Many of our high-earning clients approach us to let us know they feel limited by their current investment opportunities, the banking systems offered by their home country, or simply need to make a change. Luckily, not only do we offer financial services to make their fiscal dreams a reality, but we also can assist with opening up their worlds through relocating internationally. This article will cover why you should consider taking steps to earn a second passport in Switzerland. As one of the world’s highest-performing economies, Switzerland is the perfect place for high net worth investors to live and conduct business. For more information on acquiring citizenship in Switzerland, or want guidance on anything offshore, contact Alpen Partners below! Here are some more details on the benefits of earning a second passport. Sometimes the grass really is greener on the other side.
Many investors will earn a second passport when they have decided to relocate to a new country. This is because they will live in a new country for so long they naturalize and earn citizenship. When they become citizens, they can freely leave and re-enter their country of residence, which is a huge benefit for those hoping to return home to see family and friends and continue to conduct business. However, there are many other benefits that lead investors to seek out a second passport. Some of these benefits are outlined below.
Switzerland is one of the most attractive countries for high-earning investors due to economic stability, a friendly tax system, and a high standard of living. The economy is so strong that there is no national deficit. The Swiss income exceeds its expenses, so a self-reliant economy fully backs the currency. The country also boasts low unemployment, high per capita income and a popular banking destination utilized worldwide. Politically, the country is very stable and hasn’t seen war conflict since 1515. The country is centrally located in Europe and offers easy travel. You can be in France, Germany, Italy, or the UK within an hour. The small European country has an equally small population that takes advantage of its natural resources. The population holds value in personal privacy and offers a great home to raise highly cultured, multilingual children.
Before we dive into getting a Swiss passport, we must note that this article alone is not meant to be legal guidance; if you are serious about getting a second passport, we highly recommend reaching out to Alpen Partners for thorough planning.
To earn a Swiss passport, there are a few options, depending on a range of factors.
One way is through the right of blood or jus sanguinis. Individuals can earn citizenship if they are born to a Swiss father or mother and the parents are married; born to a Swiss mother if the parents are not married; or if they are born to a Swiss father if the parents are not married and the father subsequently acknowledges the child as his own. Another way is through descent which applies to a person born to at least one Swiss parent, no matter of birthplace. Unfortunately, many individuals seeking Swiss citizenship are not lucky enough to be born into citizenship, so they have to be more creative.
Naturalization is the third way a person can acquire citizenship. It is also the most common way for investors to earn citizenship. A person who wants to be naturalized bust meet these requirements:
The last option to note is to acquire citizenship via marriage. After a person marries a Swiss individual, they apply for facilitated naturalization after living in Switzerland for five years and have been married for at least three years. As is the criteria of naturalization, they must prove integration in the Swiss way of life. We often see this when a client earns permanent residence and finds love while living in the country.
There is a lot to consider when making a move to a new country. Switzerland attracts investors from all over the world. With attractive investment options, ideal banking conditions, and high standards of living, there’s no question why you should consider the European destination. Our skilled advisors at Alpen Partners will assist you every step of the way of your journey. With the help of immigration lawyers and investment professionals, we can find the relocation plan that best fits your needs. For more information on seeking a Swiss passport and investment options abroad, contact Alpen Partners 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.