Moving To Switzerland To Save On Tax

There has been a lot of speculation in the media about tax rises affecting those with a considerable amount of money in the bank, which is why many people maybe thinking about moving to Switzerland. For those who are considering relocating to Switzerland it is important to be aware that you will be required to relinquish your UK residency, so if you are in the enviable position of moving to Switzerland, there are some things regarding the tax consequences you should expect.

If you are moving to Switzerland, you become a tax resident if you are in the country for a minimum period of 30 days and you are working, or you have been in the country for 90 days without working. If you wish to remain a permanent citizen you must apply for a Swiss Residence Permit, and anyone from the European Union will receive beneficial treatment when it comes to obtaining these permits.

Once you are settled after moving to Switzerland, you will be granted a residency permit, but you must live in Switzerland to retain your residency status. If you are unable to spend 180 days a year in the country after relocating to Switzerland, you must ensure you do not spend more time in any one country than you do in Switzerland. Failure to meet these criteria will result in you not being considered as a Swiss resident.

If you are relocating to Switzerland you will of course take the best legal advice, and you will also want the experts to look after your move. We at Europe Remove are the experts when it comes to looking after those who are moving to Switzerland, moving to Holland, or moving to any country in Europe.

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