Malaysia Hotline: +603- 2141 8908
A Sole
Proprietorship or just a Proprietorship (also known as an individual
enterprise, one-man business, sole trade or self-employed person) is the most
simple business unit, which is registered as a private person, who manages his
business himself and has an unlimited liability. A sole proprietorship is ideal
for doing any kind of small business and as a start-up. A Sole Proprietorship
can have hired personnel as well as any other business entity.
Advantages
of a Sole Proprietorship:
-Formation
is faster and easier than with the other business forms
-Owner
has full control of his business and gets all profits
-No
minimum starting up capital
-No
legal audit and disclosure is required
Conditions
A Sole
Proprietorship is not obliged for being registered at Commercial Register if
its annual turnover is less then 100,000 CHF. If the annual turnover does not
exceed 100,000 CHF, the registration in Commercial Register is still
preferable. Foreigners (except EU citizens) may register as a Sole
Proprietorship only having a residence in Switzerland with C-Permit (settlement
permit). Domicile in Switzerland is not mandatory. No other special permission
is needed, except license for those businesses which demand it by Swiss law.
Naming
A Sole
Proprietorship should be named by the business owner’s family name, with or
without adding his first name: However, it’s not possible to use the same name
at one local area, so if somebody has already registered his business with the
same name before, the newest business must take some ending to his name to make
some distinct changes.
Taxes
and Contributions
A Sole
Proprietor is obliged to pay a Federal Direct Tax at the personal income tax
rate. There are such dues for social insurance on his responsibility: health
insurance, invalidity ins. (IV), retirement ins. (AHV), and loss of earnings
compensation (EO).
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my