Switzerland, a country renowned for its breathtaking landscapes, high standard of living, and prosperous economy, has long been a desirable destination for individuals seeking a new place to call home. We examine the various aspects of Switzerland Residency by Investment (RBI).
What is Residency by Investment?
Residency by Investment offers individuals the opportunity to establish residency in a foreign country by making a significant financial contribution. This approach allows individuals to gain the benefits of residency. These include; the ability to live, work, and study in the country, by investing in its economy.
Swiss Lump-Sum Taxation
Switzerland is a federal republic made up of 26 cantons and is one of the most attractive countries in the world for conducting business.
Switzerland does not have a typical Residence by Investment Programme. A non-EU/EFTA national who does not plan to undertake gainful activity in Switzerland can become a Swiss resident if a Swiss canton confirms a fiscal interest in that individual taking up residence.
Requirements for Switzerland Residency by Investment
Persons wishing to pursue residence in this way must be non-Swiss nationals, taking up residence in Switzerland either for the first time or after a ten-year absence, and must not undertake gainful employment in Switzerland.
They must maintain a place of residence in Switzerland and should not be absent for more than six consecutive months. They must be of good character, without criminal convictions.
To obtain residency in Switzerland, certain requirements must be met. These include:
Valid Passport: A valid passport is essential for obtaining any type of residency permit in Switzerland.
Financial Stability: Applicants are often required to demonstrate financial stability to support themselves and their dependents while residing in Switzerland.
Health Insurance: Adequate health insurance coverage is mandatory for all residents in Switzerland.
Clean Criminal Record: Applicants must have a clean criminal record and provide a certificate of good conduct from their home country.
Benefits of Switzerland Residency
Obtaining residency in Switzerland comes with a plethora of benefits. Some notable advantages include:
High Quality of Life: Switzerland consistently ranks among the top countries for quality of life, offering excellent healthcare, education, and social services.
Strong Economy: Switzerland boasts a robust and diverse economy, providing ample opportunities for business and career growth.
Safety and Security: Switzerland is known for its low crime rates and overall safety, making it an ideal place to raise a family or retire.
Cultural Richness: With its diverse blend of languages, traditions, and cuisines, Switzerland offers a rich cultural experience for residents and visitors alike.
Stunning Natural Beauty: From the majestic Swiss Alps to the picturesque lakes and charming towns, Switzerland is a paradise for nature lovers and outdoor enthusiasts.
Application process
The application process in Switzerland can be broken down into several steps. Note that these may vary according to the canton of residence:
- Step 1: Applicants must first apply for a visa at the Swiss consulate in their country of residence.
- Step 2: Upon arrival into Switzerland, applicants should rent or acquire real estate in the country.
- Step 3: Applicants may then apply for a residence permit (‘B permit’). They must make a formal commitment not to engage in gainful activity Switzerland.
- Step 4: A decision will usually be made in relation to the application within three to six months.
