Suppose you are unhappy with your current home country. In that case, whether it’s because of the lack of economic opportunities, you want a better place to raise a family, or any other reason you may be seeking a new place to live, you shouldn’t limit yourself. Taking your life offshore can open up personal and economic opportunities not available everywhere. Expatriating offers many benefits to investors that are both good for your finances and can offer an invaluable cultural experience. 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. Switzerland is home to a robust economy with various investment opportunities, safe banking, and high quality of life. There’s no question why some of the world’s wealthiest investors flock to this country for a second residency or even citizenship. In this article, we cover the basics of moving to Switzerland, including why individuals choose to move to this central European destination, how to move, and some other things to consider. When you are ready to begin your journey abroad, contact the experts of Alpen Partners. With the guidance of our professionals, you can achieve all of your dreams.
Why move to Switzerland?
Switzerland is a small country located at the confluence of Western, Central, and Southern Europe. It consists of 26 cantons with the federal government based in Bern. The nation is bordered by Italy, France, Germany, Austria, and Liechtenstein. The region is well known for the Swiss Plateau, the Alps, and Jura. With incomparable physical beauty, the country attracts visitors from all over the world. Many of our clients visit the country for its aesthetic attributes and stay for economic and personal benefits. Culturally, Switzerland’s small population is very private and tends to mind its own business, making it a great place to raise a family. The education system is top-tier and has been noted as a great place to raise children. Politically, the country is very stable and safe, with no war conflict since the year 1515. The country is centrally located in Europe and offers easy travel. In fact, you can be in France, Germany, Italy, or the UK within an hour. The population holds value in personal privacy, education, and safety, making it a great home to raise worldly, intelligent children.
Economically speaking, Switzerland is one of Western Europe’s most prosperous countries and boasts nearly the highest GDP in the region. In fact, the country has no national deficit, and the Swiss income exceeds its expenses. This means a self-reliant economy fully backs the country. The strong economy is one of the main attractions for our high earning clients. The country also reports low unemployment and high per capita income. The economic success of Switzerland is partially due to the ideal banking system. Swiss banks are well known for privacy and safety, holding various assets and account types. Also, with a strong banking system and thriving economy comes attractive investment options. Swiss banks offer world-class investments with promising returns. Since the country is so prosperous economically, it is one of the more expensive countries to live in. Therefore, most of our clients who move to Switzerland are high earners.
How to move to Switzerland
With all of the fantastic benefits of moving to Switzerland, you should be happy to know the country is one of the most immigrant-friendly countries in the world. You can easily access the high standards of living and freedom, but it may come with a price.
It is easier for residents of European nations, especially those in the Schengen region, EU, or EFTA, as these citizens have access to Switzerland without a visa and will need to apply for a residence permit. There is no limit to how many of these immigrants can obtain a permit each year. On the other hand, it is 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 another applicable document. There is also the option to make qualifying investments to earn residence. This involves creating a Swiss company or paying a lump sum taxation (LST) fee that is roughly USD 170,000 or CHF 150,000 minimum. For more information on Swiss residence by investment, contact Alpen Partners, and we can find the best route for you.
If you want to change your citizenship completely, Switzerland has a route for those with permanent residency through naturalization, though it will take some time. Whether you earn your residency through investment or otherwise, the permanent resident must reside in the country for twelve continuous years. After ten years of continuous permanent residence, individuals can apply to naturalize as a Swiss citizen through the Swiss Federal Office of Migration. The office will evaluate whether or not the applicant has integrated themselves into the local culture. The only way to bypass this ten years is through qualifying programs such as through right of blood or marriage.
Moving to Switzerland with Alpen Partners
Switzerland attracts ex-pats from all over the world with attractive investment options, ideal banking conditions, high standards of living, and more. 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. Taking the leap and leaving your home country is a huge decision with many personal and legal steps. The hassle of navigating the legal process of expatriation can be reduced with the guidance of Alpen Partners. Every step can be made easier with help, including choosing a country that best fits your needs, finding the residence options that work with your goals, making sure everything is completed correctly regarding taxes, acquiring work permits, making investments, and more. For more information on moving to Switzerland, contact Alpen Partners today!