How Heetch France benefited from RISTER’s expertise to set up their subsidiary in Geneva

Heetch is a French start-up created in France in 2013. Initially specialized in carpooling, then as a provider of VTC (Private Hire Vehicle) rides.

“We were contacted by the CFO of Heetch France to ask for a quote for setting up a subsidiary in Geneva and administering it, as well as providing resident manager and domiciliation services until their director was hired in Switzerland and they took possession of their office in Geneva. After accepting our full offer and analyzing the business and its legal and administrative constraints, we began the preparatory work to set up the subsidiary, a Swiss Sàrl, with its parent company in France.”

Andrés Taracido
Director, RISTER

SUMMARY

In 2022, HEETCH, France’s leading VTC service provider, decided to set up in Switzerland, and in Geneva in particular, through its mobile shopping application. RISTER advised HEETCH on setting up their subsidiary in Geneva, with solutions including a Swiss resident manager mandate and a global administrative services mandate to handle VAT registration, accounting, and company taxation.

‍KEY STEPS

SUBSIDIARY ESTABLISHMENT AND GLOBAL ADMINISTRATION

1. Analysis of the business, advice, creation of the subsidiary, and opening of the bank account and VAT registration
2. Analysis of the legal framework related to the business and monitoring the latest developments in Geneva
3. Implementation of domiciliation and the mandate for the administrative management of the subsidiary

‍GLOBAL FIDUCIARY SOLUTION

Subsidiary creation service in Switzerland

Analysis of the business, advice. Complete solution for subsidiary creation from A to Z. Opening of the bank account. VAT registration. Monitoring of the applicable legal framework.

Global administrative mandate

Company domiciliation service, resident manager mandate in Switzerland, VAT, accounting, and taxes.

‍RESULTS FROM RISTER

Accounting/ VAT

Accounting according to the applicable Swiss standards and quarterly VAT statements

‍Taxation

Corporate income tax (ICC/IFD) on profits and capital tax, withholding tax, advance tax, stamp duty, dividend distributions.