LOCATION: Central Europe
 
POPULATION: 86,77,011
 
LANGUAGES SPOKEN: German, French, English
 
CURRENCY: Swiss Franc
 
CAPITAL: Bern
 
NEAREST AIRPORT: Zurich and Geneva
 
MAJOR INDUSTRIES: Tourism, Insurance, Chemicals, Banking

SWITZERLAND

Switzerland is one of the most immigrant-friendly countries in Europe and one of the most sought-after by businessmen due to its world-class financial system, very high standard of living, excellent education and health care, and great political stability. It is one of the most developed countries in the world, with the highest nominal wealth per adult.
It is a member of the Schengen zone, ensuring visa-free travel for residents and their families. Its residence permit program is aimed at educated and wealthy individuals, and grants residency permit in just 2-4 months.
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SWITZERLAND RESIDENCY PROGRAMS

There are different types of residence categories in Switzerland, and a distinction is made between EU or European Free Trade Association (EFTA) citizens and non-EU or non-EFTA nationals.
 
Non-EU citizens is granted a residence permit on the basis of retirement, investment or business purposes.
 
Requirements for Non-EU/EFTA nationals (under cantonal lump sum taxation for retirees):
  • Adequate financial resources : Applicant must have an annual revenue of at least CHF 600,000 depending on the canton of choice
  • Adequate health insurance.
  • Adequate residential space : Rented or purchased residence in Switzerland.
  • Applicant must not have a work in Switzerland under this program.
  • First time residence in Switzerland: Foreigner shouldn’t have resided in Switzerland for the last 10 years.
  • Must be above 55 years of age and prove adequate financial means.
  • Persons applying for this program need to produce long list of identification documents, besides having clean criminal record and good moral character.
 
*The annual tax is based on the applicant’s expenditure (usually computed five times of annual rent)
 
Requirements for Non-EU/EFTA nationals (Investors/Swiss company formation) :
  • Minimum investment of CHF 1,000,000.00 turnover of the company
  • Applicant must not have a work in Switzerland under this program.
  • First time residence in Switzerland: Foreigner shouldn’t have resided in Switzerland for the last 10 years.
  • Persons who apply for this program should be above 18 years of age.
  • Persons applying for this program need to produce long list of identification documents, besides having clean criminal record and good moral character
 
Applicants must comply with the following requirements:
  • Main applicant must be 18 years and over.
  • Clean criminal record and no breaches of immigration or other laws.
  • Good character.
  • Relevant qualification and experience.
  • Availability of funds if applying as a self-sufficient person.
The Advantages of the Swiss Residency Programme:
 
  • Spouse & Children under 18 can be included.  
  • Quick processing time of 2-4 months between submission and receiving residency.
  • Applicant is not required to declare worldwide income and assets.
  • As soon as residence permit is granted, applicant and his family will have full visa-free access to all 26 countries of the Schengen area in Europe.
  • The opportunity to invest in or purchase of real estate property in Switzerland without prior approval of Swiss authorities.
  • Opportunity to Obtain Swiss Citizenship after 12- 15 years (the decision to grant citizenship is totally at the discretion of the Swiss government and is not guaranteed).
Permanent Residency is granted after 10 years of living in Switzerland.
Naturalisation applications can be made after 12 years of legal and continuous residence in the country
Application processing time: 2-4 months
Disclaimer:
1. Please note, all information provided here should not be considered legal advice.
2. The text is intended as a source of basic information. It is regularly updated. No liability can be accepted for the accuracy or completeness of its contents.