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Old 02.03.2016, 23:58
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opening a bed and breakfast ideas

i was thinking of moving to the italian part of switzerland near and or around lugano from the us. Mother is a duo swiss citizen and would come with me.
Wanted to go into a partnership with other another interested party 50/50 with the purchase of a small house for either retirement or small make a small Bed and Breakfast. anyone with ideas, suggestions, advice, or if you have ever had similar interest to private email me.
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Old 03.03.2016, 00:04
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Re: opening a bed and breakfast ideas

There is no lack of holiday locations in the Italian side of Switzerland, and it's very seasonal.

To be honest, if our guests want to go to Lake Como, they go to the Italian side of the border because it's cheaper...
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Old 03.03.2016, 08:18
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Re: opening a bed and breakfast ideas

As swisspea alluded to, the tourist hotel business has become most difficult in Switzerland due to the overvalued Swiss franc. Many small hotels are expected to close as business from other European countries has fallen away, according to newspaper reports.

An approach to find an existing B&B/ small hotel or a structure suitable for a B&B would be to search homegate.ch, e.g.:

http://www.homegate.ch/buy/105499770

Boarding houses, which are dependent more on business than on tourism, can sometimes be reasonable businesses in Switzerland. Here's an example of one for sale in the German-speaking area:

http://www.homegate.ch/homegate-war/kaufen/105447054

Your mom, as a Swiss citizen, can of course live in Switzerland at any time. If you do not have Swiss or EU/EFTA citizenship, you should further review whether you would be able to obtain a residence/ work permit. Also, if you are an American, ordinary retail banking has become a challenge in the past several years due to a US law called FATCA.
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Old 03.03.2016, 08:39
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Re: opening a bed and breakfast ideas

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As swisspea alluded to, the tourist hotel business has become most difficult in Switzerland due to the overvalued Swiss franc. Many small hotels are expected to close as business from other European countries has fallen away, according to newspaper reports.

An approach to find an existing B&B/ small hotel or a structure suitable for a B&B would be to search homegate.ch, e.g.:

http://www.homegate.ch/buy/105499770

Boarding houses, which are dependent more on business than on tourism, can sometimes be reasonable businesses in Switzerland. Here's an example of one for sale in the German-speaking area:

http://www.homegate.ch/homegate-war/kaufen/105447054

Your mom, as a Swiss citizen, can of course live in Switzerland at any time. If you do not have Swiss or EU/EFTA citizenship, you should further review whether you would be able to obtain a residence/ work permit. Also, if you are an American, ordinary retail banking has become a challenge in the past several years due to a US law called FATCA.
Well, profile says Swiss/Italian/Swedish. However if you/she hold a Green Card you'd still be liable to file US tax returns and possibly owe the US tax on top of Swiss ones. You/your mom would need to give up the Card properly using an I-407 form and file partial year return and 8854 form to exit the US tax system cleanly. If you/she has US citizenship then you're stuck with US filing unless you renounce the citizenship. More on your US tax filing obligations here:

https://www.irs.gov/Individuals/Inte...-Aliens-Abroad

If you/she are American citizens you may also find it extremely difficult to get any business account or even a mortgage from a Swiss bank here.

Last edited by Medea Fleecestealer; 04.03.2016 at 08:53.
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Old 03.03.2016, 13:03
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Re: opening a bed and breakfast ideas

To add to my post above, these websites lists hotels and pensions for sale in Switzerland/ Ticino:

http://www.freeimmo.ch/5072111493-ga...ufen-in-tessin

http://www.icasa.ch/immobilien_inser...n/1300_1307/de

http://www.immoclick.ch/de/index/sea.../country:214//
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Old 03.03.2016, 15:13
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Re: opening a bed and breakfast ideas

Thanks Medea , and everyone who replied.

Doing more research with the wonderful links you provided, I really appreciate you taking the time to provide this information. it really sets me straight on how very
difficult it could be - My other original option for a B&B was on the island of cyprus where I already own a number of property lots overlooking the sea (Greek Sector) Next to a very magnificent Winery/vineyard where I would need zoning and build housing on it. (however a little leery living in Cyprus due to the current war situation so close. Thanks Again
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Old 03.03.2016, 15:26
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Re: opening a bed and breakfast ideas

I was in Cyprus recently (christmas) and despite it's proximity to the war zone there is no sign of it. In the European part you would never know that a war is happening so near by.

However talking to people in Switzerland, Cyprus is not as popular a destination as it once was, not sure why.

It is a really nice place.
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Old 03.03.2016, 15:47
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Re: opening a bed and breakfast ideas

For anyone who has been to Cyprus- do read Victoria Hislop's latest book on the partition of Cyprus and the war in 1973- and the fall and sad fate of the tourism industry there: the Sunrise.

Not a good time at the mo for Swiss tourism due to the Swiss Franc being far too high. Many Hôtels and B&Bs are failing or for sale.
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Old 04.03.2016, 08:52
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Re: opening a bed and breakfast ideas

SwissChalet, bear in mind too that the banking problems will occur anywhere outside the US, not just here in Switzerland. Due to the US's FATCA law banks have to report American clients worldwide. So even in Cyprus you will sign need to sign a W-9 and may have trouble getting a business account/mortgage if you move there.
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Old 01.05.2016, 17:01
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Re: opening a bed and breakfast ideas

May be Italy could be a better option for you and your mother?
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Old 02.05.2016, 01:39
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Re: opening a bed and breakfast ideas

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For anyone who has been to Cyprus- do read Victoria Hislop's latest book on the partition of Cyprus and the war in 1974- and the fall and sad fate of the tourism industry there: the Sunrise.

Not a good time at the mo for Swiss tourism due to the Swiss Franc being far too high. Many Hôtels and B&Bs are failing or for sale.
Fixed that for you - im Cypriot
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