2. Benefits of moving to Switzerland with Swiss Lump Sum Taxation
2.1. Lump Sum Taxation instead of a never-ending tax declaration
Based on many years of experience, we negotiate the best lump sum taxation contract for you. The procedure usually takes 4-6 weeks. In case of urgency, we offer you a “Fast Track” procedure. It only takes 2 – 3 weeks, including permanent residence permit issued by the Swiss Immigration Authorities. The days of completing 50-page tax returns are definitely over. The tax deal negotiated for you – called “the Tax Ruling” – applies to all subsequent tax years. The Tax Ruling replaces all tax returns until you leave Switzerland.
2.2. No need to disclose your Income and Wealth with Swiss Lump Sum Taxation
The tax calculation will be based on the cost of your annual living expenses or your annual rent multiplied by a factor of 7. The higher amount is ultimately used for taxation. The tax agency does not want to know how big your income is. Neither income nor wealth will affect your tax bill. If yachts, helicopters and racehorses drive up the cost of your living expenses, your tax bill will increase accordingly. We are happy to assist you in putting together the tax-relevant expenditures.
2.3. Moving your effective residence to Switzerland will simultaneously eliminate all of your problems in connection with the Automatic Exchange of Information and Common Reporting Standard (AEOI & CRS)
Your bank account with a Swiss bank is a private affair. It is not taxable and not reportable. If your Swiss bank account at the old residence was kept as a secret, it will be legalized in one go with the move to Switzerland.
You no longer have to deal with the Automatic Exchange of Information (AEOI) and the Common Reporting Standard (CRS). These OECD treaties and rules are overridden for you in one fell swoop. Nobody cares how much money you have on your account. As a resident, you benefit from Swiss banking secrecy. Swiss banking secrecy is a significant part of the concept of privacy among the Swiss population. Swiss banking secrecy is considered as a constitutional right to privacy. For many citizens of the Russian Federation, the negative consequences in connection with the AEOI & CRS are the main reasons for moving to Switzerland permanently.
2.4. No need for risky offshore-structures anymore
You don’t need complex offshore-structures anymore. Your risky tax loopholes with offshore companies will become irrelevant. Your doubts as to whether a specific offshore structure is considered to be legal or illegal are definitely gone. Constant worries in connection with doubtful offshore structures are definitely eliminated with your relocation to Switzerland.
2.5. The absolute legal certainty with an official „Tax Ruling“
Every year, you will pay the agreed Lump Sum Tax. You know exactly how much tax – or rather how little taxes – you will pay. You can be 100% sure of the exact amount of tax you will pay every year. Since 1862, Switzerland is offering tax rulings that work. Finally, you will have the peace of mind you deserve. You will enjoy legal status that you can count on.