The registration of a corporation completes in four to six weeks after payment and taxation issues are discussed and solved. The obligatory membership of three shareholders is necessary to form a legal entity. The main features of a corporation formation process in Switzerland are:
- The majority of Board of Directors are Swiss residents
- 50 % payment of the initial capital
- Anonymous character of registration procedure for shareholders
The fact that Swiss Commercial Register does not reveal information on company's founders seems to be very advantageous. This factor turns to be decisive for Switzerland companies' formation. Many businessmen are likely to hide their participation in some business entities, and Swiss regulations allow foreigners to stay anonymous.