__Becoming a Swiss Resident
For business persons and their families there are many benefits of obtaining Swiss Residency including:
Excellent quality of life
Excellent location for European travel
Low Federal and Cantonal Taxes (No capital gains taxes)
Protection of wealth & assets
A Safe Haven – Excellent Personal and Financial Security
If you are considering establishing a company in Switzerland obtaining personal residency may be a factor to consider in your short and longer term planning.
For those persons setting up a Company in Switzerland there are several routes to obtaining Swiss residency.
Essentially for those establishing a company or business in Switzerland and wishing to be employed by that Company and take up residency there is a requirement to obtain a Residency and Work permit which are issued by the Cantonal Migration Authorities in the relevant Canton.
For EU/EFTA Citizens…
The Agreement between Switzerland and EU now entitles citizens of other EU and EFTA Countries to enter, live and work in Switzerland on the same basis as Swiss Nationals. This applies to citizens of the original EU 15 member states, Cyprus, Malta and EFTA members ((Iceland, Liechtenstein and Norway). There remain in place some transitional provisions extending to 2014 relating to citizens of Bulgaria and Romania.
Depending on the profession or specialisation, persons with special technical training and several years of professional experience may also be authorised to work. The issuing of residence permits is based not only on professional qualifications, but also on integration criteria. A person's ability to adapt professionally and socially, their language skills and age should be such that there is a strong likelihood of long-term integration in the Swiss employment market and the society.
Salary and working conditions must be the same as for Swiss nationals.
Alternatively many Cantons will accept residency applications from non EU citizens setting up a Company/Business and making and investment in Switzerland. Acceptance of this type of application will depend on the size of the investment being made, the number of Swiss persons to be employed, the nature of the business, and other factors set by the relevant Canton which can vary widely.
For employment the following forms of work permit are normally issued:
G Permit –for cross border EU commuters
120 Day Permit – for short term assignments
L Permit- For up to 12 Months .
B permit- For periods over 1 Year
C Permit – 10 Years or more
Lump Sum taxation
For retired persons (aged 55 or over) and not taking up gainful employment in Switzerland with the means to support themselves in Switzerland may be able to secure residency through agreeing a “lump-sum” annual tax payment to the relevant Cantonal authorities. The tax is normally calculated as multiple of the retirees annual imputed house rental costs in Switzerland.
We are able to assist business owners, entrepreneurs, senior executives, and professionals and their families with all aspects of obtaining Swiss Residency and moving to Switzerland. Please call us for a confidential discussion.