Fiduciary: Definition
A fiduciary can be defined as an entity mandated to act on behalf of a company or an individual.
In Switzerland, a fiduciary is a company that specializes in the management of companies, and therefore offers services in this field, such as
- Accounting
- Taxation
- Human resources management
- Management consulting
- Company administration
- Company domiciliation
In short, a fiduciary is a company offering 360° services designed to manage a company's administration, management and finances.
The Role of a Fiduciary
Accounting and Tax Services
Fiduciaries in Switzerland offer services such as bookkeeping, drawing up annual accounts, and handling various tax obligations, including tax returns and VAT management.
Payroll Management
Advice and Support
Thanks to their multi-disciplinary expertise, fiduciary companies help companies and individuals with the taxation, administration or overall management of their affairs by providing comprehensive support.
Registered Address
The trustees can also provide a company domiciliation wishing to establish themselves in Switzerland. It is at this address that the company will be registered with the relevant authorities and receive official correspondence.
Starting a Business in Switzerland
Swiss trustees advise entrepreneurs on the choice of legal formaccompany them through the formalities required for the business start-upand help them find the capital they need to get their business off the ground.
What Training Do Fiduciary Employees Have?
If you want to c all on a fiduciary in Switzerland, make sure that their employees are trained to the highest Swiss standards. Here's a non-exhaustive list of diplomas that a fiduciary's employees could hold:
- Swiss Certified Accountant (ExpertSuisse)
- Swiss Certified Tax Expert (ExpertSuisse)
- Certified fiduciary expert
- Graduate expert in finance and controlling
- Swiss Certified Fiduciary Agent
- Certified finance and accounting specialist
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The Advantages of Working with Fidulex
Fidulex is a Geneva-based company offering a range of management services to individual entrepreneurs and companies in Switzerland.
Our multi-disciplinary, qualified experts can help you with all your administrative, tax and accounting procedures.
We provide flexible packages to suit the size of your business, and help you move forward so you can focus on the essentials of your business.
Frequently Asked Questions
Where does the word fiduciary come from?
The term "fiduciary" comes from the Latin "fiducia", meaning trust. It is used to designate a person or entity who holds a position of trust or responsibility towards another person or entity.
In Switzerland, a fiduciary is a company that is responsible for managing the assets or interests of another person or company.
What are the main tasks of a Swiss fiduciary?
The main tasks of a Swiss fiduciary include bookkeeping, annual accounts, company administration, tax representation, payroll management, and assistance with the formalities involved in setting up and running a business. Swiss trustees also offer advice and can assist with company domiciliation, as well as helping companies to comply with local regulations.
What's the difference between a fiduciary and an accounting firm?
A trustee offers a wider range of services beyond bookkeeping, a fiduciary offers tax management, administrative services and often legal advice, while an accounting firm focuses mainly on bookkeeping, auditing and preparing financial statements.
