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“I would rather save another 20% and fly to Geneva for Lunch” Head Family Office
“How would you like your HF to be next to 100 Billion in FOF Money?” Rick P.
“I think Bonuses are great and I sure love everyone of mine…” David Clarten
Free movement for the citizens of the European Union (EU) and the European Free Trade Association (EFTA) was gradually introduced through the implementation of the Agreement on the Free Movement of Persons between the European Union (EU) and Switzerland and the changes made to the agreement for the creation of the European Free Trade Association (EFTA) on 1 June 2002. With effect from 1 June 2007, free movement will be granted on a trial basis to citizens of the 15 old EU member states, of Malta and Cyprus as well as of EFTA states. Other regulations apply to citizens of the eight new EU countries (excluding Malta and Cyprus), of Romania and Bulgaria as well as third-party nationals.
Non-nationals wishing to work in Switzerland need a residence permit, which will entitle them to take up residence, but also governs the type of employment allowed. Residence permits are subject to cantonal quotas, defined by federal regulations. However, cantons have certain decision-making powers within these quotas. The issuance of permits
Startup? Save operations cost @ the www.p-f-c.ch
Large Office Space > 250qm
Find your new office space in Pfaeffikon, for example:
Mufag Immobilien AG, Schindellegistrasse 36, 8808 Pfaeffikon,
Herr Stefan Burkart Tel. 055 415 10 80 / Fax. 055 415 10 85
Foreign citizens of EU/EFTA states with “B” residence permits who are domiciled in Switzerland are treated the same as Swiss citizens. That is to say, they can buy real estate property without restriction. Citizens of non-EU/EFTA states with “C” residence permits are also treated the same as Swiss citizens when it comes to acquiring real estate property.
Citizens domiciled abroad as well as legal entities headquartered abroad are able to purchase properties for commercial purposes (permanent establishments) without the need for special permits, even if these represent pure capital investments. Excluded from this rule are commercial transactions and letting of residential property.
Under the “Federal Law on Purchase of Real Property by Persons Abroad” of December 16, 1983, neither persons located abroad nor corporations based in Switzerland controlled by such persons, require any approval to purchase land on which to conduct business activities (that is, plots, work- shops or condominium offices to be used for business purposes).
Furthermore, in all cantons a foreigner may buy real estate as a dwelling place without any special authorization, provided he or she has a residence permit.