What are the obligations and responsibilities associated with holding a golden visa in Switzerland, such as tax obligations and the obligation of residence?
Holders of a golden visa in Switzerland have certain obligations and responsibilities that they must comply with to maintain their resident status in Switzerland. Here are some of the most important obligations:
- Obligation of residence: Golden visa holders must reside in Switzerland during the validity period of their visa. The minimum duration of residence depends on the type of visa, but it can vary between six months and one year per calendar year.
- Obligation to comply with Swiss laws and regulations: Golden visa holders must comply with Swiss laws and regulations during their stay in Switzerland. This includes compliance with Swiss tax laws and payment of taxes.
- Obligation to maintain the initial investment: Golden visa holders must maintain their initial investment in Switzerland during their stay in Switzerland. If the initial investment is withdrawn before the end of the visa holding period, the visa may be canceled.
- Obligation to report changes in circumstances: Golden visa holders must inform Swiss authorities of any significant changes in their circumstances, such as changes of address, changes in financial situation, or changes in family composition.
- Obligation to comply with renewal deadlines: Golden visa holders must renew their visa before the expiration date of their current visa to avoid any interruption to their resident status in Switzerland.
Additionally, golden visa holders may be subject to additional obligations depending on the type of visa they hold. For example, retirement visa holders may be required to demonstrate that they have sufficient financial resources to support themselves during their stay in Switzerland.
It is important that golden visa holders in Switzerland comply with all obligations and responsibilities associated with their resident status in Switzerland to maintain their resident status safely. Failure to comply with these obligations may result in the cancellation of the visa, which can lead to expulsion from Switzerland and other legal and financial consequences.