In Switzerland, wealthy foreigners can receive a residence permit for the payment of a lump-sum tax. This type of a residence permit assumes that the investor and his family will move to the country but will not work there. They are allowed to manage capital or business in another country.
The amount of the lump-sum tax depends on the canton and the expenses of the family in Switzerland and abroad. It is calculated individually. A residence permit for the payment of a lump-sum tax can be obtained in any canton, except for Zurich, Appenzell-Ausserodden, Basel-Stadt, Basel-Land and Schaffhausen.
The tax agreement is signed for 1 or 5 years, depending on the canton, and the residence permit renewed annually. To do this, you need to spend at least 6 months a year in the country.
The investor and his family acquire the right to reside in Switzerland while the residence permit is valid. Usually a residence permit card is issued for a year. It can be extended if you live in the country for 183 days a year.
Switzerland is part of the Schengen area, so residents of the country go without visas to other Schengen countries and spend up to 90 days out of 180 there.
Switzerland’s schools and universities are considered among the best in the world. The investor’s children can get a good education there.
With a residence permit card in Switzerland, you do not need a medical visa for treatment in this country or in clinics in other Schengen countries.
After 10 years of permanent residence in Switzerland, the investor and his family can obtain citizenship. The legislation of the country allows a second citizenship so you will not have to give up the first one, unless it is provided for by the law of the first state.
For children who lived in the country between the ages of 8 and 18, a year counts for two. In total, they must have lived in Switzerland for at least 6 years in order to apply for citizenship.
Swiss citizenship allows you to travel without visas to 186 countries and live in EU countries without obtaining a residence permit in advance.
In some cases, paying a lump-sum tax is more beneficial than paying a tax on global income. For that, an agreement on the avoidance of double taxation must be concluded between the source country and Switzerland.
with no outstanding convictions
A lump-sum tax is the main item of investor's expenses. Its amount is calculated based on income, property, family expenses around the world and the conditions of the selected canton. The tax is paid annually as long as the residence permit status is maintained.
The amount of tax for citizens of countries outside the European Union ranges from ₣450,000 to ₣1,000,000 per year. For citizens of the EU and EFTA countries, the amount of tax is lower than for investors from other countries.
Social security contributions are paid for each adult family member. They need to be paid until the residence permit expires or the person reaches the age of 65.
Additional costs include medical insurance, legal services, and translation of documents. The exact amount depends on the circumstances, such as the investor's family composition.
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A certified Anti Money Laundering Officer conducts a preliminary check of investors who plan to obtain a residence permit in Switzerland. It helps to prepare for Due Diligence, which is carried out during the consideration of the application, and to detect potential problems in time. A preliminary check reduces the risk of refusal for a residence permit to 1%.
The check is completely confidential and takes one business day. The investor and his family members only provide passports.
The investor chooses the canton to which he wants to move. Immigrant Invest lawyers prepare documents to apply for a residence permit and negotiate with the tax office. At this stage, we agree on the amount of the lump-sum tax and receive preliminary approval.
To enter Switzerland and apply for a residence permit, an investor needs a national D visa. A package of documents is submitted to the Swiss consulates in other countries.
The investor arrives in Switzerland to personally submit the documents to the cantonal migration office. In the country, he is accompanied by lawyers from Immigrant Invest.
Upon arrival, it is mandatory to register with the Alien Control Police Department. After submitting the application, you can leave the country or wait for a decision in Switzerland.
The investor and his family members undergo Due Diligence. Usually it takes from 30 to 50 days, but in some cases the period is extended to four months. If the check is successful, all applicants go to Switzerland and receive residence permit cards.
Schedule a meeting in one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.
An investor, his spouse and their children under 18 years of age. Applicants must not have a criminal record. The sum of the annual expenses of the family worldwide must be at least 7 times the cost of the annual rent of the property in which they live in Switzerland.
Moving to Switzerland is a prerequisite for extending a residence permit: you need to spend at least six months a year in the country.
With a residence permit for financially independent persons, you can not work or conduct business in Switzerland, but you can manage a business abroad or in the capital.
In 21 cantons of Switzerland, except for Zurich, Appenzell-Ausserodden, Basel-Stadt, Basel-Land and Schaffhausen. Investors choose the canton they plan to live in.
Individually, depending on the expenses of the investor and his family, their property, income. The amount depends on the canton. Typically, the amount of lump-sum tax is from 450 thousand to 1 million Swiss francs per year.
No. The grounds for obtaining a residence permit in Switzerland include:
You can buy residential real estate for yourself by obtaining a residence permit in the country on other grounds. The purchase of housing by non-residents is limited by the Lex Koller law: they can only purchase holiday properties subject to availability of quota places in the canton.
No, investors receive citizenship by naturalization after 10 years of residence in the country on the basis of a residence permit. The period of naturalization is reduced to five years in case of marriage with a citizen of the country.
For children of investors, a year of residence in the country between the ages of 8 and 18 will be counted as two. To apply for citizenship, you need to live in Switzerland for at least six years.