SWISS LUMP SUM TAXATION PROGRAM
IMMIGRATION | EMPLOYMENT | INVESTMENT | RELOCATION
Lump Sum Taxation Program
The Swiss Lump Sum Taxation Program requires the applicant to pay a lump sum annual tax of at least CHF 150,000 to the Swiss canton in which he resides. The above amount could reach CHF 1 million per year, depending on the canton and personal circumstances.
Switzerland has the lowest business corruption in the world, and the scenic country has the highest standard of living among all nations in the region.
Benefits of Swiss Lump Sum Taxation Program
- Switzerland has the world’s second highest gross domestic product (GDP) per capita.
- Switzerland is not just a peaceful country; it also has an history of neutrality and one of the world’s most stable democracies.
- A Swiss residence permit allows one to purchase real estate property, such as an apartment home, without obtaining prior approval from Swiss authorities.
- It is a multicultural country that welcomes foreigners; currently, more than 20% of the population consists of resident and temporary foreign workers. It has four official languages: German, French, Italian, andRhaeto-Romanic. However, many people speak English fluently.
- The country has an excellent health care system, and men have an average lifespan of 80 years and women have an average lifespan of 85 years.
- The Swiss property market is well-known for its consistent growth over the last 40 years.
- It has the lowest value-added tax rate in Europe, it is below 10%
- Family Coverage – it includes spouse, children and grandchildren under the age of 21 years old.
Requirements under the Swiss Lump Sum Taxation Program
1
The lump sum tax is derived from personal circumstances and standardized formulas the Swiss tax authorities apply.
2
The said annual tax can reach CHF 1 million or more depending on the canton, and it applies regardless of family income or assets.
3
There is no need to declare worldwide income and assets if you pay this fee.
4
Minimum tax is CHF 150’000 , depending on the canton of residence and personal wealth situation. Not all cantons allow this tax system.
5
The Swiss residence permit is available to people in various categories such as retirees or wealthy individuals, however, no economic activity must be performed in Switzerland.
- PROCESSING TIME
The process usually takes about 4 to 6 months to get a residence permit in Switzerland