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Old 20.06.2021, 13:31
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B permit without exercising a gainful activity

Hi everybody,

I'm looking to obtain a B permit as an Italian citizen. Is there any language test to take?

I'm planning to take a B permit without exercising a gainful activity, by having sufficient means. Can somebody help me to understand what exactly does gainful activity means? Am I still allowed to open a brokerage account and generate income from dividends and capital gains, or invest in real estate and collect rent?
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  #2  
Old 20.06.2021, 13:38
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Re: B permit without exercising a gainful activity

Without gainful activity means your permit is not based on you having a job here, you have enough wealth to support yourself without working.

No language test needed.
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  #3  
Old 20.06.2021, 13:55
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Re: B permit without exercising a gainful activity

But taxes are not zero. Your income and wealth are both subject to Swiss taxes which varies by Canton. Talk to a tax expert.
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  #4  
Old 20.06.2021, 14:01
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Re: B permit without exercising a gainful activity

There is come confusion in my head.

Is there only one type of B permit? If so, by obtaining a B permit by having sufficient means, I'm able to work like any other B permit holder right? Because at the beginning I was thinking that by having 2 different methods of applying, there were 2 different B permits.
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Old 20.06.2021, 14:03
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Re: B permit without exercising a gainful activity

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There is come confusion in my head.

Is there only one type of B permit? If so, by obtaining a B permit by having sufficient means, I'm able to work like any other B permit holder right? Because at the beginning I was thinking that by having 2 different methods of applying, there were 2 different B permits.
If you get a B permit for having sufficient means, afaik this does not allow to work.

But as you are EU you can change that easily IĎd think.
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Old 20.06.2021, 14:05
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Re: B permit without exercising a gainful activity

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There is come confusion in my head.

Is there only one type of B permit? If so, by obtaining a B permit by having sufficient means, I'm able to work like any other B permit holder right? Because at the beginning I was thinking that by having 2 different methods of applying, there were 2 different B permits.
You can have a B permit with or without the right to work. Though I would have thought an EU person always has the right to work, normally non-EU dependants get the other type.. That is different however to what issuing the permit is based on - you have to prove you have the means to support yourself either through work or wealth.
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  #7  
Old 20.06.2021, 15:09
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Re: B permit without exercising a gainful activity

Well, I'm not interested to have the right to be able to work. But I need to understand, by having a B Permit without the right to work, if I can receive income from dividends and capital gains, and if I can buy and rent a property and generate income.
So basically I don't understand the exact border and limitations of not having the right to work. Does it apply only for jobs and nothing else, and all sort of investments is allowed?
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Old 20.06.2021, 18:02
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Re: B permit without exercising a gainful activity

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You can have a B permit with or without the right to work. Though I would have thought an EU person always has the right to work, normally non-EU dependants get the other type.. That is different however to what issuing the permit is based on - you have to prove you have the means to support yourself either through work or wealth.
I think you're right. As an EU citizen you just need to show you can support yourself one way or another (is my opinion).

I don't think "without gainful activity" means that you *can't* work, but rather that you don't need to. Not related but if you're generating an income then that's probably counted as "trading" for tax purposes.
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  #9  
Old 20.06.2021, 18:29
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Re: B permit without exercising a gainful activity

You can find a factsheet about it here

https://www.sem.admin.ch/sem/en/home...actsheets.html
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  #10  
Old 20.06.2021, 19:45
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Re: B permit without exercising a gainful activity

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Well, I'm not interested to have the right to be able to work. But I need to understand, by having a B Permit without the right to work, if I can receive income from dividends and capital gains, and if I can buy and rent a property and generate income.
So basically I don't understand the exact border and limitations of not having the right to work. Does it apply only for jobs and nothing else, and all sort of investments is allowed?
It is a few years since I looked at it for someone and then it was:

Income from interest, dividends, royalties, capital gains from investing (not trading) and retirement pension, thatís it.

Rental income, even from abroad, represents a business activity, so not allowed.

It is very limited and I highly recommend you seek professional advice before making any decisions.
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Old 21.06.2021, 00:34
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Re: B permit without exercising a gainful activity

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It is a few years since I looked at it for someone and then it was:

Income from interest, dividends, royalties, capital gains from investing (not trading) and retirement pension, thatís it.

Rental income, even from abroad, represents a business activity, so not allowed.

It is very limited and I highly recommend you seek professional advice before making any decisions.
I'm not really sure what you're trying to say but he's asking if a "no gainful activities needed" B permit would prevent him from having some gainful activities in Switzerland.
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Old 21.06.2021, 06:59
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Re: B permit without exercising a gainful activity

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I'm not really sure what you're trying to say but he's asking if a "no gainful activities needed" B permit would prevent him from having some gainful activities in Switzerland.
Not sure why you're not getting it.
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Hi everybody,

I'm looking to obtain a B permit as an Italian citizen. Is there any language test to take?

I'm planning to take a B permit without exercising a gainful activity, by having sufficient means. Can somebody help me to understand what exactly does gainful activity means? Am I still allowed to open a brokerage account and generate income from dividends and capital gains, or invest in real estate and collect rent?
Quote:
View Post
It is a few years since I looked at it for someone and then it was:

Income from interest, dividends, royalties, capital gains from investing (not trading) and retirement pension, thatís it.

Rental income, even from abroad, represents a business activity, so not allowed.


It is very limited and I highly recommend you seek professional advice before making any decisions.
Jim2007 gave him precisely the gainful activities he could do and those he couldn't to keep this type of permit.
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