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  #41  
Old 20.12.2011, 16:10
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Re: Help for buying a small business in Switzerland

IMHO, the only kind of business you may start with 50K is self-employed consultancy. Your assets are skills, phone, address. Tha's all. The problem is that you do not a get a B-permit for being self-employed. This means the person will need an employer to get a B-permit or else get married. Anyway I am not sure about Vaud, but here is Central Switzerland 50K is just enough to cover the deposit and the rent for the first year.
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  #42  
Old 20.12.2011, 16:47
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Re: Help for buying a small business in Switzerland

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IMHO, the only kind of business you may start with 50K is self-employed consultancy. Your assets are skills, phone, address. Tha's all. The problem is that you do not a get a B-permit for being self-employed. This means the person will need an employer to get a B-permit or else get married. Anyway I am not sure about Vaud, but here is Central Switzerland 50K is just enough to cover the deposit and the rent for the first year.
You can get a B permit if you buy a property in Switzerland then you can become self employed, however even if you bought a small studio for say CHF100K and managed to get a mortgage at 80% LTV it would eat CHF25K of your money... (lawyers fees + deposit etc)

Businesses have been started in the past for a lot less than CHF25K, mind you you would need revenues from day 1, that is not so easy !

If you have the will, you will find a way. Good luck!
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  #43  
Old 20.12.2011, 17:04
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Re: Help for buying a small business in Switzerland

Have you ever tried to talk to a Swiss banker to get a mortgage?

Do you really think that any Swiss banker will give you a mortgage without a security of a fix income that exceeds by 80% your monthly mortgage payments and that you have had for a t least a year before even asking for a credit? And, being a foreigner? I am sorry, even dreaming about this is naive.
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  #44  
Old 20.12.2011, 17:11
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Re: Help for buying a small business in Switzerland

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Have you ever tried to talk to a Swiss banker to get a mortgage?

Do you really think that any Swiss banker will give you a mortgage without a security of a fix income that exceeds by 80% your monthly mortgage payments and that you have had for a t least a year before even asking for a credit? And, being a foreigner? I am sorry, even dreaming about this is naive.
Naive as I may be, but I purchased a property cash, then went to the bank with a business plan and mortgaged it to 75% LTV within a month so it is possible, in fact it was the only way I could think of to become a resident in Switzerland without having to find a job.

Where there is a will there is a way!
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  #45  
Old 20.12.2011, 18:06
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Re: Help for buying a small business in Switzerland

8-Mile I have a proposition to put to your friend if she really wants to get to Switzerland

Here is a very cheap property

http://www.property-abroad.com/switz...14-Private1087 it needs some love.

I doubt she will be able to re-mortgage it so I am prepared to lend her half of the money (subject to contract & meeting her) and buy it with her.

This will give her an address to make her a resident of canton Jura and a permit B holder.

Once a B holder she is free to move and work anywhere in Switzerland.

I believe she wants to run a café or restaurant, if she has or can get the necessary papers to work in such a place I happen to know of one where she can start almost immediately with little or no money down. She can be her own boss if she wants....

The restaurant comes with living quarters...inclusive of heating, electric and hot water

On completion she applies for her permit and then moves into the accommodation above the restaurant, we then let the apartment on a 50-50 share basis giving her some pocket money (not much but she can eat at the restaurant and live with no bills).

After 1 year she gives me 100% ownership of the apartment.

It is not a mission impossible if she is prepared to accept it !
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  #46  
Old 20.12.2011, 18:38
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Re: Help for buying a small business in Switzerland

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8-Mile I have a proposition to put to your friend if she really wants to get to Switzerland

Here is a very cheap property

http://www.property-abroad.com/switz...14-Private1087 it needs some love.

I doubt she will be able to re-mortgage it so I am prepared to lend her half of the money (subject to contract & meeting her) and buy it with her.

This will give her an address to make her a resident of canton Jura and a permit B holder.

Once a B holder she is free to move and work anywhere in Switzerland.

I believe she wants to run a café or restaurant, if she has or can get the necessary papers to work in such a place I happen to know of one where she can start almost immediately with little or no money down. She can be her own boss if she wants....

The restaurant comes with living quarters...inclusive of heating, electric and hot water

On completion she applies for her permit and then moves into the accommodation above the restaurant, we then let the apartment on a 50-50 share basis giving her some pocket money (not much but she can eat at the restaurant and live with no bills).

After 1 year she gives me 100% ownership of the apartment.

It is not a mission impossible if she is prepared to accept it !
Besides all the other things wrong with your plan, I don't think they will accept that both of you are living in a 25m2 flat. So both of you can't use it as your residence to get a permit.

And of course assuming 8-Miles friend is a Greek citizen, she doesn't need to buy property to get a B permit AND she can even be self employed.
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  #47  
Old 20.12.2011, 19:48
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Re: Help for buying a small business in Switzerland

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Besides all the other things wrong with your plan, I don't think they will accept that both of you are living in a 25m2 flat. So both of you can't use it as your residence to get a permit.

And of course assuming 8-Miles friend is a Greek citizen, she doesn't need to buy property to get a B permit AND she can even be self employed.
I'm happily married thank you and I own my own property, it's not a deal for everyone but it solves all the problems listed in the post above...

For me it's a risky investment but i would be helping someone which is what good business is all about !
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  #48  
Old 20.12.2011, 20:21
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Re: Help for buying a small business in Switzerland

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I'm happily married thank you and I own my own property, it's not a deal for everyone but it solves all the problems listed in the post above...

For me it's a risky investment but i would be helping someone which is what good business is all about !
I was talking about you "really" moving it. I was talking about both of you using the property as your "in" on a permit. You'll need it as your residence & it's unlikely the commune will find a 25m2 apartment suitable for two adults to live there.

Anyway, since this is such as "risky" proposition, maybe you should look somewhere else. The OP's friend, an EU citizen, does not need to buy a property to get a B permit & be self employed. As an EU citizen she has the right to be self-employed So it's pretty pointless to begin with. Never mind the fact that that's not even what the OP as asking about. It in NO WAY addresses the question that 8-Mile had and it sounds kind of scammy to me. 8-Mile asked about starting a business not buying an apartment with someone who then after a year wants full ownership of the apartment. Hello? Why would anyone do that?
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  #49  
Old 20.12.2011, 21:10
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Re: Help for buying a small business in Switzerland

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I was talking about you "really" moving it. I was talking about both of you using the property as your "in" on a permit. You'll need it as your residence & it's unlikely the commune will find a 25m2 apartment suitable for two adults to live there.

Anyway, since this is such as "risky" proposition, maybe you should look somewhere else. The OP's friend, an EU citizen, does not need to buy a property to get a B permit & be self employed
anyway. So it's pretty pointless to begin with. Never mind the fact that that's not even what the OP as asking about. It in NO WAY addresses the question that 8-Mile had and it sounds kind of scammy to me.
It's obvious you don't understand the deal so let me break it down for you...

1. To move to Switzerland and obtain a permit B you need a residence, either you buy one or you rent one, if you are extremely lucky you might find a landlord that will allow you to take a tenancy without paying the whole term without proof of employment, this is not likely - If you are lucky enough to find a gullible landlord this money is dead. The landlord if he takes a long term tenancy puts himself at risk if the tenant does not pay another term, the tenant could squat and it could take a very long time and a lot of money to get rid of.

2. You cannot become self employed in Switzerland unless you are a resident, owner or tenant it makes no difference, you need an address to attach your permit no matter where you are from, EU or otherwise.

3. The original poster wanted a café or a restaurant, to get a restaurant you will need either to buy one or lease one. Having researched the subject myself it is hard to find a lease which does not carry a premium, a premium is the price you pay for the business itself, not the rental of the premises, you would expect to pay around CHF 100,000 upwards for a lease, this does not include the monthly rent, fit out, and condiments etc etc etc

4. The poster is talking about his friend, he does not mention anyone else, she wants to make an investment and move to Switzerland, 25m2 is perfectly big enough for 1 person.

5. My deal suggests to the posters friend to use her money to obtain a residency that would help her get the permit and therefore allow her to work as self employed in a restaurant where she will not have to pay a premium. On her own with chf50k she cannot do this, with my help she can.

6. Because the restaurant also provides accommodation the posters friend can live there rent free, this leaves the property that she used to obtain her permit empty, she is within her rights to rent this property and register at the commune where the restaurant is. Renting the property will provide her with spending money.

7. I would lend the posters friend half the money she needs to buy the property, there is nothing wrong with this, on the title deed however I will have a charge, this charge will entitle me to recover my investment in one years time with of course profit, this profit being far less than what a premium will be.

So to sum up, for the posters chf50k she gets a permit B, a place to live, a restaurant equipped enough to start trading the same day she pays her first month rent and of course half a years rent of a studio apartment that should realise approx. chf500 per month, her share chf250 per month, chf 3,000 per year.

I would then claim after the 1st year full title for the studio, no scam, just a good deal that makes chf 50k work best for both parties.

If I had said to the posters friend, here's a free home, a free business and a pocket full of cash, someone on here would pick it to pieces.......

Ignorance is bliss unless you have to listen to it !
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  #50  
Old 20.12.2011, 21:48
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Re: Help for buying a small business in Switzerland

I would like to add something FYI.

Since September 2011 it is forbidden in Switzerland to advertise for private or small loans.

http://www.tagesschau.sf.tv/Nachrich...r-Kleinkredite

Best regards,

Romi
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  #51  
Old 20.12.2011, 21:53
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Re: Help for buying a small business in Switzerland

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I would like to add something FYI.

Since September 2011 it is forbidden in Switzerland to advertise for private or small loans.

http://www.tagesschau.sf.tv/Nachrich...r-Kleinkredite

Best regards,

Romi
Ignorance is bliss, it is also a defence in Switzerland !

I was offering assistance where a loan was part of it to one person, it's not an advertisement. EF does not allow advertising and I'm not one to break rules...
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  #52  
Old 20.12.2011, 22:07
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Re: Help for buying a small business in Switzerland

You are making it WAY too complicated. The girl just needs an address. She can stay with 8-Mile or another friend, a flat share, a hotel, a hostel, a temporary flat then she just rocks up to the regie & gets a permit.

If this restaurant deal is so hot why are you not doing it? Or I though your wife was going to do it?

(insert witty cliche and pretend it proves my point)
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  #53  
Old 20.12.2011, 22:29
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Re: Help for buying a small business in Switzerland

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You are making it WAY too complicated. The girl just needs an address. She can stay with 8-Mile or another friend, a flat share, a hotel, a hostel, a temporary flat then she just rocks up to the regie & gets a permit.

If this restaurant deal is so hot why are you not doing it? Or I though your wife was going to do it?

(insert witty cliche and pretend it proves my point)
It is hot and I would normally do it, however the chef we had was diagnosed with cancer and given a month to live, my wife is a designer and received an offer which was just far too good to not take.... Personally without my pal and my wife it just would not be fun for me, I don't ever want to take on a project just because it's there, if I can pass it on and and helps someone else then fine, if I can profit from it even better...

She can stay with a friend but that is not part of the deal !

Quote:
insert witty cliche and pretend it proves my point)
You don't have a point so no cliché this time sorry..

Last edited by Longbyt; 31.12.2011 at 10:26.
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