Switzerland is an amazingly beautiful country. Swiss Alps, lush mountain scenery, and gorgeous waterways. There is an open attitude that is favorable for the many investment opportunities for the foreign investor. Many companies are attracted to Switzerland and have taken advantage of owning businesses there. The incentives for companies doing business in Switzerland are low corporate taxes, exceptional infrastructure, and a very productive work force. Companies such as Dow, Phillip Morris, General Motors, Gillette and Proctor and Gamble have all set up offices in Switzerland. Switzerland has offered many benefits to companies and to the foreign investor. Laws and cantons, regulate the rules and incentives for foreign investment. Seek advice before you invest or purchase, though, and make sure that you have a clear understanding of all the regulations in Switzerland. Just like any other country they have their own rules and regulations. Foreign exchange markets in Switzerland are free and uncontrolled.
Buying Property. To purchase real estate the foreign investor needs to obtain a permit from the Cantonal and Federal Authorities before the purchase. Under the regulation (persons abroad) this can be an individual or a legal entity. Note if it is property bought as a primary residence and being occupied as such, no permission is required (Except in certain areas or if your land is larger than 3000m2). In Switzerland all letters of intent or contracts need to be notarized, and deeds need to be recorded in the acquisition of property.
In Ski Resort areas and other jurisdictions or type of property being purchased, there are certain restrictions that may apply. Foreign buyers are required to obtain permission to purchase in the form of a permit. Be aware that sometimes these permits can take a long time to obtain. The favorable Swiss Mortgage is 60- 80% LTV at a rate of 3% approx ( Adjustable rates) in Swiss Francs. Typically terms are for 30 years up to 80% LTV, up to age 70.
Example of Real Estate Investment. 4 bd 1 bth, 100 meters from ski lift, Euros Swiss Franc 250,000. This chalet has character. There are some real buys left in the Switzerland market. The Swiss property is considered by most to be a stable investment. There are many areas with quality construction. Villar is a favorite destination for many and it is only 90 minutes from the Geneva Airport. Switzerland also has excellent train connections as well.
