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26.08.2017, 22:18
| Junior Member | | Join Date: Aug 2017 Location: Milan
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| | Information on "fiscale deal"
Hood evening everyone!
This is my first message on this forum, I'm writing this to gather more information about the "fiscale dea", hoping this is the correct name. I'm talking about the status you can obtain (and pay less taxes therefor) if you are a wealthy individual that want to nove to switzerland and live by managing tour own wealth (so no other job or economical activity).
I've found many different information on the internet and i would like to hear from someone who gas dealt with this matter previously
Thank you for tour time, regards
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26.08.2017, 22:26
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
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| | Re: Information on "fiscale deal" | Quote: | |  | | | Hood evening everyone!
This is my first message on this forum, I'm writing this to gather more information about the "fiscale dea", hoping this is the correct name. I'm talking about the status you can obtain (and pay less taxes therefor) if you are a wealthy individual that want to nove to switzerland and live by managing tour own wealth (so no other job or economical activity).
I've found many different information on the internet and i would like to hear from someone who gas dealt with this matter previously
Thank you for tour time, regards | | | | | Not all cantons will do this, min tax payable is at least 120,000 CHF, probably more. You can't have worked in CH for 10 years prior. The days of 30K deals have long gone. The canton with about 25% of all deals is VS.
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26.08.2017, 22:26
|  | Moderately Dutch | | Join Date: May 2011 Location: Zurich
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| | Re: Information on "fiscale deal" | Quote: | |  | | | Hood evening everyone!
This is my first message on this forum, I'm writing this to gather more information about the "fiscale dea", hoping this is the correct name. I'm talking about the status you can obtain (and pay less taxes therefor) if you are a wealthy individual that want to nove to switzerland and live by managing tour own wealth (so no other job or economical activity).
I've found many different information on the internet and i would like to hear from someone who gas dealt with this matter previously
Thank you for tour time, regards | | | | | Simple, call the tax office and talk to them, repeat that with all the cities you might want to live in and take the one with the best offer.
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26.08.2017, 22:43
| Junior Member | | Join Date: Aug 2017 Location: Milan
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| | Re: Information on "fiscale deal" | Quote: | |  | | | Not all cantons will do this, min tax payable is at least 120,000 CHF, probably more. You can't have worked in CH for 10 years prior. The days of 30K deals have long gone. The canton with about 25% of all deals is VS. | | | | | Thank you for your answer, sir. I'm not sure i fully understood what you were trying to say: Are you saying that my yearly income should be at least 120.000 CHF or that wathever i do i'll have to pay at least 120.000 CHF in taxes? I think you eant the first but i wan't to be sure.
On top of that, i've read that you need to have a deposit in a swiss bank account (i've read 1 million CHF). Do i have to keep this deposid "liquid" (i mean not invested in any sort of financial product) or can i dispose of it freely? | Quote: | |  | | | Simple, call the tax office and talk to them, repeat that with all the cities you might want to live in and take the one with the best offer. | | | | | I will definitely speak to a professionist and call the different offices. I'm thinkin about either Vaud (Lausanne or Montreaux) or Bern (Bern itself or Thun), but this is for another topic.
My life philosophy (one of many) is "never enter a room or a conversation unprepared", this is why i like forums so much. I would like to gather some real life experience so i can be more prepared to speak with the required people
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26.08.2017, 22:53
|  | Moderately Dutch | | Join Date: May 2011 Location: Zurich
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| | Re: Information on "fiscale deal" | Quote: | |  | | | Thank you for your answer, sir. I'm not sure i fully understood what you were trying to say: Are you saying that my yearly income should be at least 120.000 CHF or that wathever i do i'll have to pay at least 120.000 CHF in taxes? I think you eant the first but i wan't to be sure. | | | | | Taxes to be paid, definitely not an income of 120k per year
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26.08.2017, 23:17
| Junior Member | | Join Date: Aug 2017 Location: Milan
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| | | Quote: | |  | | | Taxes to be paid, definitely not an income of 120k per year | | | | | That's a very different situation from what i've read on some pages on the internet. This means the target of the fiscal deal is people who are in the UHNWI range.
Let's say 120.000 CHF of taxes is considered "low" by someone. Let's say it's just 10% of what he earns in a year, that would be 1.200.000 CHF of income.
By getting that kind of income with finantial products without being to much exposed or having to trade costantly, let's fix a net 5% of combined interests (4% is more realistic, but let's do 5% of easier math) we get a staggering 24.000.000 CHF.
Am i doing something wrong?
The situation is way different from what i firstly grasped. The first result you get by searching this subject in my native language (Italian) is a guy in a forum (recent post, january 2016) who claims is enoug to have a deposit of 1 milion CHF and 150.000 chf of yearly income.
Last edited by 3Wishes; 27.08.2017 at 12:52.
Reason: merging consecutive replies
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26.08.2017, 23:21
|  | Moderately Dutch | | Join Date: May 2011 Location: Zurich
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| | Re: Information on "fiscale deal" | Quote: | |  | | | That's a very different situation from what i've read on some pages on the internet. This means the target of the fiscal deal is people who are in the UHNWI range.
Let's say 120.000 CHF of taxes is considered "low" by someone. Let's say it's just 10% of what he earns in a year, that would be 1.200.000 CHF of income.
By getting that kind of income with finantial products without being to much exposed or having to trade costantly, let's fix a net 5% of combined interests (4% is more realistic, but let's do 5% of easier math) we get a staggering 24.000.000 CHF.
Am i doing something wrong? | | | | | Why do you think you would get a residency permit and a tax deal with what is considered to be a "regular" income (120k)? If you want to live here and have a special tax deal you need to have the income
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26.08.2017, 23:29
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
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| | Re: Information on "fiscale deal" | Quote: | |  | | | That's a very different situation from what i've read on some pages on the internet. This means the target of the fiscal deal is people who are in the UHNWI range.
Let's say 120.000 CHF of taxes is considered "low" by someone. Let's say it's just 10% of what he earns in a year, that would be 1.200.000 CHF of income.
By getting that kind of income with finantial products without being to much exposed or having to trade costantly, let's fix a net 5% of combined interests (4% is more realistic, but let's do 5% of easier math) we get a staggering 24.000.000 CHF.
Am i doing something wrong? | | | | | The deal is for RICH people who don't want to be taxed on world wide income, where 1 million is peanuts. Tax & social costs will be at least 30% of theoretical income.
The people that this is aimed at probably have 24,000,000 net worth if not substantially more.
As I said in my first reply the days of 30k deals are long gone. It's clearly not for you.
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27.08.2017, 11:44
| | Re: Information on "fiscale deal" | Quote: | |  | | | The situation is way different from what i firstly grasped. The first result you get by searching this subject in my native language (Italian) is a guy in a forum (recent post, january 2016) who claims is enoug to have a deposit of 1 milion CHF and 150.000 chf of yearly income. | | | | |
If indeed this was the case about 15-20% of Swiss people/residents would immediately qualify, probably more !
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28.08.2017, 00:38
| Forum Legend | | Join Date: Oct 2014 Location: Ostschweiz
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| | Re: Information on "fiscale deal" | Quote: | |  | | | This means the target of the fiscal deal is people who are in the UHNWI range. | | | | | Correct. | Quote: | |  | | | The canton with about 25% of all deals is VS. | | | | | Are you sure? I can't be bothered to look up the actual numbers but my impression is that VD is the clear leader.
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26.08.2017, 23:07
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
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| | Re: Information on "fiscale deal" | Quote: | |  | | | Thank you for your answer, sir. I'm not sure i fully understood what you were trying to say: Are you saying that my yearly income should be at least 120.000 CHF or that wathever i do i'll have to pay at least 120.000 CHF in taxes? I think you eant the first but i wan't to be sure.
On top of that, i've read that you need to have a deposit in a swiss bank account (i've read 1 million CHF). Do i have to keep this deposid "liquid" (i mean not invested in any sort of financial product) or can i dispose of it freely?
I will definitely speak to a professionist and call the different offices. I'm thinkin about either Vaud (Lausanne or Montreaux) or Bern (Bern itself or Thun), but this is for another topic.
My life philosophy (one of many) is "never enter a room or a conversation unprepared", this is why i like forums so much. I would like to gather some real life experience so i can be more prepared to speak with the required people | | | | | Theoretical income needs to be about 450k, ideally more.
You don't need a deposit in a Swiss bank of 1 million, however you may need to show significant assets to prove your wealth, depositing several million in an investment account shows your serious. You will need to spend about 80k a year in rent, no 1k a month flat share | The following 2 users would like to thank fatmanfilms for this useful post: | |
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