A London entrepreneur

CASE STUDY

Entering Switzerland: Cleaning up a complex multi-canton setup and meeting the first reporting deadline within two months

Situation

A US technology group had established a Swiss presence with a registered office in Zug on local advice. The structure had been chosen without detailed analysis of the company’s actual operating profile — its staff were based in Geneva and Vaud, including future frontalier employees commuting from France, and the business reported to a US headquarters with operations across North America, Europe and Asia. By the time the company contacted Dryden ICS through our website, the registered office was in the wrong canton, frontalier permits had not been obtained before staff contracts were signed, and the payroll and compliance framework needed to reflect operations across three cantons. The company needed everything put in order — and it needed local monthly group reporting as rapidly as possible.

Approach

Dryden ICS took on the full scope immediately. Based on their situation, the registered office was transferred from Zug to Geneva. Frontalier permit applications were initiated for the affected employees. Payroll was established correctly across Geneva, Vaud and the relevant cross-border obligations, with social security registrations put in place for five staff members. In parallel, our accounting team onboarded onto the group’s existing technology platforms — for AP and accounting — with a fast learning curve and light training from the client’s side. Local bank access was established and Dryden supported the onboarding of incoming staff. Monthly reporting was aligned to the group’s international timetable from the outset, with virtual communication maintained across teams in North America, Europe and Asia.

Outcome

The compliance position was fully remediated within two months of engagement. The first group reporting deadline was met in the second month, on time and to the group’s standard. For a lean Swiss operation of a US company, the requirement was effectively a local finance and HR function delivered externally — responsive, multilingual, and integrated into the group’s own systems from day one.

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