Having 20+ years of influential leadership in IT Mr. Radchenko is currently running Radenia AG – consultancy firm in Switzerland, helping businesses from different sectors and geographies to sustain growth and reach a new level of internal efficiency. Being a passionate leader of transformations, he and his team are enabling companies with effective IT solutions and guiding businesses, teams and their leadership through evolution and aligning business and IT. Serving as a board member of Joint Chamber of Commerce in Zurich, Mr. Radchenko promoting Ukrainian IT services in Switzerland, EU, UK and beyond, being a trusted advisor for many businesses looking for reliable and innovative partners.

1. Why Switzerland?
Switzerland as the destination for innovative companies/ Lviv 29.09.2019
Oleksandr Radchenko
CEO, Radenia AG, Zug
Board Member, Joint Chamber of commerce, Zurich
© Radenia AG, 2019. All rights reserved.
No part of this document may be reproduced, stored, transmitted, or disseminated in any form or by any mean without prior written permission from Radenia AG, Switzerland

2. Promote
Identify
Guide
Switzerland as optimal location
to start or develop innovative business
potential candidate companies
and start-ups on Ukrainian IT-scene
relevant candidates in launching or
moving their business to Switzerland

3. How we can help you
to win this game
Apply to the
initiative
Initial review
and consulting
Define
individual
approach and
service package
Analyze investment and
other needs, shortlist
candidate cantons
Eligibility check
Legal
consulting
Incorporation, migration,
support with authorities and
banks
Accounting
consulting
Financial accounting and
reporting, tax compliance,
payroll management
Business
consulting
Industry expertise and
network, strategy, connect
to investors and
accelerators
Settlement
support
Office, housing, education,
insurances
One-off,ongoing or on demand
Our goals:
• Optimal legal entity registered and operable
• Key people relocated and settled
• Company is provided with required consulting
and advisory on business, legal and accounting
matters

4. legal entities
at least one shareholder
(individual or entity from any
country)
required minimal capital
limited liability easy transfer of shares
managing body to ensure
proper organisation and
management à personal
liability!
formation via
notarization and entry
into commercial register
one local manager
10/3/19 3
Swiss vehicles: common aspects

5. 10/3/19 4
vehicle comparison
GmbH (LLC) AG (stock company)
20,000 CHF minimal capital 100,000 (50,000) CHF minimal capital
Transparency – visibility of owners
in commercial register
Anonym, but ban of bearer shares
One quota at least CHF 100 nominal value One share - down to CHF 0.01 nominal value
Managing directors Board of directors
Cheaper option – less flexible as AG Vehicle for any kind of business

6. Preparation of all required information
Checklist provided by notary, law firm, book-keeper
Get in touch with Swiss banks
Find location, office premises
Preparation of incorporation papers
legalized and apostilled commercial register excerpt of mother entity
Legalized and apostilled signatures of managers
Power of attorney
Notarization and commercial register
application
Done in a day
One – two weeks until entry (normal procedure)
Provision of excerpt allows release of funds
Getting started
Get investors in
Get clients
Hiring staff
03.10.19 5
incorporation

7. 10/3/19 6
incorporation bottle neck: bank accounts
KYC
requirements
Traditional Swiss banking vs
disruptive technologies
• Opening a bank account as blockchain firm?
• We can handle it!
Swiss financial
privacy

8. 03.10.19 7
residence and work permits
Free movement of persons for
EU/EFTA members
Restricted regime for «third-
nationals» including Ukraine
Contingents - but extra
contingents always possible
for bigger relocations,
regional support, R&D,
know-how or transfer of
highly qualified specialists
Restriction to freely change
the job and the place of
residence within Switzerland
Priority of Swiss and EU/EFTA
members
Exception of priority if intra-
corporate-transfer of
• top management (example:
transfer of HQ)
• highly qualified specialists (special
know how, long-term employee,
scientist, leadership)

9. 10/3/19 8
cost of operation
Annual tax return
Accounting (see separate slide)
Domicile fee
Legal advisory 300-400 CHF / per hour
Employment à driver of costs
• Social security 10.25% (shared between
employer and employee 50/50)
• Other Insurances (highly depending on
amount of employees)
Rental costs
Average annual rental costs per sqm for office, CHF
Geneva 410
Zürich 300
Lausanne 270
Basel 230
Zug 230
Berne 210
regional centers 200

10. 03.10.19 9
brief overview of Swiss tax system
• The Swiss tax system mirrors Switzerland’s federal structure consisting of
26 sovereign cantons and 2212 municipalities
• Based on the constitution, all cantons have full right of taxation except
for those taxes that are exclusively reserved to the federation
• Switzerland has, thus, two levels of taxation: (i) the federal level and (ii)
the cantonal/municipal level
• Despite of a harmonization of the cantonal tax laws (mainly formal
aspects such as e.g. determination of taxable income, deductions,
assessment procedure, etc.) the cantons and municipalities still have
significant autonomy for the quantitative aspects of taxation (in
particular the determination of the tax rates)
Federal taxes
Cantonal/municipal
taxes
+

11. 10/3/19 10
corporate taxation - new regime
Starting 01.01.2020
• Uniform profit tax rate: Canton Zug 12%
• Patent box: Canton Zug tax relief of 90%
• Tax privilege in the cantons for earnings from IP (additional deductions of
50% for R&D costs)

12. SAMPLE PACKAGES*
Start-up SME Enterprise
Pre-selection,validation and initial approval
Including eligibility check, shortlisting target cantons / communes
Included Included Included
Kick-off
Including service agreement and PoA
Included Included Included
Consulting on incorporation and taxation
Including selection of optimal Swiss vehicle and tax model
Included Included Included
Consulting on bank relationships
Including KYC requirements, filing in applications for capital and operational accounts, corporate cards, introduction to bank account
manager
Included Included Included
Legal entity registration (capital payment not included)
Including drafting deed and other required artifacts, registration in commercial registry and tax office (+VAT if required)
GmbH AG Custom
Consulting on office selection
Including viewing of 3 options, review documents with landlords and service companies
Included Included Included
Relocation support
Including general overview meeting, advisory on relocation and settlement, cost of living, education
Included Included Included
Permits support
Including documents collection support, applications, accompanied visits to migration authorities, registration in commune
2 key people
+ 4 family members in total
3 key people
+ 6 family members in total
Custom
Legal support for first 3 months
Hours per month
3 5 Custom
Legal support for second 3 months
Hours per month
1 2 Custom
Price CHF,from 29,900 CHF 39,900 CHF Custom
Estimated duration till company is registered (usual scenario with local temporarily signatory –cost of local
signatory is not included)
3-6 weeks 3-6 weeks Custom
* - content of packages and associated price may vary depending on multiple factors. Information on this slide provided as indication only and applicable to
“typical” case only.

13. Accounting services
brag -synonymous with quality,reliability and trust since 1962
Member of the Swiss Institute of Certified Public Accountants and Tax Consultants
Swiss Fiduciary Association (EXPERTsuisse/Treuhand Suisse)
INAA International Association of Independent Accounting Firms.
Our professional services are normally billed
on actual hours incurred and standard hourly
rates.
The following indicative fees for payroll
management,financial accounting and
reporting as well as tax compliance can
therefore vary depending on multiple factors
such as content and volumes of specific
client packages.
Information on this slide is therefore
provided as indication only.
§ Audit Services
§ Finance and Accounting
§ Tax Advisory Services
§ Business Advisory Services
§ Personnel Management
§ Fiduciary Services
§ Company Relocation Services
§ M+A I Succession Planning
Start-up SME Enterprise
Payroll management
Including payroll accounting, tax at source, social security,
salary statements and certificates
< 5 FTE’s 6 –20 FTE’s > 20 FTE’s
Financial accounting and reporting
Including quarterly accounting, year end closing,
Swiss statutory financial statements
< 1’000
Journal Entries
1’000 –2’500
Journal Entries
> 2’500
Journal Entries
Tax compliance
Including VAT, income tax, withholding tax, stamp duty tax
Included Included Included
Indicative service fee in CHF from (per year)
Excluding travel, administration and VAT
5,500 –10,000 10,000 –20,000 Custom

14. Contact us to learn how
your innovative company
can do business in
Switzerland
ar@radenia.com
www.radenia.com
Sources
Google Flights
Global Innovation Index 2018, Cornell University, INSEAD, WIPO. https://www.wipo.int/publications/en/details.jsp?id=4330
HSBC Expat Explorer. https://www.expatexplorer.hsbc.com/global-report/
European Commission Regional Innovation Scoreboard 2019. https://ec.europa.eu/growth/industry/innovation/facts-figures/regional_en
HSBC Expat Explorer Survey 2019, https://www.expatexplorer.hsbc.com/survey/
Traditional clusters: Eco’Diagnostic & ecopo, Genf, November 2008
ICT companies, map: https://www.s-ge.com/en/leading-companies-map?f%5B0%5D=leading_companies_map_industries%3A1064