The #1 alternative
Commenda vs TMF Group vs Tetra Consultants
Setting up a Swiss GmbH as a foreigner, with the mandatory resident director. Here's how the three compare.
Comparison at a glance
TMF Group and Tetra Consultants handle Switzerland through a service team. Commenda runs four product suites on one platform across 70+ countries, so one dashboard takes you from your Swiss entity to a full multi-country group.
Commenda
Global entity management software with complete compliance. Sets up your Swiss GmbH (notary and Corporate Registry filing, capital deposit account assistance, registered address, nominee Swiss-resident director) and runs it alongside entities in 70+ countries.
TMF Group
Global corporate-services firm operating in Switzerland through TMF Services SA (Geneva) and AG (Zurich), and across 80+ jurisdictions. Arranges incorporation, resident director, accounting, tax, and payroll. Pricing by custom quote.
Tetra Consultants
Singapore-headquartered corporate-services firm. Registers a Swiss company in roughly three weeks; provides nominee director and shareholder service, registered office, document drafting, and corporate tax filing. Pricing by custom quote.
Feature comparison
Why we do it better
 | TMF Group | Tetra Consultants | |
|---|---|---|---|
| Starting price (incorporation + year 1) | $12,750 | Quote-based | Quote-based |
| Notary + Corporate Registry filing | |||
| Capital deposit account assistance | |||
| Swiss-resident director (nominee) | |||
| Registered Swiss address | |||
| VAT registration & quarterly returns | |||
| Ongoing accounting & annual tax report | |||
| Transfer pricing (cross-border + CbCR) | Model-specific | ||
| Multi-entity consolidation / audit trail | |||
| Manage entities in other countries | 70+ | 80+ | Multi-jurisdiction |
| Software platform (single dashboard) | |||
| 100+ ERP integration support | |||
| Jurisdiction reach | Global, 70+ | 80+ jurisdictions | Multi-jurisdiction |
Built for different buyers
Pricing compared
Advertised rates as of June 2026. Competitor pricing changes often.
Commenda
$12,750Swiss Start, one-time
- Includes notary and Corporate Registry fees, capital deposit assistance, year-1 address, and nominee Swiss-resident director
- Renewal $11,600/year (address + nominee director) from year 2
- Full-service Swiss Business Package $19,000 yr 1 / $15,000/yr (adds VAT, accounting, annual tax report)
- Customers typically retire 3 to 5 vendors
TMF Group
Quoteper engagement
- Incorporation, resident director, corporate secretarial, accounting, tax, and payroll arranged per engagement
- Service footprint across 80+ jurisdictions through local offices
- Service-team delivery; no single self-serve dashboard for the client
Tetra Consultants
Quoteper engagement
- Swiss registration, nominee director and shareholder service, registered office, document drafting, and corporate tax filing
- Multi-jurisdiction corporate-services firm headquartered in Singapore
- Service-team delivery; no single self-serve dashboard for the client
How each model works
What's the difference?
How TMF Group and Tetra Consultants stack up against Commenda for entity management in Switzerland.
Commenda: Switzerland managed on a platform, as part of your global group
- Sets up the Swiss GmbH (notary and Corporate Registry filing, capital deposit assistance, registered address, nominee Swiss-resident director)
- Then runs accounting, the annual tax report, VAT, and transfer pricing
- Consolidates Switzerland with your entities in 70+ countries, one dashboard, one audit trail
TMF Group and Tetra Consultants: Swiss setup plus compliance, service-team delivery
- Full corporate-services and accounting handling for the Swiss entity
- TMF Group spans 80+ jurisdictions; Tetra Consultants is multi-jurisdiction
- Delivery runs through a service team and email, not a single client dashboard
Making a decision
Which one should you choose?
The right fit depends on your footprint and stage in Switzerland.
Choose Commenda if…
- You operate in Switzerland and at least one other country
- You want Switzerland managed alongside the rest of your group, on one platform, with consolidation
- You want notary filing, nominee Swiss-resident director, VAT, accounting, and transfer pricing in one place
Choose TMF Group if…
- You want an enterprise service firm with local offices across 80+ jurisdictions
- You are comfortable with a custom quote and service-team delivery
Choose Tetra Consultants if…
- You want a service firm to register and run the Swiss entity for a foreigner-led setup
- You are comfortable with a custom quote and service-team delivery
Common questions
Yes, but every Swiss GmbH or AG needs at least one Swiss-resident director with single signature authority and a registered Swiss address. Foreigners who cannot relocate use a nominee resident director. Commenda, TMF Group, and Tetra Consultants all provide one.
For a Switzerland-only setup handled by a service firm, TMF Group and Tetra Consultants both fit and set fees by quote. Commenda is the better fit for a cross-border group: it manages Switzerland on one platform alongside entities in other countries, with transfer pricing and consolidation.
About CHF 3,000 to CHF 10,000 per year, depending on scope. Commenda includes the nominee Swiss-resident director and registered address in year 1 of formation, then renews both at $11,600/year from year 2. It is mandatory while you have no local resident director.
No. Both set fees by custom quote per engagement. Commenda's Swiss pricing is published: $12,750 for incorporation plus year 1, then $11,600/year for the registered address and nominee director.
About three to four weeks for a new company after capital is deposited and documents received. Tetra Consultants states roughly three weeks. A ready-made (shelf) company through Commenda transfers in roughly two to three weeks. The capital deposit account itself can take two to four weeks at the bank.
100 questions, from real customer calls.
The questions finance teams actually ask about entity management: EINs for non-residents, Delaware vs Wyoming, cleaning up the entities a previous provider left behind, and more. If you're looking for something, you'll find it here.
