Switzerland's position as a global hub for blockchain businesses rests on regulatory clarity, political stability and pragmatic innovation. The DLT Act further solidified this position.
Choosing the right structure affects licensing, tax treatment, liability, governance flexibility and capital raising capacity.
Available Entity Types
Swiss law offers the GmbH, AG, Foundation and Association. Each has distinct characteristics suited to different business models and growth stages.
GmbH vs AG
The GmbH offers lower minimum capital (CHF 20,000 vs CHF 100,000 for AG), simpler governance and greater flexibility. The AG suits larger operations and external investment.
For businesses anticipating FINMA licensing or institutional fundraising, the AG is generally preferred.
Foundations for Token Projects
Foundations are governed by purpose rather than profit, making them appropriate for decentralised community-oriented projects. The ESA requires legitimate purpose, governance and financial viability.
Tax Considerations
Tax treatment varies by entity type and canton. Zug, Schwyz and Ticino have been particularly active in attracting crypto businesses. Token classification, staking income and cross-border implications require careful planning.
Conclusion
The optimal structure depends on specific activities, regulatory requirements and growth trajectory. At Advisorn, we advise on Swiss corporate structuring for blockchain businesses.
For questions about this topic, contact us.
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