Our valued sponsor

Tax residence Italy, why

100k not enough in switzerland. min is more about 200 these days, unless their economy turns down sharply.
Most cantons will take the $100K in a second if you are European. I'll explain why...

Take, for example, someone with a net worth of CHF10M. The most they'll pay is ~CHF 40K/year in Paradiso, TI, assuming they stop working (no income) and only do a SWR of only 2% from their (after-tax) savings.
1704340760950.webp


If Paradiso, Ticino, CH accept the "Imposizione secondo il dispendio" they'll get 2½ times what they would normally get. Why would they NOT take it? :rolleyes:

That's how a lot of people "I know" do it. ;)

For example:

1704341468606.webp


;) It's totally worth it for both sides and the beneficiary of the Paradiso residency can engage in other income-producing activities. A person with a net worth of +CHF 1M knows how to make money... I would dare to say that someone with CHF +½M (liquid) also knows how to create value/income. ;)

PS. There are apartments with roommates for CHF 650/per month. Some for even less. thu&¤#
 
Most cantons will take the $100K in a second if you are European. I'll explain why...

Take, for example, someone with a net worth of CHF10M. The most they'll pay is ~CHF 40K/year in Paradiso, TI, assuming they stop working (no income) and only do a SWR of only 2% from their (after-tax) savings.
View attachment 5908

If Paradiso, Ticino, CH accept the "Imposizione secondo il dispendio" they'll get 2½ times what they would normally get. Why would they NOT take it? :rolleyes:

That's how a lot of people "I know" do it. ;)

For example:

View attachment 5909

;) It's totally worth it for both sides and the beneficiary of the Paradiso residency can engage in other income-producing activities. A person with a net worth of +CHF 1M knows how to make money... I would dare to say that someone with CHF +½M (liquid) also knows how to create value/income. ;)

PS. There are apartments with roommates for CHF 650/per month. Some for even less. thu&¤#
yah i understand your calc and also agree with it, so do i understand your post correctly you know people who got this for 100k recently?
it would be simply appealing bc you can then legally not disclose all of your holdings which prove to be privacy clusterduck.

i mean this is not public and i have my sus i would have been taken for a ride (quotes i got to settle for by the lawyer gang were about 200-300k) and the place in question was a way shittier location than the one you quoted.
 
  • Like
Reactions: jafo
Most cantons will take the $100K in a second if you are European. I'll explain why...

Take, for example, someone with a net worth of CHF10M. The most they'll pay is ~CHF 40K/year in Paradiso, TI, assuming they stop working (no income) and only do a SWR of only 2% from their (after-tax) savings.
View attachment 5908

If Paradiso, Ticino, CH accept the "Imposizione secondo il dispendio" they'll get 2½ times what they would normally get. Why would they NOT take it? :rolleyes:

That's how a lot of people "I know" do it. ;)

For example:

View attachment 5909

;) It's totally worth it for both sides and the beneficiary of the Paradiso residency can engage in other income-producing activities. A person with a net worth of +CHF 1M knows how to make money... I would dare to say that someone with CHF +½M (liquid) also knows how to create value/income. ;)

PS. There are apartments with roommates for CHF 650/per month. Some for even less. thu&¤#
The reasoning make sense, but have you ever found a Swiss public servant able to reason?
The forfait fiscale is a matter of bargaining, it is highly unlikely that 100k will be accepted. Usually the minimum is 200-300k, depending on your profile and on your bargaining skills.
 
yah i understand your calc and also agree with it, so do i understand your post correctly you know people who got this for 100k recently?
Yes! A few personal friends, but with one caveat: They negotiated "out of" Monaco from a position of POWER and used that as leverage! Additionally, it's preferable to have a history with CH. Those who have had private banking can easily get a recommendation letter from their wealth management/private banks.

If you meet the above or can, in the future meet the above requirements, why not try? What do you have to lose? What is CH going to do? Report you to Monaco? :rolleyes:

(quotes i got to settle for by the lawyer gang were about 200-300k) and the place in question was a way shittier location than the one you quoted.
Yeah, you get this a lot with the lawyers involved. I've always realized this. A small percentage of lawyers are real businessmen.

The reasoning make sense, but have you ever found a Swiss public servant able to reason?
rof/% rof/% rof/% rof/% rof/% If we start with this, we may not find them smi(&%
The forfait fiscale is a matter of bargaining, it is highly unlikely that 100k will be accepted. Usually the minimum is 200-300k, depending on your profile and on your bargaining skills.
100% this! That's why when it was first explained to me it was by an extremely savvy and well-dressed Swiss/Italian man on Casino Square.
The strategy is to ALREADY be in Monaco *and* have a history with Swiss private banks in CH and MC.

Not to convolute things and to follow that man's directions to a T, I focused ONLY on getting the forfait deal to be able to spend time in CH skying, hiking, and investing in Swiss start-ups *WITHOUT* worrying about going over 90 days. That's it! No big talks. No bragging about money. No bragging about connections etc etc.

FOCUS = spending time in Switzerland skying, hiking, vetting, and investing in Swiss start-ups. That's it! Simple concept.

That's the hurdle I needed to get over and voilà! Got my forfait in less than 6 weeks. No questions asked :oops: No lawyers! No accountants! No third-parties. I just humbly showed up and was grateful to CH for having wealth management/private banks (Wegelin, BSI, etc) that helped me save "some" money and I wanted to return the favor.

Not all cantons are open to this...as I've been told (after the fact :rolleyes: ) by expensive/high fees "experts" although I have NOT personally experienced this. Everyone was welcoming.

PS. I indeed do everything to avoid "public servants" but I think I need to specify exactly which ones... Those with "arrest powers" that run in packs. One-on-one, I laugh with them, but in large groups cry&¤ ... I think this guy explains it much better than I ever could:

PSS. I never disclosed to ANY of the lawyers, accountants, experts, etc. that I got the forfait without paying them their exorbitant +CHF1M fees. Who knows what they are able & willing to do... because...
1704374757865.webp
 
Last edited: