Our consultants will assist you in preparing and submitting all required documents.
How long does company formation take?
The time frame depends on the jurisdiction:
- Offshore companies can often be formed within 48 hours to 5 business days
- Onshore companies may take up to 2 weeks, depending on documentation and local requirements
We keep you informed throughout the process to ensure smooth progress.
What are the costs involved in company formation?
Costs vary depending on:
- The jurisdiction you choose
- The type of company (offshore or onshore)
- Additional services such as accounting, domiciliation, or banking support
We offer competitive, transparent pricing and customized packages.
Do I need a bank account for my company?
Yes, in most cases. The only exception is when forming a holding company that doesn’t engage in transactions. We help clients open multi-currency bank accounts through our trusted partners worldwide, offering services like:
- E-banking access
- Credit cards
- Letters of credit (L/C)
We’ll guide you in choosing the right bank for your needs.
What are my company’s obligations with tax authorities?
- Offshore companies are generally not required to file taxes in their jurisdiction.
- Onshore companies must submit annual accounts and possibly undergo audits, depending on local laws.
Regardless of the company’s tax status, you should check your personal tax obligations in your country of residence.
Do you offer nominee director and shareholder services?
Yes. Our nominee services offer confidentiality and protection. Your name does not appear on public registries; instead, our appointed nominee represents your company under a legally binding agreement.
- Nominee directors sign documents only under your instruction.
- Nominee shareholders protect the identity of the beneficial owner.
You retain full control of the company and its bank accounts.
Do you provide company domiciliation and virtual offices?
Absolutely. We offer company domiciliation services in Switzerland and other jurisdictions. This includes:
- Legal business address
- Mail handling and forwarding
- Optional virtual office with dedicated phone number and secretary services
Can you assist with accounting and auditing?
Yes, our accounting services include:
- Bookkeeping
- VAT and tax declarations
- Annual reporting
- Audit preparation (where required)
We ensure full compliance with local tax laws for both offshore and onshore companies.
Why choose Swiss Global Corporate Services?
- 20+ years of experience in company formation and business consulting
- A global network of trusted partners
- Tailored solutions for entrepreneurs and investors
- Transparent pricing and responsive support
Get Started with Your Company Formation Today
Swiss Global Corporate Services is your reliable partner for international company formation. Whether you’re forming an offshore entity or establishing a presence in Europe, we offer full support from start to finish.
Need help selecting a jurisdiction or planning your structure? Contact our experts today.
In addition to our company formation services, we also offer specialized fiduciary services through our sister company, Swiss Global Consulting Services. Based in Switzerland, we provide a wide range of professional fiduciary services including company management, accounting, and tax optimization. Whether you’re looking to establish a presence in Switzerland or need support with ongoing business operations, Swiss Global Consulting Services ensures your company remains compliant and efficient in one of the world’s most trusted business environments.