Phenomenon: Now Legally Established in Switzerland!
We finally opened our legal entity in Switzerland a few weeks ago: Phenomenon Studio SAGL. The registration process took several months, dozens of meetings, and documents prepared to meet the high standards and requirements of Swiss business legislation. The decision to get an official registration in Switzerland was not spontaneous for Phenomenon – having developed a strong network of partners and clients here, we were proud to become an official part of the Swiss business ecosystem.
How Phenomenon got its registration in Switzerland
Phenomenon is an international group of companies providing full-cycle product development. It has offices in Ukraine, Poland, and Estonia and is now officially registered in Lugano, Switzerland.
It all started when Phenomenon leaders came to Switzerland in the spring of 2023 for the Lugano Business Forum, which focused on supporting Ukraine’s post-war economic recovery. The event and the trip gave the team a solid networking base and introduced us to local partners, businesses, and our first Swiss customers.
Excited by the maturity and professionalism of the local business community and intrigued by the opportunity to join the Swiss IT scene, we started the official registration of our company as Phenomenon Studio SAGL two months ago.
What is SAGL? In Switzerland, there are two types of limited companies: joint-stock company (SA) and limited liability company (SAGL), which are opposed to individual companies, such as sole trader or general partnership, for which liability is defined as personal. We chose the last type – SAGL – for our registration because it fits our strategic goals and provides flexibility for our business modeling.
During these 2 months, the company underwent all obligatory stages of obtaining official registration in Switzerland:
- sorrow collection of all necessary documents;
- getting a guarantor who is a resident who has entered the management structure;
- opening an active account in a Swiss bank;
- presenting the company’s business plan to the commission;
- finally, obtaining registration.
An official registration allows Phenomenon Group to enter into new partnerships in Switzerland and meet the stability and reliability requirements of the Swiss business environment.
What does this registration mean for Phenomenon?
Being an official partner in a new local market
Opening a legal entity in Switzerland allows us to build business relations and partnerships or find new clients here, finally becoming an official and equal participant. We hope that SAGL registration will simplify all juridical aspects and contribute to our relations with partners.
A proof of our commitment and high standards
Obtaining registration in Switzerland is yet another step that demonstrates Phenomenon’s responsibility and long-term commitment to providing high-quality services for our customers. These changes allow us to align with the local market’s innovators, which will directly affect the quality of our products.
Joining a new flexible & modern business ecosystem
We are proud to become part of the Swiss business ecosystem and partner with local businesses. It is great to join a business community with such high benchmarks and correspond to them.
Switzerland has a robust business community
Today, Switzerland is one of the most developed European business hubs. The country actively provides opportunities to attract investments and implement innovative solutions. Its government has made every effort to contribute and create a business-friendly company formation process. Switzerland is also among the first to recognize the power of crypto & implement it into the everyday life of the citizens. Switzerland has become one of the world’s top investment jurisdictions with its world-class banking system and solid financial and fiduciary industries.
To sum up
Having taken our registration process very seriously, we plan to keep up the momentum and continue in the same spirit. Now, we have new opportunities for practical cooperation on equal terms with local and international partners and innovative startups. Our studio has always prioritized excellent, high-quality work, so we are glad to receive new commitments and requirements, which we will now adhere to.
We extend our heartfelt gratitude to La Relocation, the company that assisted us in this endeavor!
More to come!
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