31/05/2026
The Swiss company formation numbers from 2020 to 2025 look like a simple growth story: 46,842 new registrations in 2020, climbing to a record near 51,700 in 2024. Look closer and the total is the least interesting part.
The mix moved. The GmbH and the sole proprietorship absorbed most new entities, for one reason: a GmbH needs CHF 20'000 in minimum capital, while an AG demands CHF 100'000 with CHF 50'000 paid in. Founders pick the form by the cash they can commit, not by prestige.
Volume also concentrated. Zurich, Zug, Vaud and Geneva carry the weight, with Zug's blockchain cluster pulling crypto and fintech incorporations into one small canton. Those firms hit a second gate: FINMA authorisation or VQF affiliation before they onboard a client.
The rule that catches foreign founders is quieter. At least one person resident in Switzerland must be able to represent the company. The entity is not a postbox, and the register enforces it.
A clean GmbH file clears in two to three weeks once capital is deposited. The structure is cheap to start and expensive to misuse.