Facts and tips, simple and practical Our Nexova blog provides founders, startups and SMEs with the latest information on digital accounting and business management. Get in touch! All Accounting Business Tax and Legal Search for: Accounting October 7, 2024 | David Merz Advantages of a domicile address in Switzerland in the canton of Zug In an increasingly globalized economic world, the domicile address plays a central role for companies that operate internationally. For companies that want to establish or expand a presence in Switzerland, choosing a suitable domicile address is crucial. Thanks to its economic stability, excellent infrastructure and attractive tax conditions, Switzerland offers an ideal environment for growth. In this article, we explain what exactly a domicile address is, who can use it and what advantages a company domicile in Switzerland in the canton of Zug offers. Read more October 6, 2024 | David Merz Optimizing the Balance Sheet: A Complete Guide to Fixed Assets Fixed assets are essential long-term resources that businesses use to operate and generate value over time. Unlike current assets, fixed assets are owned by, and serve the company’s needs, for multiple years. They include both tangible items, like machinery, and intangible ones, such as patents. This article covers the key aspects of fixed assets, including their definition, types, methods of depreciation, and the role they play in financial management. Read more October 6, 2024 | David Merz Understanding Tax Identification Numbers in Switzerland: TIN, UID and VAT ID Understanding tax identification numbers in Switzerland and wider Europe is crucial for individuals and businesses navigating the country’s tax system. Each type of tax ID—whether the personal Tax Identification Number (TIN), the Company Identification Number (UID), or the VAT Identification Number (VAT ID)—serves a distinct purpose, ensuring proper tax compliance domestically and internationally. This article provides a comprehensive overview of these identifiers, their uses, and how they contribute to both administrative efficiency and international tax transparency in Switzerland. Read more October 1, 2024 | David Merz Understanding the Participation Deduction in Switzerland The participation deduction in Switzerland is a key tax benefit aimed at reducing the impact of multiple layers of taxation on income from significant corporate investments. This article will explore how the participation deduction works, its purpose in preventing double taxation, and the criteria for qualifying participations. Additionally, we'll illustrate the tax savings it can offer through practical examples and discuss its impact on corporate investment decisions in Switzerland, helping businesses fully utilize this important tax advantage. Read more October 1, 2024 | David Merz Non-Wage Labor Costs: What is the Real Price of Employment in Switzerland? Calculating employment costs in Switzerland involves much more than just considering the gross wages paid to employees. In addition to salaries, employers must account for various non-wage labor costs, such as mandatory social security contributions, employee benefits, and operational expenses. We’ll break down these costs, explain their significance, and provide insights into how businesses can effectively manage and plan for both direct and indirect employment costs. Read more September 21, 2024 | David Merz How to Find the Right Trustee in Switzerland Choosing the right trustee for your business is one of the most critical decisions you can make. In Switzerland, a "trustee" encompasses a broad range of essential roles and functions. If you’re a business owner looking for someone to manage your company’s financial affairs and tax matters, finding a trustworthy and competent trustee is essential. This guide aims to help you sort through the maze of selecting a trustee, offering insights into what a trustee does, the challenges you may face, and how to ensure that your trustee is truly acting in your best interests. Read more September 9, 2024 | David Merz Measuring Startup Growth – 12 Key Performance Indicators to Assess the Performance and Growth of Your Startup Measuring the growth of a startup is essential for understanding its trajectory and ensuring sustainable expansion. In this article, we explore twelve key performance indicators (KPIs) for assessing the performance and growth of your startup. From revenue growth to customer acquisition costs and employee retention, these metrics provide a comprehensive view of your startup's health and potential. Additionally, we provide some actionable strategies for improving your startup’s growth. By tracking and optimizing these KPIs with the help of our experts, you can make informed decisions that propel your startup to new heights. Read more August 29, 2024 | Lucia Robayo Founding a real estate company in Switzerland: Requirements and opportunities With its stable economy and high quality of life, Switzerland offers an attractive market for real estate companies and presents numerous opportunities, but also requires extensive preparation and knowledge of the real estate industry. In this article, we take a look at the necessary requirements for founding a company, the most suitable forms of business and the future and challenges of the Swiss real estate market. Read more August 20, 2024 | David Merz Setting up a recruitment agency in Switzerland: Requirements and costs More than 6,000 companies in Switzerland are active in the private employment agency and staff leasing sector. Setting up a recruitment agency requires proper preparation and planning, as the profession is regulated by the authorities. You need the appropriate professional qualifications and must comply with the requirements of the employment offices and SECO. In the following article, we explain the specific requirements for setting up a recruitment agency in Switzerland, the registration obligations and the costs you will incur. Read more August 14, 2024 | Nexova AG Founding a FinTech company in Switzerland Switzerland is known for its stable economy, strong banking system and innovative strength, particularly in the technology sector. This combination makes the country an ideal location for FinTech companies. FinTech stands for financial technology and describes companies that use modern technologies to offer innovative financial services. Due to special regulations in Switzerland, there are a number of aspects to consider when founding a FinTech company. This article provides a comprehensive overview of the regulations and costs. You will also find out how many FinTech companies there are in Switzerland. Read more of 11 Would you like a fiduciary consultation? Let us work together. Book a call
Accounting October 7, 2024 | David Merz Advantages of a domicile address in Switzerland in the canton of Zug In an increasingly globalized economic world, the domicile address plays a central role for companies that operate internationally. For companies that want to establish or expand a presence in Switzerland, choosing a suitable domicile address is crucial. Thanks to its economic stability, excellent infrastructure and attractive tax conditions, Switzerland offers an ideal environment for growth. In this article, we explain what exactly a domicile address is, who can use it and what advantages a company domicile in Switzerland in the canton of Zug offers. Read more
October 6, 2024 | David Merz Optimizing the Balance Sheet: A Complete Guide to Fixed Assets Fixed assets are essential long-term resources that businesses use to operate and generate value over time. Unlike current assets, fixed assets are owned by, and serve the company’s needs, for multiple years. They include both tangible items, like machinery, and intangible ones, such as patents. This article covers the key aspects of fixed assets, including their definition, types, methods of depreciation, and the role they play in financial management. Read more
October 6, 2024 | David Merz Understanding Tax Identification Numbers in Switzerland: TIN, UID and VAT ID Understanding tax identification numbers in Switzerland and wider Europe is crucial for individuals and businesses navigating the country’s tax system. Each type of tax ID—whether the personal Tax Identification Number (TIN), the Company Identification Number (UID), or the VAT Identification Number (VAT ID)—serves a distinct purpose, ensuring proper tax compliance domestically and internationally. This article provides a comprehensive overview of these identifiers, their uses, and how they contribute to both administrative efficiency and international tax transparency in Switzerland. Read more
October 1, 2024 | David Merz Understanding the Participation Deduction in Switzerland The participation deduction in Switzerland is a key tax benefit aimed at reducing the impact of multiple layers of taxation on income from significant corporate investments. This article will explore how the participation deduction works, its purpose in preventing double taxation, and the criteria for qualifying participations. Additionally, we'll illustrate the tax savings it can offer through practical examples and discuss its impact on corporate investment decisions in Switzerland, helping businesses fully utilize this important tax advantage. Read more
October 1, 2024 | David Merz Non-Wage Labor Costs: What is the Real Price of Employment in Switzerland? Calculating employment costs in Switzerland involves much more than just considering the gross wages paid to employees. In addition to salaries, employers must account for various non-wage labor costs, such as mandatory social security contributions, employee benefits, and operational expenses. We’ll break down these costs, explain their significance, and provide insights into how businesses can effectively manage and plan for both direct and indirect employment costs. Read more
September 21, 2024 | David Merz How to Find the Right Trustee in Switzerland Choosing the right trustee for your business is one of the most critical decisions you can make. In Switzerland, a "trustee" encompasses a broad range of essential roles and functions. If you’re a business owner looking for someone to manage your company’s financial affairs and tax matters, finding a trustworthy and competent trustee is essential. This guide aims to help you sort through the maze of selecting a trustee, offering insights into what a trustee does, the challenges you may face, and how to ensure that your trustee is truly acting in your best interests. Read more
September 9, 2024 | David Merz Measuring Startup Growth – 12 Key Performance Indicators to Assess the Performance and Growth of Your Startup Measuring the growth of a startup is essential for understanding its trajectory and ensuring sustainable expansion. In this article, we explore twelve key performance indicators (KPIs) for assessing the performance and growth of your startup. From revenue growth to customer acquisition costs and employee retention, these metrics provide a comprehensive view of your startup's health and potential. Additionally, we provide some actionable strategies for improving your startup’s growth. By tracking and optimizing these KPIs with the help of our experts, you can make informed decisions that propel your startup to new heights. Read more
August 29, 2024 | Lucia Robayo Founding a real estate company in Switzerland: Requirements and opportunities With its stable economy and high quality of life, Switzerland offers an attractive market for real estate companies and presents numerous opportunities, but also requires extensive preparation and knowledge of the real estate industry. In this article, we take a look at the necessary requirements for founding a company, the most suitable forms of business and the future and challenges of the Swiss real estate market. Read more
August 20, 2024 | David Merz Setting up a recruitment agency in Switzerland: Requirements and costs More than 6,000 companies in Switzerland are active in the private employment agency and staff leasing sector. Setting up a recruitment agency requires proper preparation and planning, as the profession is regulated by the authorities. You need the appropriate professional qualifications and must comply with the requirements of the employment offices and SECO. In the following article, we explain the specific requirements for setting up a recruitment agency in Switzerland, the registration obligations and the costs you will incur. Read more
August 14, 2024 | Nexova AG Founding a FinTech company in Switzerland Switzerland is known for its stable economy, strong banking system and innovative strength, particularly in the technology sector. This combination makes the country an ideal location for FinTech companies. FinTech stands for financial technology and describes companies that use modern technologies to offer innovative financial services. Due to special regulations in Switzerland, there are a number of aspects to consider when founding a FinTech company. This article provides a comprehensive overview of the regulations and costs. You will also find out how many FinTech companies there are in Switzerland. Read more