If you, like many of our clients, are ready to take the leap and move abroad, Switzerland offers an elite lifestyle, location, and benefits for global investors. This article summarizes why high-earning investors work to relocate and why Switzerland is an ideal location. For more information on relocating and relocation services, connect with experts at Alpen Partners.
Before we look at why Switzerland is one of the best destinations for high-earning investors, we will see why our clients choose to relocate. Much of an investor’s unease or unhappiness may be solved with relocation. One of the first reasons people love going offshore is for financial freedom. Banking and investment regulations are favorable in many offshore destinations. In many cases, as you will learn, an investment is the key to living offshore. There are thriving markets worldwide that offer more robust investment options or even asset classes that are unavailable back home. Tax benefits are a large factor for some. Expatriation may involve relocating to a jurisdiction like Switzerland, Monaco, Dubai, or Singapore. These jurisdictions are usually preferred for their low tax rates, safety, and investor-friendly environments.
Becoming an expat isn’t just a good idea for your portfolio. There is so much to gain from your personal life. When you relocate, you achieve the lifestyle you want. Different parts of the world offer a variety of climates and environments. Tropical destinations offer a warm climate and a low cost of living, making it the perfect place to retire, where every day will feel like a vacation. Some European and Asian expat destinations offer luxurious living and temperate weather.
There are cultural experiences to be had and geographic locations to see. Also, if you choose to relocate, you won’t be alone. All over the world, there are communities filled with like-minded explorers, retirees, digital nomads, investors, business owners, and people of all kinds. You will never be alone for important holidays, and you will create strong bonds with people worldwide.
Now we are going to take a look at what makes Switzerland special. While there are more than five reasons why Switzerland is perfect for offshore living, we think these are at the top of the list.
First, Switzerland is in an ideal location in Europe, at the meeting point of Western, Central, and Southern Europe, consisting of 26 cantons with the federal government based in Bern. Italy, France, Germany, Austria, and Liechtenstein see residents enjoy a plethora of travel options for pleasure and business. You can be in France, Germany, Italy, or the UK in just an hour. While you are there, you will experience picturesque beauty, including the Swiss Plateau, the Alps, and Jura. Natural beauty attracts visitors from around the globe. The country is small and has an equally small population of around 8.6 million people.
Switzerland is one of Western Europe’s most prosperous countries and boasts nearly the highest GDP in the region, at 748 billion US dollars, and there is no national deficit. This means the country is fully backed by a self-reliant economy. Because of this, people living in Switzerland are afforded a peaceful, luxurious life. Politically, the country is stable, and the country hasn’t been involved in war conflict since 1515. The education system is top tier, so it’s a great place to start a family or move your existing family. The country also reports low unemployment and high per capita income. All of this economic and political stability comes at a price, and it is expensive to live in Switzerland. Our clients who move to the country are high earners.
Switzerland has some of the most appealing banking laws and regulations in the world. Many attribute the Swiss success to the top-tier banking system. Even when our clients choose not to leave their home country, they open a bank account in Switzerland to benefit from the available advantages. Account-holders can expect years and years of financial growth, privacy, and safety. Swiss laws forbid bankers to disclose that someone even holds a bank account or any information about it without the account holder’s consent. Because of the country’s financial success, there’s no question why there are a plethora of investment options available for those looking to expand their portfolio. Since the country is small and wealthy, it is an optimal place to purchase real estate. Swiss real estate is notoriously difficult for foreigners to obtain, meaning that this real estate is highly coveted by wealthy investors hoping for the highest returns. The small size geographically creates a higher premium on real estate than in a more sprawling nation. In addition, the relatively high income of the population means that it will not be hard to find clients to rent out one’s Swiss real estate. There are many more investment options. If you are hoping to expand your portfolio, we can find investments that will deliver the results you need.
It is easier for residents of European nations as these citizens have access to Switzerland without a visa and will need to apply for a residence permit. It can be much more difficult for non-European immigrants to begin their life in Switzerland. To enter, non-European citizens will have to apply for an extended stay visa to enter the country, such as the Swiss Family Unification Visa, work visa, study visa, or other applicable documents. There is also the option to make qualifying investments to earn residence. It is possible if you are a non-European citizen looking to move to Switzerland. You will just need some guidance from professionals.
Taking the leap and leaving your home country can be a big decision with a long list of personal and legal steps. Each step requires assistance, including getting the passport, ensuring everything is completed correctly regarding taxes, acquiring work permits, making investments, and more. With the assistance of our immigration lawyers, you can create a relocation plan that will best fit your needs no matter how much planning you’ve done so far. If you feel trapped by your local investment options and want to spread your wings a bit, consider relocating to Switzerland with Alpen Partners. Connect with us today!
No matter the problem, Alpen Partners will handcraft a solution for you. We know that there is no one-size-fits-all when it comes to financial success. Our approach involves working with our clients to make a unique plan to meet their needs. Rest assured that we will work hard to guide you through the process of meeting your financial and personal goals.
Contact us to enhance your financial plan today.