Switzerland is a captivating country known for its landscapes, bustling cities and strong economy. Many people dream of visiting and living in this destination. Cities like Zurich and Geneva consistently rank among the top places to live in the world and are tourist spots. Of course, one cannot ignore the beautiful lakes that add to the charm. Additionally, the nation’s renowned for its cuisine that goes beyond its famous cheeses.

For those who have ever considered making Switzerland their home, it’s exciting to learn about an opportunity to obtain residency through an investment of CHF 250,000.

In this guide, we will provide you with a step-by-step explanation of how you can acquire a residence permit in Switzerland through this investment-based program.

The Pathway to Swiss Residency

• Investment Selection: Switzerland offers a range of investment opportunities that make you eligible for residency there. These options include investing in businesses, real estate or other approved ventures. Choose the investment that aligns with your goals and personal preferences.
• Meeting Financial Criteria: Make sure you invest a minimum of CHF 250,000 for the program you select. Keep in mind that this amount might vary depending on the region (canton) in Switzerland where you intend to live.
• Confirming Eligibility: Ensure that you meet the requirements for the residency program. Generally, they welcome investors, entrepreneurs and individuals with skills.
• Gathering Application Documents: Compile all documents, such as evidence of your investment statements and a certificate proving a no-criminal record from your home country.
• Submitting Your Application: Complete the application process to obtain your residence permit through the Federal Office for Migration (FOM). Provide all required documents and pay the necessary fees.

Documents Required For Swiss Residency

The documents and annexures required to apply for the Switzerland Residence Golden Visa Program include a filled-out application form; valid passport or identity card; proof of financial resources/income; current Swiss health insurance; proof of decent moral character; proof of relationship with other family members and a statement (if applicable) that the main applicant shall bear the daily expenditure of family members included in the application.

Process of Swiss Residency Application

Wondering about the application process for a Switzerland residency permit? Here’s a brief walkthrough:

1)    Conducting Preliminary Due Diligence

An anti-money laundering officer will first check the investors planning to obtain Switzerland’s residence permit. It helps in preparing for the due diligence series during the application process and potential issues well in time.

2)    Preparing an Agreement with a Canton

At this step, the investor chooses the area he wants to live in while the property lawyers prepare the documents to apply at the tax office. In addition, the lump sum tax is also agreed upon at this point. The tax for non-EU citizens is generally 250,000 Swiss francs.

Lump sum tax is calculated based on the family expenses, income, property and the requirements of the specific canton. This is a yearly-paid tax as long as the residence permit is maintained.

3)    Getting a D-visa

An application for a type-D visa will be submitted to a Swiss embassy, after which an application will be made personally at the migration office in the country.

4)    Getting Registered

Upon arrival of the above-mentioned visa, the investor is to get registered with the Alien Control Police Department (ACPD). The process of due diligence can take a minimum of 1 month to a maximum of 2 months, which the investor and his family members do.

5)    Getting Yearly Renewals

You can apply for Swiss citizenship if you make sure to renew your residence permit of the nation each year for ten years. Also, apart from proving cultural ties to the country, you must be skilled in one of the nation’s official languages – German, Italian and French – and that you have fully mingled yourself into the society.

Minimum Investment Required

In order to secure a Swiss Residency, there are two available procedures, as laid down below:

1)    Swiss Lump Sum Taxation

Via a payment of CHF250,000, you can gain direct Swiss residency, thanks to Swiss Lump Sum Taxation. To enjoy the benefits of this opportunity, you and your family can settle in a countryside location without the need to disclose your belongings to tax officials.

The amount you will be required to pay for lump sum taxation is calculated based on either 5x of your income or living expenditure, whichever is higher.

2)    Business Investor Program

This program requires a somewhat heavy investment of CHF 10,00,000 in an extension of an existing company/liability company/stock venture. (Should be a government-approved entity)

Advantages of Swiss Residency

• Stability and Safety: Switzerland is well known for its stability and safe environment, making it an ideal place to establish your home.
• High Quality of Life: Enjoy a quality of life with healthcare services, education opportunities and public amenities.
• Economic Opportunities: Explore the economy and its business-friendly environment.
• Immerse in Cultural Diversity; Immerse yourself in the culture from charming Alpine villages to bustling cosmopolitan cities.
• Easy Travel Access: Enjoy the convenience of accessing the Schengen Area as a resident, enabling travel throughout Europe.

Crucial Factors to Consider

Before pursuing residency, it’s important to consider aspects such as financial commitment and legal implications.

• Language: Depending on your chosen canton, language proficiency in the region might be required.
• Renewal of Residency: It’s essential to be prepared to meet residency requirements, which may involve spending a number of days in Switzerland.
• Navigating Legal and Financial Aspects: Understanding and navigating through the financial aspects are crucial when considering residency.

Secure Your Swiss Residence Permit With Passport Legacy

Opening the door to a world of possibilities in this enchanting country, embark on the journey to call Switzerland your new home with a worthy investment of CHF 250,000. Consult with an immigration lawyer or financial advisor to ensure compliance with Swiss laws and regulations and understand the tax implications of your residency status in Switzerland and your home country.

As you embark on the Swiss residency boat, remember to seek expert guidance at Passport Legacy before moving there to embrace the rich culture and opportunities the beautiful nation offers.