SWITZERLAND COSMO - Cosmo World Services
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COSMO Your gateway to SWITZERLAND RESIDENCY In just. S w i s s L u m p S u m Ta x a t i o n 90 Program DAYS
Situated in the heart of Europe, Switzerland is one of the most attractive countries in the world for Why? immigration, doing business and internationally COSMO known for its quality of life. Switzerland Beautiful nature, political stability, safety, world class financial services, international recognised schools, health care and competing tax conditions, you can find everything here. These are the main reasons why wealthy families and investors choose Switzerland as their country of residence. Switzerland is one of the most Zurich, financial capital of Swiss education and healthcare beautiful, welcoming and friendly Switzerland is the no.3 most livable system has been ranked place to live. city in world. top 10 in the world. Capital Visa free countries Currency Language Bern 171 CHF German, French, English
01 LIVE COSMO A residency permit for Switzerland gives all members of the family the right to live in Switzerland 06 OBTAIN CITIZENSHIP Living in Switzerland on the basis of this residency visa gives you the right to later claim citizenship after 10 years ADVANTAGES 02 VISA FREE TRAVEL You and your family will have the right to not only reside in Switzerland 05 TAX PERSPECTIVE but also spend an unlimited amount Lower taxes makes even more of time in Schengen countries attractive from a tax perspective 03 WHOLE FAMILY IS COVERED 04 EDUCATION & HEALTHCARE Having residence in Switzerland allows you to A residency permit is issued at the same time use high-quality medical services and your to the main applicant plus members of his/her children can attend schools and universities family, including dependent children's
Swiss Lump Sum Taxation COSMO About PROGRAM 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 “We at Cosmo, support all your of living and effective income remains untaxed. You can freely Switzerland immigration needs and that is invest your assets without worrying about the tax why families and businesses rely on our consequences. expertise and experience in this area.”
REQUIREMENTS COSMO The Cantons are still autonomous in determining taxation. In accordance TAX AGREEMENT with the federalist structure of Switzerland each Canton has defined its own “living expenses” in order to determine the income for the calculation of cantonal taxes (including municipal tax). To make it easier for you to select Foreign investor or wealthy individual concludes a special a tax-efficient Canton, we have created a table that shows the minimum tax agreement with canton (with obligation to pay income in all Cantons. annually fixed tax from CHF 1,50,000 to CHF 6,00,000 Minimum Living Expenses depending upon the canton chosen). Cantons requested Tax is paid each year in a fixed amount that is basked on Schwyz, Luzern, St Gallen, Graubünden, the applicant’s cost of living in Switzerland. CHF 600‘000 Thurgau CHF 500’000 Zug Authorities of the canton approve Permit B for the applicant and his family members (it will be temporary Bern, Genf, Neuchâtel, Appenzell residence Switzerland without right to be gainfully CHF 400’000 Innerroden, Uri, Obwalden, Aargau, occupied in Switzerland). Nidwalden, Solothurn • . CHF 360’000 Waadt After 5 years of residence Permit B can be transformed into Permit C (permanent residence Switzerland) and CHF 250‘000 Fribourg, Wallis Citizenship after 10 years. CHF 200‘000 Jura CHF 150’000 Thurgau The tax calculation will be based on the: • Cost of your annual living expenses ‘OR’ CHF 140‘000 Ticino • Your annual rent multiplied by a factor of 7 7 x Annual Rent plus 10% Geneva The higher amount is ultimately used for taxation.
BENEFITS COSMO 1. No more tax returns instead only Lump Sum Taxation Based on our experience, we always negotiate the best lump sum taxation contract for you. The procedure usually takes 4-6 weeks. In case of urgency, we offer our clients a “fast track” procedure. It only takes 2 – 3 weeks, including permanent residence permit issued by the Swiss Immigration Authorities. The tax deal negotiated for you applies to all subsequent tax years. The Tax Ruling replaces all tax returns until you leave Switzerland. 2. Automatic Exchange of Information and Common Reporting Standard (AEOI & CRS) Moving your effective residence to Switzerland will simultaneously eliminate all of your problems in connection with the. Automatic Exchange of Information and Common Reporting Standard (AEOI & CRS). Your Swiss bank account will be a private affair. It is not taxable and not reportable. You no longer have to deal with the Automatic Exchange of Information (AEOI) and the Common Reporting Standard (CRS). These OECD treaties and rules are overridden for you in one fell swoop. Nobody cares how much money you have on your account. As a resident, you benefit from Swiss banking secrecy. Swiss banking secrecy is a significant part of the concept of privacy among the Swiss population. Swiss banking secrecy is considered as a constitutional right to privacy. For many Russians and Chinese citizens, the negative consequences in connection with the AEOI & CRS are the main reasons for moving to Switzerland permanently. 3. No riskier offshore-structures required anymore Once you move to Switzerland, you don’t need anymore complex offshore-structures. Your risky tax loopholes with offshore companies will become irrelevant. Your doubts as to whether a specific offshore structure is considered to be legal or illegal are definitely gone. Constant worries in connection with doubtful offshore structures are definitely eliminated with your relocation to Switzerland. 4. The exact tax amount You will know exactly how much tax you will pay every with agreed Lump Sum Tax. You can be 100 perent sure of the exact amount of tax you will pay every year. Since 1862, Switzerland is offering tax rulings that work. Finally, you will have the peace of mind you deserve. You will enjoy legal status that you can count on.
DOCUMENTS COSMO Wealth Birth Marriage Police Certificate Certificate Clearance at least CHF 5 million must be Certificate English if applying demonstrable version with family, having no English version criminal record
PROCEDURE COSMO STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 Principal Documents Grant of entry approval from Govt. verification visa and applicant and visa Preparation and residency traveling to Applicant signup application of documents application Switzerland submission to Embassy submission for collection of his in applicant’s to Govt. residence permit country a) Applicant will signup a) Cosmo will send list a) Cosmo will verify all a) Once principal a) Once entry visa is service agreement of documents and forms documents given by approval is received from granted by the embassy, with Cosmo which applicant will applicant the Govt., applicant will applicant can travel to prepare and send to pay 10% of service fees to Switzerland for collection b) Applicant will pay 50% Cosmo b) If all documents are Cosmo of his B permit and is free of service fees at the OK, applicant will pay live in Switzerland and time of signup b) Cosmo swiss team will 40% • of . service fees b) Cosmo will send travel to other Schengen organize things with tax principal approval along countries. Kids can have authorities for signing of c) Applicant will sign tax with visa application form free education at Swiss tax agreement based on agreement with canton and list of documents schools. canton chosen by the and then Cosmo will which needs to be applicant submit applicant’s submitted at Swiss b) On its continuous living residency application embassy in applicant’s in Switzerland for 5 years, country for grant of entry applicant is eligible for C visa to travel to permit and after 10 years Switzerland of continuous living, is eligible Swiss citizenship and passport
Why? COSMO COSMO No hidden fees or commission WE ARE GLOBAL LEADER IN MIGRATION PLANING TO EUROPE Support up to and after receiving Cosmo is a global consultancy company providing complete migration residence solutions to anyone in need. Each year, hundreds of wealthy individuals, families and businesses rely on our expertise to migrate to Europe. Help in settlement IMMIGRATION BUSINESS More than 10 years INVESTMENTS Of experience in migration services EDUCATION
COSMO YOUR GATEWAY TO www.cosmoworldservices.com EUROPE Netherlands Office (Head Office) Switzerland Office China Office World Trade Center, Zuidplein 36 Bahnofstrasse 100 A-21 H, State Enterprise Building, Futian District 1077XV, Amsterdam, Netherlands 8001, Zurich, Switzerland Shenzhen City, Guangdong Province, China e: info@cosmoworldservices.com e: swiss@cosmoworldservices.com e: china@cosmoworldservices.com t: +31 (0) 68 7866 517
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