Relocate to Switzerland, how to?

[Marzio]

I meant, why should he be commuting if there's already a‍ director in Zug? Are you suggesting that the company should hire him so he can⁠ pay himself a salary and commute few times a week to Zug to justify the⁤ salary? It's a 1h.30m ride from Lugano to Zug, so it's not far but neither⁣ around the corner. If nobody will check his presence in Zug then it could be⁢ worth it.

If you︀ think dividend tax in Zug is enormous you should avoid Switzerland altogether.

 

[JohnLocke]

I totally agree. You may choose the Bahamas or similar places!‍ That a different topic and would require a new thread.

I assume they have something like "einwohnermelde Amt" there, so the auth. would easily see where⁤ he lives. Or would that be different to him to be presence in the company⁣ in Zug during the working hours ?

 

[Sols]

Switzerland is not a tax haven (except for lump sum deals, which are being phased‌ out). It just has a below average tax pressure, but high costs of living more‍ or less even things out for average income people/households. By and large, you need to⁠ have a very high income to notice any meaningful savings compared to just living across⁤ the border.

Go somewhere else if you want low/zero tax.

 

[EliasIT]

Awesome replies, very useful.

How would you compare the situation for someone who lives in‌ Denmark and want to relocate to Switzerland? That was the case in my situation (I'm‍ gone and will never come back), they are insane in DK, you live and work⁠ 95% for the government, they own you.

 

[Marzio]

Looks like you are one‌ of the few Danes that are not happy about living in Denmark and having the‍ privilege of donating your hard earned money to the Denmark government infact Denmark is ranked⁠ as the second most happy place in the world!

https://en.m.wikipedia.org/wiki/World_Happiness_Report

Switzerland tops all the "quality of living" charts so you'll⁢ not regret moving to Switzerland by any means.

 

[EliasIT]

it is the most false statement I have heard in all the years when they show‌ it on TV - It must be Danish propaganda.
I'm in Switzerland for the last 2 months looking around there,⁤ didn't made any decision yet.

 

[Marzio]

I assume you are in Zug.

Before making any decision visit other cities and‍ always keep an eye on the RDI tool to see if the place you like⁠ is also tax efficient.

 

[JackAlabama]

How is it with making friends there?

 

[EliasIT]

Like anywhere else,‌ if you are open to your surroundings you will find people to talk with, it's‍ about to be friendly and accommodating. However, I'm not here to make friends, I'm here⁠ to figure out where to settle down 🙂

 

[JackAlabama]

Well, friends and neighbours are a big part of this *figure out where to settle⁤ down*. Not just with the different language they speak.
It has also a big divide⁣ into "progressive" and "conservative" areas.

 

[hungryPanda]

I enjoy the‍ Swiss life and already live there. My only issue is that the structure and accounting⁠ in Switzerland are quite expensive and on top of that you can't get away with⁤ an average of 25% in tax. This is the ideal number for me, I am⁣ not looking for 0%.

 

[JackAlabama]

You need to⁤ make 30k$ per year. Then the tax bracket is low.

 

[EliasIT]

depends on who you are⁠ 😉

 

[JohnLocke]

You can't make any living from only 30k$ per year in Switzerland‍ ?

 

[backpacker]

A Swiss citizen can.
However, a foreigner can not.

 

[JohnLocke]

How, where will he live, in‌ the mountains with only his dog and his bicycle? It is nothing, I would be‍ surprised if you can live anywhere in Europe for 30K$ a year !

 

[backpacker]

You see, that's the problem⁠ of many people in this forum: They are detached from the real world.
A non-citizen⁤ person can have a comfortable life on USD 30k in RO, BG, HU, CZ, SK,⁣ SI, HR and even in the northern part of Portugal.
A citizen anyway doesn't need⁢ USD 30k in these countries to enjoy a good lifestyle.

Switzerland: A citizen can still︀ find a flat in the banlieus for CHF 600.-. Nothing fancy but o.k. .
Then use public transportation (much cheaper for savvy locals than you might think) which will set︁ you back about CHF 250.- per month.(includes weekend trips to other parts of the country).︂
Buy groceries with a discounter. If you can go without meat (much healthier to be︃ vegetarian) this will cost about CHF 600.- (incl. going to the Beiz for a beer︄ almost daily).
Add about CHF 100.- for utilities.
The remaining CHF 850.- are for whatever︅ you want to use them.
Note: With this low income there is no need to︆ bother about taxes. There are certain tax deductions which you automatically get and that way︇ this amount will go almost untaxed.
A citizen will even get some social benefits if︈ he/she applies for them separately. "Kantonale Wohnbeihilfe" will easily cover four to five months rent︉ (= CHF 3'000.-).

 

[JohnLocke]

You think all this is possible if you own or have shares in an AG‌ let's say, make 500,000 CHF in profits every year, and you get only 30,000 CHF‍ out of it?

You also think the "Wohnhilfe" contribution from the officials will apply 😀 If that is true the Swiss people are more stupid than a door, and I know⁠ they are clever and know how to make business.

 

[backpacker]

No, of course not.
Study your initial question which was:
This is not about AG or 500k, it soley about a person who has an income︀ of 30k. The rest of the discussion has nothing to do with it. So, AG︁ and 500k are not applicable to your initial question.

 

[Marzio]

What would be the problem?

If the shareholder wants to keep after tax profits in the company he could certainly do⁠ so and take out only 30.000 CHF as a salary if he feels to.