Switzerland has various residence categories, distinguishing between the EU or European Free Trade Association (EFTA) and non-EU or non-EFTA. EU or EFTA nationals can quickly obtain a residence permit if they have an employment agreement with a Swiss employer or become self-employed in Switzerland. If they intend no gainful occupation in Switzerland, they can demonstrate financial independence with sufficient income or wealth to cover their living costs.

A few Advantages of Swiss Investor visas are traveling to Europe without a visa, privacy, and freedom; an ideal destination for retirees and wealthy families. Furthermore, the possibility of investing or purchasing real estate property and selection of Swiss canton and location.

A non-EU applicant can obtain a Swiss residence permit in two ways- Formation of a Swiss Company (For Corporates) or Swiss One-Time Taxation (For Retirees). The Swiss Company Formation is the best option for investors, business people, and corporations seeking permanent Swiss residency. In contrast, the Swiss Lump Sum Taxation is best suited for individuals or retirees. 

A foreigner is welcome in Switzerland to establish a company (in a Swiss canton) to create jobs and economic opportunities for local citizens, thus contributing to Switzerland’s economic development. The owner of the company is eligible for a residence permit in Switzerland. In Switzerland, the most common companies are GmBH/SARL (similar to LLC) and AG (for corporations). Because of its low corporate taxation, the canton of Zug is the most advantageous for forming a company.

Minimum Investment

One can obtain a residence permit in Switzerland by paying an “annual lump sum taxation” fee of CHF 150,000 or more, depending on the Swiss canton chosen. 

This fee could be worth CHF 1 million or more depending on the canton. Swiss residency gets endowed to people who fall into these three categories: retirees, wealthy individuals, and business employees.

St.Gallen, Valais, Bern, Appenzler, Fribourg, Jura, Geneva, Graubunden, Schwyz, Nidwalden, Vaud, Lucerne, Ticino, Solothurn, Obwalden, Thurgau, and Zug are the most sought-after Swiss cantons under this programme.

Processing Time: In Switzerland, the average time to obtain a residence permit is 3-4 months.

Eligibility

One can obtain a residence permit in Switzerland by paying an “annual lump sum taxation” fee of CHF 150,000 or more, depending on the Swiss canton chosen.

Requirements for purchasing a home in Switzerland

To be eligible to apply for residency under this programme, you must be over 18 years old. Those seeking a residence permit under the retirement scheme must be over 55 years old and show proof to ensure adequate financial means.

Submission of several identification documents along with the application is necessary, and the applicant must also demonstrate that they don’t have any criminal record and ensure their good moral character.

A Swiss residence permit allows one to purchase real estate property, such as an apartment, without obtaining prior approval from Swiss authorities. An investor immigrant is also exempt from declaring worldwide income and assets to Swiss authorities by paying a taxation fee to the Swiss canton. Compared to other high-tax countries, this is one of the most significant benefits of relocating to Switzerland.

The amount of lump-sum taxation that an investor must pay gets calculated by dividing annual rental income by yearly living expenses, whichever is greater.

Banking and insurance in Switzerland

Banking and insurance are the bedrock of Switzerland’s financial system, widely regarded as the most stable in the world. Swiss banks and insurance companies are incredibly safe because the Swiss financial industry is so tightly regulated. Swiss banks and insurance companies provide substantial services to businesses and discerning investors, provide financial privacy, and maintain a solid reputation, safety, and a robust global presence.

If you plan to reside in Switzerland for more than 90 days, it’s essential to get health insurance. However, we recommend contacting health insurance companies to understand health insurance better and gain more knowledge about the kinds of packages and plans that are out there. They’ll assist and apprise you on how to choose the best health insurance as they have various health insurance comparison tools that can help you get the ideal package. 

Conclusion

Switzerland is a popular jurisdiction for company formation and investment. It provides dependability, respectability, privacy, and limited liability and tax benefits. In addition to this, the Swiss Constitution also guarantees economic freedom and allows anyone to form or own a Swiss company, including foreign nationals. 

We hope that this article has solved any queries that you may have about Switzerland residency by investment.