{"id":7346,"date":"2024-09-30T22:02:42","date_gmt":"2024-09-30T20:02:42","guid":{"rendered":"https:\/\/rewisco.com\/?p=7346"},"modified":"2024-12-14T22:10:54","modified_gmt":"2024-12-14T21:10:54","slug":"relocation-from-the-uk-to-switzerland-and-for-other-non-eu-efta-citizens","status":"publish","type":"post","link":"https:\/\/rewisco.com\/en\/2024\/09\/30\/relocation-from-the-uk-to-switzerland-and-for-other-non-eu-efta-citizens\/","title":{"rendered":"Relocation from the UK to Switzerland  (and for other non-EU\/EFTA citizens)"},"content":{"rendered":"<p><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">Switzerland is a beautiful country and approx. 40\u2019000 Brits already call it their home. Its robust economy and stable politics attract individuals and businesses seeking security and growth. Renowned for its financial excellence, reliable legal system, and high standard of living, Switzerland is an obvious choice for those seeking refuge from an unpredictable environment.<\/span><\/p>\n<h4><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\"><strong>\u00a0<\/strong><\/span><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\"><strong>In order to settle down in Switzerland, you need either a<\/strong><\/span><\/h4>\n<ul>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">Work permit<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">Retirement Visa<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">Residency permit with Flat rate taxation<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">Not all foreign nationals are free to purchase property in Switzerland. Some need authorisation to become the owner of a house or land. Purchasing a holiday home, house, an apartment or land in Switzerland will not grant you a residence permit.<\/span><\/p>\n<br \/>\n<h4><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\"><strong>Retirement visas<\/strong><\/span><\/h4>\n<p><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">You need to be <strong>at least 55 without an activity<\/strong>, with required <strong>financial means to support yourself<\/strong> and <strong>proof of special personal relations to Switzerland<\/strong>. An example of this would be spending a relatively long time in Switzerland in the past or proof of Swiss origin. <\/span><br \/>\n<span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">If you manage to retire in Switzerland, you can also claim your UK Pension in Switzerland. It can be paid into a UK or a Swiss bank account.<\/span><\/p>\n<br \/>\n<h4><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\"><strong>Working Visa <\/strong><\/span><\/h4>\n<p><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">For individuals who do not have a potential employer in Switzerland, the <strong>establishment of a company<\/strong> and the <strong>subsequent application for a work permit<\/strong> (residence L or B permit) is a prerequisite. For the establishment of a public limited company or a limited liability company, a representative resident in Switzerland is required.<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">In order to apply for a work permit, <strong>the labour market requirements must be met<\/strong>. In addition to the personal and other requirements, it must be <strong>proven<\/strong> that the gainful employment will have a lasting <strong>positive effect on the Swiss labour market<\/strong> (economic interest). Various documents must be enclosed with the application so that the financial and operational requirements can be checked. These include a <strong>business plan<\/strong> that provides information on the planned activities, market opportunities, the development of personnel capacities (quantitative and qualitative) and recruitment possibilities as well as the planned investments, turnover and earnings. Existing links with other companies must be described and the articles of association and an extract from the commercial register must be enclosed.<\/span><\/p>\n<br \/>\n<h4><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\"><strong>Flat rate taxation <\/strong><\/span><\/h4>\n<p><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\"><strong>Most<\/strong> Swiss cantons offer wealthy foreigners the option of being taxed on a <strong>flat-rate (or lump sum) based on estimated values<\/strong>. Those who choose this option do not have to disclose their worldwide income and wealth and are often better off in tax terms. It is sufficient if you provide certain information once a year in the so-called control statement. You must disclose Swiss income and assets located in Switzerland and <strong>fulfil these three conditions<\/strong>:<\/span><\/p>\n<ul>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">you are moving to Switzerland for the first time or back after an absence of at least ten years.<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">you are not gainfully employed in Switzerland.<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">your place of residence is not in the cantons of Appenzell Ausserrhoden, Basel-Landschaft, Basel-Stadt, Schaffhausen or Zurich. However, lump-sum taxation is possible in the rest of Switzerland flat rate taxation.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">There is a clear derivation to calculate the amount of flat-rate tax\u00a0based on the <strong>calculation of four numbers<\/strong>. <strong>The highest<\/strong> of the four following numbers <strong>determines the amount of your lump sum<\/strong>:<\/span><\/h2>\n<ul>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">your family&#8217;s annual living expenses.<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">the annual housing costs multiplied by seven.<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">the minimum amount set by your canton of residence.<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">your income from Swiss sources, which you disclose in the control account.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">For lump-sum taxation to be attractive to you, you should have taxable net assets of at least CHF 20 million. Usually the threshold for this privilege starts from CHF 150\u2019000 annual tax payment.<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\"><strong>\u00a0<\/strong><\/span><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\"><strong>\u00a0<\/strong><\/span><\/p>\n<h4><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\"><strong>Our services<\/strong><\/span><\/h4>\n<p><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\"><strong>\u00a0<\/strong><\/span><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\"><strong>REWISCO<\/strong> offers you the following services and support for <strong>your relocation<\/strong> to Switzerland:<\/span><\/p>\n<ul>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">Search and choice of home and domicile<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">Company formation and administration<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">Acting as a Swiss company representative<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">Application for work permit and visa<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">Preparation of a business plan<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">Negotiations with authorities<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">Application for lump sum taxation<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">Retirement visa application<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">Assistance with insurances, wealth structuring and succession planning<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">We are proud to offer our relocation services with offices in all major economic parts of Switzerland <strong>in<\/strong> the cantons of <strong>Zug<\/strong>, <strong>Zurich<\/strong>, <strong>Ticino<\/strong> and <strong>Geneva<\/strong>. Our team can advise you in German, English, French, Italian, Spanish and Portuguese languages.<\/span><\/p>\n<br \/>\n<p><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt;\">We look forward to getting to know you personally!<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Switzerland is a beautiful country and approx. 40\u2019000 Brits already call it their home. Its robust economy and stable politics attract individuals and businesses seeking security and growth. Renowned for its financial excellence, reliable legal system, and high standard of living, Switzerland is an obvious choice for those seeking refuge from an unpredictable environment. \u00a0In&#8230;<\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[148,2,147,146,145],"tags":[470,364,366,469,367,468,377,477,478,475,476,479,474,471,473,472,168,297,298],"class_list":["post-7346","post","type-post","status-publish","format-standard","hentry","category-personnel-administration","category-individuals-and-family-offices","category-taxes","category-unkategorisiert","category-corporates-and-foundations","tag-company-setup","tag-company-setup-geneva","tag-constitution-societes-geneve","tag-creation-societe","tag-fiduciaire-geneve","tag-firmengruendung","tag-geneva-relocation-geneva","tag-move-to-geneva","tag-move-to-schwyz","tag-move-to-switzerland","tag-move-to-zurich","tag-relocation","tag-relocation-schwyz","tag-relocation-switzerland","tag-relocation-zug","tag-relocation-zurich","tag-steuererklaerung","tag-tax-advisors-switzerland","tag-tax-consultants-switzerland"],"_links":{"self":[{"href":"https:\/\/rewisco.com\/en\/wp-json\/wp\/v2\/posts\/7346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rewisco.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rewisco.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rewisco.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/rewisco.com\/en\/wp-json\/wp\/v2\/comments?post=7346"}],"version-history":[{"count":5,"href":"https:\/\/rewisco.com\/en\/wp-json\/wp\/v2\/posts\/7346\/revisions"}],"predecessor-version":[{"id":7352,"href":"https:\/\/rewisco.com\/en\/wp-json\/wp\/v2\/posts\/7346\/revisions\/7352"}],"wp:attachment":[{"href":"https:\/\/rewisco.com\/en\/wp-json\/wp\/v2\/media?parent=7346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rewisco.com\/en\/wp-json\/wp\/v2\/categories?post=7346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rewisco.com\/en\/wp-json\/wp\/v2\/tags?post=7346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}