Residency of Switzerland
Switzerland provides an opportunity to obtain residence permits for persons of independent means who do not plan to be employed in Switzerland.
Swiss residence permit can be obtained upon agreeing to pay an annual lump sum tax. The lump sum tax rate in Switzerland varies depending on the canton.
Applicant have to select the canton and sign an agreement confirming the payment of an annual lump sum tax. As a result, the main applicant and its family can obtain residence in Switzerland.
The nice thing about Lump Sum Taxation Switzerland is that you are not taxed on either your actual income or actual wealth. Only your annual cost of living determines the amount of Lump Sum Taxation in Switzerland. The difference between your cost of living and effective income remains untaxed. You can freely invest your assets without worrying about the tax consequences.