How can wealthy Russians obtain permanent residency in Switzerland through investments?

The author of this article is Ulrich Knapp, who serves as the director of the investment department at Benesteem Executive Consulting. According to numerous advertisements online, the process of obtaining a residence permit in Switzerland seems quite simple: you just need to prove that you have an income sufficient to qualify for a special tax regime known as lump-sum taxation. At first glance, this scheme appears very enticing — you only need to pay a fixed amount annually and enjoy life in one of the Swiss cantons. However, the reality turns out to be quite different.

Separation of immigration and taxation processes

In fact, the path to obtaining permanent residency in Switzerland and the ability to participate in lump-sum taxation are not related to each other. These two aspects are governed by different legislative acts, require the completion of different procedures, and each specific case is handled by separate government agencies. Many citizens who believe that meeting the requirements for lump-sum taxation will automatically grant them a residence permit are deeply mistaken.

Prospects for wealthy Russians

Nevertheless, there are accessible options for wealthy Russians to obtain permanent residency in Switzerland, which we will discuss next.

The political structure of Switzerland

To properly understand the laws and procedures related to immigration and taxation, it is essential to familiarize oneself with the political structure of Switzerland. This country is a federation consisting of 26 cantons, which vary significantly in terms of size, climate, lifestyle, language traditions, and levels of economic prosperity. Each canton has considerable autonomy and, in this regard, may even surpass some Russian regions.

Autonomy of cantons in taxation

Despite the fact that federal laws establish general rules for immigration and taxation, each canton has the right to independently decide how to apply these rules within its territory. As a result, there are significant differences in tax rates and immigration procedures.

Citizens of third countries

According to Swiss law, citizens of Russia and other countries that are not members of the European Union or EFTA, including citizens of Belarus and Ukraine, are classified as "third-country nationals." They are unable to take advantage of the benefits provided by the "Agreement on the Free Movement of Persons" between Switzerland and the EU. The procedures for obtaining permanent residency status for third-country nationals are governed by the Federal Act on Foreign Nationals and Integration (AIG). These conditions are quite strict.

Factors influencing the acquisition of permanent residency

If you are not a well-known figure, such as a famous singer or actor, it's important to keep in mind that there are many factors that can affect your ability to obtain permanent residency. Each individual needs to carve their own path, taking into account personal circumstances and the requirements that are set. For example, the success of the immigration process may depend on your financial situation and your future plans.

Professional help

Considering all of the above, it is crucial to seek professional advice and prepare all necessary documents to increase your chances of a positive outcome. Switzerland continues to be an attractive destination for foreign citizens due to its stable economy and high quality of life.

Immigration to Switzerland for professionals

Dear specialists, whether you are an experienced doctor or a professional in the aerospace industry working for one of the leading Swiss companies, it is important to consider that the chances of obtaining citizenship may be limited. There are two main ways for wealthy Russians and citizens of non-European Union countries to immigrate. Both of these methods involve either investments or active participation in the economic life of the country.

Differences of Switzerland from other countries

It is important to emphasize that Switzerland is not considered a classic immigration country, like Canada or Australia. Unlike Cyprus, Malta, or Portugal, it does not require significant financial resources to obtain a visa. Additionally, the Swiss central bank sets some of the lowest interest rates in the world, currently at -0.75% (for comparison, the rate in Russia is 6.25%). Therefore, if you visit the immigration office with a deposit of ten million euros, it is unlikely to make a particularly strong impression.

Openness to foreign investment

Nevertheless, Switzerland is open to foreign investors who are willing to invest their funds in real sectors of the economy or significant projects. If your investments are recognized as having"special economic benefit"If you can demonstrate a special economic benefit, you can expect significant support from government structures both regarding your project and in matters related to obtaining a residence permit. This is the key point for Russian citizens looking to move to Switzerland.

Other countries with the possibility of obtaining a residence permit

Where else can one obtain a residence permit through investments or other means? In several countries, the requirements for obtaining a permanent residence permit are quite liberal:

• It's enough to buyreal estate,
• Get a job, or
• Open your own business.

You can find more detailed information in our article, where we discuss real estate, migration, and investment issues in depth, as well as share news on our Telegram channel.

Ways to obtain a residence permit in Switzerland

Now let's return to the two ways to obtain residency in Switzerland. To do this, we will refer to federal legislation and analyze what these methods entail in practice. The Federal Act on Foreign Nationals and Integration (AIG) describes in detail two exceptional conditions that allow those who wish to invest in Switzerland to expect to receive permanent residency.

• The first path is related to the opportunity to become“highly qualified manager”"(qualified leader), if such immigration is 'in the interests of the economy as a whole' (Chapter 5, Section 1, Article 19 AIG)."
• The second option implies the possibility for an investor or businessman who contributes“preserving existing jobs or creating new ones”Chapter 5, Section 1, Article 23.3 AIG.

Thus, there is a clear procedure for investing and obtaining a residence permit in this country, and each year the number of those wishing to take advantage of such opportunities is increasing.

Consideration of a candidate with public interest

If an individual does not hold a managerial position, but their candidacy is assessed by the canton as possessingof significant public importanceIn the context of "important public interest, Chapter 5, Section 3, Article 30.b), it should be understood that these two criteria exclude each other. You can choose one of the following rules: Rule No. 1 or Rule No. 2, but it is not possible to use both simultaneously. Which of the rules is preferable? In this situation, there are no specific norms for determining "significant public interest" or "the interests of the economy as such." Furthermore, the legislation does not specify how many new jobs must be created or preserved. All of this will be assessed individually by the immigration authorities of the canton where you plan to apply for a residence permit.

Investment recommendations

In general, there are some recommendations regarding this issue.InvestmentsThey should not only generate profit but also have a positive impact on the economic environment of the region, creating long-term advantages. For example, in a small mountain village, such investments could be directed towards building a new hotel or modernizing an existing one, which would enhance the tourist appeal of the area.

Types of investments in different cantons

In high-tech cantons like Zug or Aargau, the focus will be on investing in startups in the fields of biotechnology or information technology. In areas with a predominantly low-skilled workforce, for example, opening manufacturing sites for furniture could prove to be a quite profitable move.

Job evaluation

The volume and type of created jobs are also analyzed individually for each specific case. In dynamically developing and financially attractive regions such as Zurich, Zug, and Geneva, there is an increased demand for highly qualified jobs, as high salaries contribute to increased tax revenues. At the same time, in cantons where the number of jobs is limited, support for unprofitable enterprises and assistance in creating vacancies can be seen as a significant economic step.

Tax interests of the canton

In addition, the canton is interested in obtainingtax revenuesRegarding these investments: it concerns corporate profit taxes, employee income taxes, and taxes on the investor's own income. The Federal Ordinance of Switzerland on residence and employment (Verordnung über Zulassung, Aufenthalt und Erwerbstätigkeit, or VZAE) clearly states in Article 32.1.c that "significant fiscal interests of the canton" (erhebliche kantonale fiskalische Interessen) is one of the reasons why the aforementioned rule No. 2 may be applied.

Business model planning

This circumstance will become critically important if you are looking to apply for lump-sum taxation in the future. In this context, it is worth carefully considering your...business modelAnd how your investments can positively impact the economy of the region where you wish to be. A well-chosen investment strategy can significantly increase your chances of success in obtaining a long-term residence permit.

Status of the manager

The manager status mentioned in Rule No. 1 does not mean that you must actively participate in the operations of your company. The main aspect is that you take on the economic risks associated with your investments. This can manifest in either starting a new business or acquiring an existing enterprise from its previous owner. It is also worth noting your influence on the choice of strategies and key decisions made by the company.

Organizational structure of a joint-stock company

In a joint-stock company, which in Switzerland is called an aktiengesellschaft (AG) and is equivalent to a Russian OAO, the leading figure is the chairman of the board of directors (verwaltungsratspräsident). The actual management of this organization is carried out by the CEO, who, in turn, is an employee.

Investments in the hotel business

To create a joint-stock company, significant financial investments in the hotel sector are required, which vary from15 to 100 million Swiss francsIn this model, the investor or their representative becomes part of the board of directors, while the hotel operator acts as the general director. This strategic scheme has proven effective in practice, where the holding structure manages and leases its assets, while the operating organization manages the hotels.

Examples of investment objects in Switzerland

Switzerland offers a variety of interesting commercial real estate opportunities that can be attractive for investment.

• 12th-century castle in Geneva— a hotel with a magnificent history, located by the lake. After a major renovation, this property is perfectly suited to become a luxury hotel. It has an area of 7,700 m², with 60 luxurious rooms, and the total area of the land reaches 33 hectares, of which 15 hectares are designated for vineyards.
• Conference hotel in Zurich— a four-star hotel occupying 5,000 m² and offering 137 rooms of various categories, including economy class and luxury suites with stunning panoramic views. The hotel features a restaurant with a terrace, a spa area, and a fitness center, and its location against the backdrop of Lake Zurich adds to its appeal. The expected return on this hotel is approximately5-6%.
• Hotel package in St. Moritz— consists of four hotels with a total area of about 8230 m² and includes 134 rooms, each equipped with a restaurant and spa services. Investors can expect financing from Swiss banks, which makes this package much more attractive for investment. Engadin and St. Moritz are not only one of the oldest resorts but also one of the most luxurious, attracting tourists from all over the world. Investments in this area promise not only high returns but also stability for many years to come.

In Switzerland, you can find many interesting opportunities in the commercial real estate sector. One such property is a café and restaurant in Montreux. The premises, covering 708 square meters, are for sale at €2,549,840 and generate an annual income of 4%. This establishment is located in a picturesque part of the city, offering a magnificent view of the lake.

On the first floor, there is a café-restaurant with a covered terrace, and in the basement, there are a kitchen, storage rooms, and office spaces.Active lease agreementIt will continue until April 2023 and offers the possibility of an extension for up to ten years.

Store in St. Croix

Another interesting option is a store located in St. Croix, priced at 2,172,085 euros. The total area of this property reaches 700 square meters, allowing for an annual income of 5.05%.

The store is located in the center of the city of Sion, which is in the canton of Valais, and includes one parking space in the underground parking lot. The annual rental income is 116,350 Swiss francs, while the tenant covers the operating expenses, which amount to 17,843 Swiss francs.

The lease agreement was signed in 2018 for ten years, with the possibility of extending it for another ten years, divided into two five-year periods.

Geneva office

In the very center of Geneva, an office space is for sale for 1,337,000 euros, covering an area of 376 square meters. This office is already occupied by a tenant — a lawyer, and the property can be purchased without the need for a residence permit in Switzerland.

The expected return from this property is 3.4% per year.

Store in Montreux

A store with an area of 890 square meters is also for sale in Montreux for 2,644,278 euros. This business is already operational and is located in an area with a population of about 10,000 people. The city has been actively developing since the late 1980s, and a residential complex is planned to be built soon, with the supermarket located on the ground floor.

Shopping center in Ticino

A wide range of commercial real estate includes a shopping center in Ticino, Switzerland, which is offered for 15,000,000 euros and features shops, cafes, and parking, with a total area of 5,000 square meters.

This business is located in a wonderful area and features high-quality finishes and a unique design. The expected annual income is 3.7%. It is a very attractive location situated in the Mendrisiotto region, the southern border of the canton of Ticino, where approximately 30,000 people live.

Hotel in Vale

For those who prefer skiing, an interesting option is a hotel in Vail, Switzerland. This chalet, covering 1,000 square meters, is on the market for 31,000,000 euros. It is perfect for both personal use and commercial activities.

The chalet is equipped with rooms that have balconies, shared terraces, a fireplace in the living room, a swimming pool, and parking.

Three-star hotel in Klosters-Serneus

Moreover, there is also an operating three-star hotel in Klosters-Serneus on the market, offered for 9,500,000 euros. The hotel covers an area of 5,400 square meters and includes 40 rooms, of which 34 are double rooms and 6 are family rooms, allowing for accommodation of up to 88 guests.

The restaurant at the hotel has the capacity to accommodate:

• 50 people inside
• 40 on the terrace
• 30 seats in the bar
• 20 seats in the foyer

Obtaining a residence permit in Switzerland through the lump-sum method

If you are considering obtaining residency in Switzerland, you should pay attention to the lump-sum method. This way of applying for a residence permit can significantly change your tax situation in the future.

The application of this method will be impossible if you choose the first option, as it excludes the possibility of conducting business or working in the country. However, it is important to note that you will still have the opportunity to receive income in the form of dividends or similar payments from Swiss companies in which you have a stake or control.

Choice of lump-sum system

If you choose the lump-sum system, you should go with the second option and consult with the immigration office of your canton about the status that will allow you to become...“a person with significant public interest”In one of my previous reviews, I mentioned that this approach can be beneficial for UHNWI (ultra-high-net-worth individuals, which implies having over €30 million in investments), who primarily earn income from foreign sources.

There have been cases in practice where foreigners obtained resident status solely due to lump-sum payments. According to statistics from the Swiss State Secretariat for Migration, only 44 such permits were issued in 2018, of which only three were for Russian citizens. Official sources report that under such agreements, annual payments ranged from 1 to 2 million Swiss francs.

Tax benefits of investing

If you decide to invest in the canton where you plan to live, your tax benefits will be calculated based on the amounts paid under the lump-sum taxation, as well as the income tax you will receive from your investments (including your employees' salaries and other sources of income). This can significantly reduce your tax burden.

The choice of taxation method—whether it's a lump-sum or a standard scheme (for which there are also many optimization strategies available)—depends on your individual situation and the structure of your international assets and income.

Key aspects to consider

There are two key aspects to pay attention to:

• Firstly, if you plan to request a full or partial refund of foreign taxes paid under a double taxation agreement (this is possible if you receive dividends or interest from foreign sources that are subject to taxation in another country).
• Secondly, to calculate the lump-sum, you will need a specialized tool known as a controller calculation (cross-checking method), which is used exclusively to determine the amount of this tax. This approach ensures a more accurate calculation and reduces the likelihood of misunderstandings during the tax payment process.

However, it is important to understand that each situation is unique, and before making decisions, it is advisable to consult a professional in the field of taxation and immigration law.

Key aspects of taxation in Switzerland

In certain cases, when a taxpayer has significant assets, including income from securities and dividends taxed in foreign jurisdictions, the total amount of a one-time tax can increase significantly.

Luxury mansion in Geneva

A luxurious mansion is up for sale in the Swiss city of Geneva, priced at €24,738,000 and covering an impressive area of 1,100 m². This stunning building is located in the historic heart of the city and offers a unique architectural style reminiscent of the "Belle Époque." Built in a prestigious neighborhood that was once a magnet for aristocrats and influential businessmen of the nineteenth century, this mansion embodies the atmosphere of bygone eras. Its surrounding space features a well-maintained park of 4,500 m² with magnificent landscaping, creating a secluded and tranquil environment.

Unique villa in Montreux

There is also a unique villa on the real estate market in Montreux, valued at €4,900,000. The total area of the villa is 375 m², which includes 5 bedrooms and 5 bathrooms. This historic building, dating back to the 19th century, is located in the picturesque garden complex "Du Boschet," offering stunning views of Lake Geneva and the Alps. This area, surrounded by magnificent nature and tranquility, is just a few steps from the lake, truly providing a unique place to live. The style of the complex is in the English garden direction, and the lush greenery creates an unparalleled atmosphere of coziness.

Penthouse in Montreux

In Montreux, there is also a penthouse available for €5,000,000, with an area of 175 m². It includes two rooms and is considered one of the best housing options in a historic building located right by the lake on the famous flower promenade. It is possible to purchase spaces ranging from 175 to 375 m², allowing for options where:

• One of the apartments has already been fully renovated.
• Another one needs finishing touches, giving potential owners the opportunity to choose interior styles.

Residents will be able to enjoy the light from the upper floor, as well as a balcony and terrace that offer stunning views.

Apartment in Locarno

A apartment is listed in Locarno for €1,200,000 with a total area of 150 m². This spacious residence is convenient for living and ready for immediate occupancy. The apartment includes:

• A large terrace with an area of 34 m².
• A hallway with a spacious built-in wardrobe.
• A spacious living room and an open-plan kitchen.
• Three bedrooms, a bathroom with a bathtub, and a separate toilet with a shower.

Apartment in St. Moritz

A 140 m² apartment is being sold in St. Moritz for €3,500,000. This fully renovated residence features bright, airy spaces and is located just 300 meters from the city center in a newly updated four-story building. The interior space includes:

• Three bedrooms, one of which can be converted into a dressing room.
• Two bathrooms.
• A separate bathroom with the option to install a washing machine and dryer.

In addition, the apartment boasts a cozy living room, dining area, and a modernly designed kitchen.

Apartments in the center of Montreux

In addition, in the very center of Montreux, there is an opportunity to purchase apartments with an area of 63 m², with the price available upon request. These wonderful living conditions include:

• Two bedrooms.
• Perfect for comfortable living by the lake.

The ability to close a deal remotely offers a modern approach to purchasing real estate. Special attention should be given to the proximity to the shores of Lake Geneva, which makes this location particularly attractive to buyers seeking high quality and elegant style.

Unique 2-room apartment in Switzerland

In the very heart of Switzerland, there is a rare 2-room apartment featuring a spacious entrance hall and a bathroom with a shower. The apartment connects to a living room that includes an open kitchen, fully equipped with everything needed for comfortable cooking. This living room leads to a terrace, creating a wonderful setting for enjoying the fresh air.

Real estate is available for sale to foreigners.This makes it particularly interesting for foreign buyers. The seller is the company Victoria Gaillard Sarl, and the price of the apartment is 490,000 euros. The total area of the apartment is 118 square meters, including three rooms and two bathrooms.

In addition, online viewings are provided, as well as the option to conduct the transaction remotely, with the possibility of payment in both rubles and cryptocurrency.

Luxurious 3-room apartment in Leizan

The next property that deserves attention is a magnificent 3-bedroom apartment located in the popular ski resort of Leysin. This space is perfect for winter sports enthusiasts and those who appreciate comfortable leisure time. Moreover, foreigners can purchase this apartment.

• It includes a hall with a built-in wardrobe and a convenient guest bathroom.
• The living area with a fireplace creates a cozy atmosphere.
• The living room, connected to the kitchen, is perfect for family evenings.

The price of this property is 4,200,000 euros.

Exquisite villa in Ticino

Next is an exquisite villa in Ticino, covering an area of 550 m2, which is worth attention in the real estate market. The property resembles a traditional Tuscan farmhouse, surrounded by picturesque landscapes, and was fully restored in 2006.

The villa is equipped with everything necessary for comfortable living and includes:

• More than 700 m2 of living and auxiliary space;
• Water drinking reservoir.

The price for this unique item can be obtained upon request.

Luxury house in Geneva

In addition, there is a luxurious three-story house in Geneva with a total area of 170 m2, offering four spacious bedrooms and three modern bathrooms. This property, located in the picturesque area of Chemin des Vignettes 16, promises comfort throughout.

• Having a private pool.
• Exquisite interior design.

The price of this house is 1,990,000 euros.

Apartment with a view of the lake in Lugano

A 150 m2 apartment is offered in Lugano, allowing you to enjoy a magnificent view of the lake. Inside, there are two bedrooms and two bathrooms, as well as a terrace and a private garage.

This luxurious residence is just ten minutes from the center of Lugano and features a beautiful garden in its courtyard, perfect for relaxation.

Villa by Lake Lugano

Additionally, in the area around Lake Lugano, you can find a beautiful villa with an area of about 790 m2 and a private garden of approximately 1000 m2. This villa, fully renovated in 2016, is furnished and ready for occupancy. It includes 8.5 rooms with the possibility of adapting it for four or five bedrooms.

Convenient location just five minutes from the border with Italy.This only adds to the appeal of the property. The price of the villa is 8,300,000 euros.

Apartments in Montreux

In conclusion, Montreux offers apartments with a total area of 75 m2, featuring two sleeping areas and two bathrooms, creating a sense of coziness and homely warmth. This accommodation could be the perfect option for those seeking quality and comfortable living space in Switzerland.

Apartments in Montreux, Switzerland

Apartments in Montreux, Switzerland, are a wonderful choice for those looking to enjoy comfort and privacy. Let's take a closer look at some accommodations in this beautiful town.

First real estate property

The first option is a spacious apartment of 170 square meters. It features two bedrooms and two bathrooms. There is also a balcony where you can enjoy the fresh air. The convenient location of this apartment is in the heart of Montreux, close to the lake, cafes, restaurants, shops, and bakeries. This area has everything you need for a comfortable stay.The price for this property is 1,295,000 euros.

Second option

The next property is an 88 square meter apartment located on the fifth floor. It features one bedroom with stunning panoramic views of the lake and mountain peaks. Additionally, the apartment has a rooftop terrace. Conveniently situated, it offers easy access to the bus stop and train station.The cost is 554,000 euros.

Third object

The third property is a stylish apartment in Andermatt, located in a picturesque mountain village in Switzerland. It covers 106 square meters of living space and combines stunning natural landscapes with modern amenities. The residence includes twelve luxurious penthouses, perfectly suited for living at altitude. Here you will find bright and spacious rooms with high-quality finishes.The price is 1,905,000 euros.

Luxurious chalet

It is worth noting the luxurious chalet in Arosa. The total area of this magnificent chalet is approximately 370 square meters. Inside, there are five comfortable bedrooms and six bathrooms. The chalet consists of three levels, providing the highest level of convenience. From the south side, there is a breathtaking view of the mountain landscapes, and a spa area is available for your relaxation.The price of this chalet is 15,000,000 euros.

Luxurious villa in Lugano

Finally, in the picturesque area of Lugano, a magnificent villa is offered with stunning views of the lake and surrounding mountains. The total area of this villa is 1250 square meters, and it includes 15 rooms, 7 bathrooms, as well as parking for two cars in the underground garage and six outdoor spaces. The 4000 square meter plot provides plenty of space for relaxation.The price of this villa is 35,000,000 euros.

Small apartments in Mendrisio

It is also worth noting that in Mendrisio, there are small apartments available with an area of 64 square meters at a quite reasonable price –636,475 euros.These apartments are perfect for those who value peace and solitude away from the city noise. Their convenient location allows for quick access to Italy, making this property particularly appealing.

Result

Each of the presented properties in Switzerland offers unique opportunities for luxurious and comfortable living. If you are looking for the perfect place to live or invest, Montreux and its surroundings have a wealth of interesting options at your disposal.

Introduction

You have the opportunity to make decisions independently, based on previously noted criteria such as economic benefit, job creation, and tax payments. Depending on your financial capabilities and risk tolerance, you can consider several options, including investing in commercial real estate, creating a private investment fund, or participating in venture projects with startups. However, it should be understood that simply purchasing an expensive villa, regardless of its cost, will not lead to achieving significant goals.

Creating a business plan

First of all, it is necessary to create a detailed business plan. Try to develop several versions of this document to account for different scenarios. This business plan will become an important tool in the future, especially during negotiations with local authorities.

• If you already have functioning companies outside of Switzerland, then consolidating them into a new Swiss organization, such as a holding company or an international trading firm, could be a sensible move.
• As an example, one can mention corporations like Gazprom and their subsidiaries such as North Stream AG or East Metals AG from the Evraz Group, which are located in the canton of Zug.

Consultant support

At this stage, it is crucial to obtain support from experienced investment consultants who have in-depth knowledge of the local market and a track record of successful interactions with authorities. The next step is to submit all the necessary documents.

Key institutions

Two cantonal institutions play a key role in this process:

• the immigration office (Amt für Migration) that handles the review of your visa documents and residence permit;
• financial management (Finance Department), responsible for tax issues and applications for tax preferences.

Since the decisions of these organizations are closely interconnected, negotiating with each of them separately can be a tiring and complicated process, which may lead to misunderstandings or conflicts.

Opportunities for foreign investors

There are advantageous opportunities for foreign investors, as Switzerland has established a transparent and efficient process for discussing all project details. During these discussions, issues related to obtaining residence permits are also addressed in open and joint meetings.

In each region, there is a specialized institution or administrative body responsible for supporting economic development and attracting foreign investments. In larger cantons, these functions may be carried out by independent law firms, while in smaller towns, the mayor often takes on this role.

The persuasiveness of your intentions

The first and most important step is to convince the relevant institution of your seriousness regarding your investment intentions. It will be the one to analyze the economic feasibility of your project and has the political connections in the canton necessary for the successful implementation of your business.

Key points of success

This implies that

• a clear understanding of your goalsand
• the desire to maintain open communication with local authoritiesare key points for achieving success in Switzerland.

Meetings to discuss investment projects

In the event of a positive decision regarding your intentions, the investment department will organize meetings with key representatives, including tax and immigration authorities. These negotiations will take place in a roundtable format, in a relaxed atmosphere, creating comfortable conditions for discussion. Each participant will have the opportunity to present their ideas for the project in detail, which will serve as a basis for finding rational solutions.

This approach opens up opportunities to explore various options and make necessary adjustments without significant bureaucratic hurdles.

Convenience for investors

This method provides convenience for investors, also known as a "one-stop system," which eliminates the need to move between different departments. This significantly eases the work of the administration, as it removes complex internal controls and numerous requests.

The final document is a "definition."

Ultimately, the entire process will conclude with a document called a "determination." This document will outline the conditions under which the authorities will approve the final decision after the investor officially submits their application. This decision is mandatory for all government agencies, including tax authorities, as long as the investor complies with all specified requirements and does not change key information.

Unique Swiss tool

It is important to emphasize that the "definition" is a unique tool developed in Switzerland specifically for businesses and affluent individuals. Its goal is to simplify the complexities that arise in the areas of investment and taxation.

Further steps after receiving the "determination"

Once you receive a positive "determination," you gain the opportunity to move forward — filling out the necessary documents, proceeding with the project implementation, and starting preparations for the move. All subsequent legal stages will become mere formalities and will not lead to unexpected complications.

Definition of investments

It is extremely important to determine the amount of necessary investments and the time required to reach a final verdict. The standards can vary here; however, as an investment manager, I believe that to meet the criteria for obtaining a residence permit, the investment amount should start from 10 to 15 million Swiss francs. Nevertheless, this figure may change depending on the specifics of your project and the canton.

Naturally, the more you invest, the higher your chances of success! And it's important to remember that this money is not...donationTo the state. In reality, you become the owner of a profitable business in one of the most stable countries in the world. This is the goal of tens of thousands of wealthy individuals around the globe, even beyond obtaining residency.

Conclusion

In conclusion of my research on the topic of obtaining residence permits in Switzerland for wealthy Russians, it is important to highlight several key aspects.

Like many other countries, Switzerland combines strict immigration conditions with opportunities for successful investors and entrepreneurs. Although I have already mentioned that online advertising can create a distorted impression of the ease of obtaining residency status, the reality is that the necessary steps require significant effort and a proper understanding of local laws from potential immigrants.

Challenges of the immigration process

Switzerland is not a country that is willing to accept foreign capital without justifying its economic value.It's important to rememberThe presence of significant financial resources is not always a sufficient condition for immigration – active economic activity or investments that contribute to the development of the local market and the creation of jobs are required.

Key conditions for obtaining a residence permit:

• Active economic activity.
• Investments that create jobs.
• The need for highly qualified specialists.
• The economic value of the project for the country.

Recommendations for future immigrants

I strongly recommend everyone considering Switzerland as a new home to familiarize themselves with the local laws, conditions, and opportunities in advance to avoid unnecessary disappointments.

Summarizing the results

In conclusion, if you are aiming to obtain permanent residency in Switzerland, you should consider these pathways with an open mind and be prepared for the fact that the process may take time and require careful preparation.

I am confident that the right approach and attention to detail will help you achieve your goal, and life in this amazing country will be a wonderful conclusion to your immigration story.