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Establishment of a charitable foundation in Switzerland. Service offer

Charitable foundation in Switzerland is a quite profitable structure in terms of taxation and asset protection; creation of such a structure, however, requires much more effort and time than incorporation of a usual company. The peculiarity of establishment of a foundation is that all actions must be approved by the special Supervisory Authority.

Contents

  1. Procedure of incorporation
  2. Time required for establishment
  3. Cost of services*

Procedure of incorporation

  1. Corporate documents (Foundation Charter (Constitution)) are prepared.
  2. Drafts of corporate documents are sent to the Supervisory Authority (Federal Supervisory Board for Foundations). The approval may take over a month; and only after it has been given one may proceed to notarization.
  3. Incorporation requires an authorized capital of at least CHF 50 000. For the purpose of contribution of the authorized capital, a blocked bank account is opened and a bank reference is obtained.
  4. The foundation also needs services of certified auditors. Confirmation that the auditors are ready to start serving the foundation that is being established must be obtained before the documents are handed over to the notary. So, before visiting the notary, one must obtain confirmations from the Supervisory Authority, bank and auditors.
  5. After the drafts of corporate documents have been approved by the Supervisory Authority, the authorized capital has been deposited in the blocked bank account and the auditors’ confirmation has been obtained, a visit to the notary can be organized where attendance of only the Swiss director is enough. The board of a foundation, normally, must consist of three people, one of whom must be a resident of Switzerland.
  6. Documents are sent to the Commercial Registry; and after their bill has been paid, the foundation is entered in the Commercial Register.
  7. Documents are also sent to the Supervisory Authority; and after their bill has been paid, a record is made in the register about the fact that the foundation is under the Supervisory Authority’s control.

After the incorporation, an account is opened and the authorized capital is transferred to it from the blocked account.

Time required for establishment

Establishment of a charitable foundation in Switzerland takes approximately 2 months.

Cost of services*

Service
Cost (CHF)
Basic cost of establishment of a charitable foundation:

- INCLUDES foundation incorporation services, work with auditors and registration authorities, preparation and provision of original corporate documents filling in and submitting application to Swiss Federal Supervisory Board of Foundation, filling in and submitting application to Commercial Register, opening a blocked bank account for transferring capital (minimum capital is CHF 50 000);

- DOES NOT INCLUDE actual expenses (incorporation fees, notarial services, etc.), as stated below.
from 25 000
Services of the Commercial Registry and notary
from 2 800
Federal Supervisory Board for Foundations official fees
from 800 to 4 000 depending on the type of foundation
Services of Swiss director (for 1 year)
12 000
Registered address in Geneva (for 1 year)
4 200
Compliance fee
Paid in case of:
- company’s renewal,
- company’s liquidation,
- transfer to another agent,
- issue of a power of attorney for a new attorney,
- change of director / shareholder / beneficiary, except for a change to a nominee director / shareholder,
- signing of documents.
350 (standard fee – includes check of 1 individual)
+ 150 for each additional individual (director, shareholder or beneficiary) or legal entity (director or shareholder) if legal entity is served by GSL
+ 200 for each additional legal entity (director or shareholder) if legal entity is not served by GSL
450 (check for High Risk companies, including check of 1 individual)
100 (signing of documents)
Preparation and filing of non-zero accounts
Charged based on actual time spent

*The cost of services is effective as of the July 2024.

Are you interested in the offer?
from CHF 25 000
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