In Switzerland, setting up a company limited by shares (AG) or a limited liability company (GmbH) can be a time-consuming and complex process. Opening the capital deposit account, which is required to pay in the share capital prescribed by law, is often a hurdle. This step can take several weeks to months, delaying the opening of a business account and the allocation of an IBAN. Without an IBAN, a company can neither send invoices nor receive payments – a particular problem for start-ups that need to get up and running quickly.
YAPEAL and Hoop working together
Together with the fintech company YAPEAL, Hoop has developed an innovative solution. It lets founders open the capital deposit account straight away and speeds up the incorporation considerably. Within a few hours, the required blocked account can be set up and the capital paid in – a step that traditionally takes much longer.
This is how the digital process of Hoop and YAPEAL works:
- All required documents are prepared and signed digitally on the Hoop platform.
- YAPEAL immediately provides an IBAN to which the share capital can be paid. This takes only a few minutes.
- As soon as the capital has arrived in the account, the capital deposit confirmation is transmitted digitally, the public deed is executed and the documents are submitted to the commercial register.
- Depending on the cantonal authority, the entry in the commercial register can take up to two weeks, while the actual incorporation process has already been completed thanks to the digital solution.
Converting the capital deposit account
After the entry in the commercial register, the account with YAPEAL can either be converted into a regular business account (current account) or transferred to another bank. This flexibility makes the process particularly attractive for founders who want to get started quickly.
This solution removes one of the biggest hurdles to setting up a company in Switzerland: the long wait for a capital deposit account. The whole process is not only faster but fully digital, saving entrepreneurs time and costs and allowing them to build and run their business sooner.
As of October 2026: the share capital can be paid in at any bank. UBS and YAPEAL are now directly integrated into Hoop.
Next steps with Hoop
Incorporate your LLC, Ltd or sole proprietorship directly online – with digital identification, qualified signature and filing with the competent commercial register office.
Company incorporation online with Hoop · Commercial register offices · Digital share register for LLC and Ltd
This blog article does not constitute legal advice, it is made available “as is” and makes no claim to completeness or accuracy. Hoop makes no warranty or liability as to its content. This is excluded to the extent permitted by law. Use is at your own risk. Legal advice is recommended if necessary.
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