Go Back   English Forum Switzerland > Help & tips > Employment  
Reply
 
Thread Tools Display Modes
  #1  
Old 19.02.2018, 13:35
Newbie
 
Join Date: Feb 2018
Location: Non-EU
Posts: 2
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
ElArZ has no particular reputation at present
Visa and Rules (Bank for International Settlements)

Hi Everyone,

I've been reading this forum for quite some time and would like to thank you for providing some really useful tips and advice.
Ive been, for a while, trying to find work in Switzerland but that's been very tough considering i'm not from the EU.

I've recently had a work opportunity with BIS but would like to see if anyone has any additional info or experience regarding the issue.
I know, and please correct me if i'm wrong, the below:
- Any non-EU trying to find work in Switzerland for the first time is subject to strict quotas (per canton) and rules (employer must provide evidence that sufficient efforts were made to find someone from Switzerland or EU before searching outside)
- These quotas and rules continue to apply until after someone has spent one year working in Switzerland (so if a non-EU wants to change work during the first year, then he'll have to go through those quotas and limitations again)
- After one year, they no longer apply and the non-EU employee can change jobs more easily (cantonal limitations still apply depending on the visa type)
- After that first year, the non-EU employee becomes eligible to benefit from unemployment aid
- For C Permit, 10 years of residency are required

According to this agreement (Article 14 and 15), the BIS receives a special treatment in which employees are exempt from paying taxes on their salaries and the non-EU quotas and limitation rules do not apply.

Now here comes the actual question(s):
- Does anyone know or have had any experience in regards to how BIS employees are treated after leaving BIS?
- What type of work permit will i get with BIS?
- So initially i will get a 3 year contract, after which, will i be considered as if i spent 3 years working with a normal company or would i be considered a special case and my time with BIS isn't taken into consideration?
- Would i still have to go through the quotas and limitation rules after i leave BIS?
- Would these 3 years count towards the C permit requirements?
- Does the fact that i won't be paying tax affect anything?

If anyone can shed some light on this issue or provide me with any info or clarifications then i would be grateful.

Thanks.
Reply With Quote
  #2  
Old 19.02.2018, 14:06
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 28,976
Groaned at 1,989 Times in 1,506 Posts
Thanked 34,406 Times in 16,365 Posts
st2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond repute
Re: Visa and Rules (Bank for International Settlements)

Why would you not be paying taxes?

Tom
Reply With Quote
  #3  
Old 19.02.2018, 14:22
Newbie
 
Join Date: Feb 2018
Location: Non-EU
Posts: 2
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
ElArZ has no particular reputation at present
Re: Visa and Rules (Bank for International Settlements)

Quote:
View Post
Why would you not be paying taxes?

Tom
From what i understood, it's because BIS is considered an international organization serving not a particular country.

From the linked document, Article 14:
The Officials of the Bank, whatever their nationality, shall ... (b) enjoy exemption from all Federal, cantonal and communal taxes on salaries, fees and allowances paid to them by the Bank; however, Switzerland may take these emoluments into account for the purpose of determining the tax payable on income from other sources; this exemption shall apply to Officials of Swiss nationality, provided the Bank operates an internal taxation scheme;
Although i might be mistaken as to what it exactly means.
Reply With Quote
  #4  
Old 19.02.2018, 15:11
Medea Fleecestealer's Avatar
Forum Legend
 
Join Date: Jul 2011
Location: Switzerland
Posts: 21,360
Groaned at 369 Times in 284 Posts
Thanked 16,155 Times in 9,179 Posts
Medea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond repute
Re: Visa and Rules (Bank for International Settlements)

Quote:
View Post
Hi Everyone,

I've been reading this forum for quite some time and would like to thank you for providing some really useful tips and advice.
Ive been, for a while, trying to find work in Switzerland but that's been very tough considering i'm not from the EU.

I've recently had a work opportunity with BIS but would like to see if anyone has any additional info or experience regarding the issue.
I know, and please correct me if i'm wrong, the below:
- Any non-EU trying to find work in Switzerland for the first time is subject to strict quotas (per canton) and rules (employer must provide evidence that sufficient efforts were made to find someone from Switzerland or EU before searching outside)
- These quotas and rules continue to apply until after someone has spent one year working in Switzerland (so if a non-EU wants to change work during the first year, then he'll have to go through those quotas and limitations again)
- After one year, they no longer apply and the non-EU employee can change jobs more easily (cantonal limitations still apply depending on the visa type)
- After that first year, the non-EU employee becomes eligible to benefit from unemployment aid
- For C Permit, 10 years of residency are required

According to this agreement (Article 14 and 15), the BIS receives a special treatment in which employees are exempt from paying taxes on their salaries and the non-EU quotas and limitation rules do not apply.

Now here comes the actual question(s):
- Does anyone know or have had any experience in regards to how BIS employees are treated after leaving BIS?
- What type of work permit will i get with BIS?
- So initially i will get a 3 year contract, after which, will i be considered as if i spent 3 years working with a normal company or would i be considered a special case and my time with BIS isn't taken into consideration?
- Would i still have to go through the quotas and limitation rules after i leave BIS?
- Would these 3 years count towards the C permit requirements?
- Does the fact that i won't be paying tax affect anything?

If anyone can shed some light on this issue or provide me with any info or clarifications then i would be grateful.

Thanks.
If quota limits don't apply it sounds as if it's treated as an NGO - if that's what it is then you wouldn't get a permit anyway, but a carte de legitimation.

But to answer your questions:

Non-EU nationals are subject to quotas. L permit holders can't change jobs no matter how long they've been here, B permit also have a very difficult time changing jobs. There has to be a VERY GOOD reason to allow it - again not subject to any time limit. You could be in a job for 3 years and still not be able to take up a new position. It's entirely down to the cantonal authorities whether they allow it or not.

Don't know if L permit holders can get unemployment benefit, but they are allowed to stay in the country for 6 months to try and find another job - subject to the quota and rules of course. I think B permit holders can get unemployment, but again it depends on whether or not RAV agree to take up your permit since, unless your B permit is an open one, it's tied to your employer so if you lose the job, you lose the permit.

No one can say what permit type you'd get since it's down to what's available, the fact that there are more Ls than Bs to start with, the job itself, your qualifications, etc, etc. New rules are also coming in on getting and keeping all types of permits

http://lenews.ch/2016/09/22/tough-ne...gh-parliament/

10 years residency to apply for a C permit, but the VINTA option is still there - if you meet the criteria you can apply after 5.

But if you're on a carte de legitimation you can forget all the above because it won't apply. You wouldn't be eligible for a C permit at all.
Reply With Quote
The following 4 users would like to thank Medea Fleecestealer for this useful post:
  #5  
Old 19.02.2018, 16:27
Forum Legend
 
Join Date: Oct 2014
Location: Ostschweiz
Posts: 7,983
Groaned at 332 Times in 274 Posts
Thanked 10,311 Times in 5,444 Posts
Urs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond repute
Re: Visa and Rules (Bank for International Settlements)

AFAIK income gained as BIS employee (employee of any recognised supranational organisation including recognised NGOs) is not taxed by Switzerland, this applies to all threee levels (federal, kantonal, communal). However your other income appears to be taxed at the marginal rate that would apply if your salary was taxable. Say your taxable income from salary only would be 100k if it were taxed as income, and your marginal tax rate in that case would be 25%. In this example, dividends and interest earned would be taxed at 25% until the 25% bracket has been filled (used up.) See this page (in German, sorry) on the kantonal taxes.

As BIS employee (employee of any recognised supranational organisation including recognised NGOs) you don't need (nor will you get) a residency permit, you don't need a work permit, and you're not subject to any kind of foreigners quota. However that also means that by default OP will have to leave immediately after the contract ends (perhaps you can get a tourist visa to smooth the transition, dunno). If you have a follow-on job your new employer will have to do all the paperwork necessary for you to get residence and work permit, and quota will apply. See this guideline.

A foreigner who's already resident (not you, just a general remark) will have to hand in residency and work permit upon becoming BIS employee. But s/he will still be allowed to stay as s/he'll get a "Legitimationskarte" instead for the duration of the employment. At the end of the employment the permit will be returned but the years spent here as BIS employee won't count as residence time (for instance to get a residence permit C instead of a permit B, or for naturalisation).

Last edited by Urs Max; 19.02.2018 at 16:45.
Reply With Quote
The following 5 users would like to thank Urs Max for this useful post:
  #6  
Old 19.02.2018, 16:36
3Wishes's Avatar
Moderately Amused
 
Join Date: Jul 2010
Location: Bern area
Posts: 10,599
Groaned at 77 Times in 74 Posts
Thanked 17,435 Times in 7,853 Posts
3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute
Re: Visa and Rules (Bank for International Settlements)

To add to what Medea said:

If you're on a carte de legitimation, you don't pay into the normal unemployment insurance and therefore aren't entitled to it when the contract ends. I am not sure if NGOs/IOs have their own unemployment scheme.

Years on CdL don't count as "regular" employment years the way L and B permits do. If you want to look for a job with a traditional employer after the 3 years with BIS, the employer still has to go through the non-EU hiring process.
Reply With Quote
This user would like to thank 3Wishes for this useful post:
  #7  
Old 19.02.2018, 19:38
Jim2007's Avatar
Forum Legend
 
Join Date: Jun 2006
Location: Kt. Bern
Posts: 4,121
Groaned at 167 Times in 142 Posts
Thanked 6,447 Times in 2,934 Posts
Jim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond repute
Re: Visa and Rules (Bank for International Settlements)

Quote:
View Post
According to this agreement (Article 14 and 15), the BIS receives a special treatment in which employees are exempt from paying taxes on their salaries and the non-EU quotas and limitation rules do not apply.
You are exempt from Swiss taxes, that does not mean you are exempt for taxes. You need to examine what the tax rules say in your home country, some have special rules to address this exact situation and treat you exactly as if you were resident at home, so to avoid nasty surprises check it out carefully. I know one person in particular who got a nasty shock.
Reply With Quote
This user would like to thank Jim2007 for this useful post:
  #8  
Old 19.02.2018, 20:01
HIAO's Avatar
Forum Veteran
 
Join Date: Jun 2011
Location: Bellevue
Posts: 1,177
Groaned at 6 Times in 5 Posts
Thanked 2,968 Times in 822 Posts
HIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond repute
Re: Visa and Rules (Bank for International Settlements)

Quote:
View Post

However that also means that by default OP will have to leave immediately after the contract ends.
Are you sure there's no grace period given?
Reply With Quote
  #9  
Old 19.02.2018, 20:05
HIAO's Avatar
Forum Veteran
 
Join Date: Jun 2011
Location: Bellevue
Posts: 1,177
Groaned at 6 Times in 5 Posts
Thanked 2,968 Times in 822 Posts
HIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond repute
Re: Visa and Rules (Bank for International Settlements)

Quote:
View Post
To add to what Medea said:

If you're on a carte de legitimation, you don't pay into the normal unemployment insurance and therefore aren't entitled to it when the contract ends.
There are different categories of CDL.

Some CDL categories require the holder to have all usual payroll deductions, including for unemployment, even though they may not be entitled to receive benefits later.
Reply With Quote
  #10  
Old 19.02.2018, 20:08
3Wishes's Avatar
Moderately Amused
 
Join Date: Jul 2010
Location: Bern area
Posts: 10,599
Groaned at 77 Times in 74 Posts
Thanked 17,435 Times in 7,853 Posts
3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute
Re: Visa and Rules (Bank for International Settlements)

Quote:
View Post
There are different categories of CDL.

Some CDL categories require the holder to have all usual payroll deductions, including for unemployment, even though they may not be entitled to receive benefits later.
Gee, that would suck.
Reply With Quote
  #11  
Old 19.02.2018, 20:11
roegner's Avatar
Moderately Dutch
 
Join Date: May 2011
Location: Zurich
Posts: 10,242
Groaned at 346 Times in 288 Posts
Thanked 12,073 Times in 5,849 Posts
roegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond repute
Re: Visa and Rules (Bank for International Settlements)

Quote:
View Post
There are different categories of CDL.

Some CDL categories require the holder to have all usual payroll deductions, including for unemployment, even though they may not be entitled to receive benefits later.
Not sure how embassies compare to this, but we paid in in our home country. so maybe that is the case here as well
Reply With Quote
  #12  
Old 19.02.2018, 20:20
HIAO's Avatar
Forum Veteran
 
Join Date: Jun 2011
Location: Bellevue
Posts: 1,177
Groaned at 6 Times in 5 Posts
Thanked 2,968 Times in 822 Posts
HIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond repute
Re: Visa and Rules (Bank for International Settlements)

Quote:
View Post
Not sure how embassies compare to this, but we paid in in our home country. so maybe that is the case here as well
There are 20+ international institutions in Geneva who have a CDL, with no privileges or immunities.

Their staff pay Swiss tax and other social insurances, same as any employee of a company.

As with other CDL holders, this does not give them the right to access the labour market if their employment is terminated and as a result, they do not have the right to receive unemployment benefit.

The exception is where some countries have bilateral agreements with Switzerland governing unemployment benefits.

In those cases, the departing employee is entitled to receive unemployment benefit in their home country, on their return. Which is likely to be less interesting than what they could gain from Chomage.
Reply With Quote
  #13  
Old 19.02.2018, 22:27
Newbie 1st class
 
Join Date: Dec 2015
Location: Zug
Posts: 18
Groaned at 2 Times in 1 Post
Thanked 3 Times in 3 Posts
statistician has no particular reputation at present
Re: Visa and Rules (Bank for International Settlements)

Quote:
View Post

Now here comes the actual question(s):
- Does anyone know or have had any experience in regards to how BIS employees are treated after leaving BIS?
- What type of work permit will i get with BIS?
- So initially i will get a 3 year contract, after which, will i be considered as if i spent 3 years working with a normal company or would i be considered a special case and my time with BIS isn't taken into consideration?
- Would i still have to go through the quotas and limitation rules after i leave BIS?
- Would these 3 years count towards the C permit requirements?
- Does the fact that i won't be paying tax affect anything?


Thanks.

1. Once your leave BIS, you need to hand back your permit unless it will expires soon. You may request the HR to let you keep it a little longer like one month
2. NOT a normal B work permit. It's a special work permit for Intergovernmental Organizations (BIS is one of those) with exact same as your work contract
3-6. You are considered to be an International Civil Servant:
Pros: you are exempt from the Swiss labor law (including quota limitation) so you don't pay tax and Swiss pension (BIS pension instead)
Cons: you are not covered by the Swiss labor law (e.g. no unemployment benefits, time not count towards the C permit, need to join the queue for non-EU quota if you change jobs to a normal company)
Reply With Quote
  #14  
Old 05.10.2018, 15:47
Newbie 1st class
 
Join Date: Sep 2008
Location: Zurich
Posts: 20
Groaned at 0 Times in 0 Posts
Thanked 2 Times in 2 Posts
Shiny_New_Kid has no particular reputation at present
Re: Visa and Rules (Bank for International Settlements)

As an aside .. think twice about working there. It's a very unpleasant place to work.
Reply With Quote
  #15  
Old 05.10.2018, 16:44
Guest
 
Posts: n/a
Re: Visa and Rules (Bank for International Settlements)

Quote:
View Post
As an aside .. think twice about working there. It's a very unpleasant place to work.



That really is a mighty useful first post.


I'm sure BIS must be enthralled to have someone so articulate working for them
Reply With Quote
  #16  
Old 05.10.2018, 16:57
roegner's Avatar
Moderately Dutch
 
Join Date: May 2011
Location: Zurich
Posts: 10,242
Groaned at 346 Times in 288 Posts
Thanked 12,073 Times in 5,849 Posts
roegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond repute
Re: Visa and Rules (Bank for International Settlements)

Quote:
That really is a mighty useful first post.


I'm sure BIS must be enthralled to have someone so articulate working for them
Nahhh, he had already some posts in 2014 when he messed up his taxes
Reply With Quote
  #17  
Old 05.10.2018, 16:59
Medea Fleecestealer's Avatar
Forum Legend
 
Join Date: Jul 2011
Location: Switzerland
Posts: 21,360
Groaned at 369 Times in 284 Posts
Thanked 16,155 Times in 9,179 Posts
Medea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond repute
Re: Visa and Rules (Bank for International Settlements)

Might not post much, but been a member longer than you, roegner or I have.
Reply With Quote
  #18  
Old 09.04.2019, 15:51
Newbie
 
Join Date: Apr 2019
Location: Greenwich
Posts: 1
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Fnas has no particular reputation at present
Re: Visa and Rules (Bank for International Settlements)

How hard was it getting the offer? You can pm me. I am interviewing with them right now.
Reply With Quote
  #19  
Old 10.04.2019, 10:09
Newbie 1st class
 
Join Date: Sep 2008
Location: Zurich
Posts: 20
Groaned at 0 Times in 0 Posts
Thanked 2 Times in 2 Posts
Shiny_New_Kid has no particular reputation at present
Re: Visa and Rules (Bank for International Settlements)

Quote:
View Post
How hard was it getting the offer? You can pm me. I am interviewing with them right now.
They do put you through an all-day interview process, which isn't too bad at all. I rather enjoyed it. All the people you interview with gather in a meeting and decide which of the 3 or 4 candidates they liked the best.

Now, just because you aced the interviews and the majority of the people in the meeting preferred you, it doesn't mean you'll get the job. The head of the department that you're interviewing with has the power to "veto" everyone else. This can be for any number of reasons .. he/she didn't like your tie, didn't get a good gut feeling from the 30-second conversation you had, etc. I've seen this happen a few times.

That said, be sure to leave a nice email to the interviewers afterward regardless of the outcome. It does happen occasionally that they remember you and contact you for a different position at the bank at a later time. Also, do apply again if a position comes up - unless you completely bombed the interview, your previously application doesn't count against you.

Good luck!
Reply With Quote
This user would like to thank Shiny_New_Kid for this useful post:
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bank for International Settlements BIS - Salary dingamst Employment 20 01.10.2019 09:45
Best Bank for cheap international transfers Bach89 Finance/banking/taxation 9 17.11.2014 10:00
Bank Statement for a Swiss visa diesel Permits/visas/government 2 20.02.2013 09:26
Bank for international transfers kevala Finance/banking/taxation 1 11.07.2011 11:28


All times are GMT +2. The time now is 01:09.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0