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GLOBAL RESIDENCY

SWITZERLAND

SNAPSHOT OF SWITZERLAND

WHY CHOOSE SWITZERLAND?

FAVORABLE BUSINESS
ENVIRONMENT AND
TAX CODE

According to the Global Competitiveness Report 2018 published by World Economic Forum, Switzerland’s prosperous and modern market economy is buttressed by economic and political stability, a conducive institutional framework (5th in the world), a well-functioning labour market (2nd), top-notch transport and utility infrastructure (3rd), a sophisticated and stable financial system (4th), and low corporate taxes. Well-secured property rights, including intellectual property rights, encourage entrepreneurialism and stimulate productivity.

The country is home to large multinationals that are often leaders in their sector, as well as a dense network of SMEs with a reputation for quality and innovation. In addition to research excellence, intense collaboration between the academic and business worlds yields innovative products with commercial applications In Switzerland, holdings companies benefit from the holding company taxation regime. As such, shell corporations often set up operations in Switzerland to take advantage of low or no taxation. The holding company tax privilege is granted to companies whose primary statutory purpose is the holding of participations (i.e. when at least 2/3 of the total assets consist of investments in subsidiaries or, alternatively, at least 2/3 of income consists of dividends) and that have no active trade or business in Switzerland. A company that enjoys the holding company privilege is fully exempt from cantonal and communal income taxes.

The canton Zug provides some of the best tax conditions for the registration of a holding company. In this sense, this canton is the preferred business destination in Switzerland for a holding company (1 in 4 holding companies in this country are set up in Zug).

Within the framework of the lump-sum taxation regime, Switzerland offers certain individuals the opportunity to be taxed based on their annual living expenses instead of their worldwide income and wealth. Lump-sum taxation is attractive not only because it is often financially advantageous, but also because the taxpayer is not required to report non-Swiss income to the Swiss tax authorities, which provides a higher degree of privacy.

COSMOPOLITAN LIFESTYLE

Zurich is often considered to be the economic powerhouse of Switzerland. The city was recently ranked third in Mercer’s cost of living survey due to its high standards of education, health and transport. The cost of living remains high, especially in the city centre, despite the authorities’ efforts to expand the city by building new suburbs. This is made up for by the dynamic expat community living in Zurich, which has given great variety to the city’s entertainment and cultural scene, making it one of the best places to live in Switzerland for expats. Geneva’s multicultural vibes make it one of the best cities to live in Switzerland for expats.

It hosts the headquarters of numerous international organisations including the United Nations, the Red Cross and the World Health Organisation. Due to the high numbers of diplomats and high-ranking politicians working and living in Geneva, as well as the rich history and stunning scenery, the cost of living in Geneva is just under Zurich’s. In addition to the international organisations, which are open to the public, the main attractions include the large shopping district, the preserved old town and Lake Geneva with its famous fountain. Transport links to Geneva are very good, with a large international airport and connections to the Swiss and French rail and motorway systems. In the winter months, residents living in Geneva have an easy access to the Alps’ best ski resorts.

Contact Kylin Prime Family Office for more information on how to create your future in Switzerland.

Contact Us
United Kingdom

+44 (0) 20 8099 0999


116 Park Street, Park House, London,
W1K 6SS, United Kingdom.


Email: uk@kpfo.com

Luxembourg

+352 (0) 2620 0506


5 Rue de la Boucherie
L-1247 Luxembourg


Email: luxembourg@kpfo.com

Switzerland

+41 (0) 44580 2159


Bahnhofstrasse 21, 6300 Zug,
Switzerland


Email: switzerland@kpfo.com