Switzerland has long been synonymous with stability and security, making it a top destination for ultra-high-net-worth individuals (UHNWIs). Switzerland's appeal lies in its reputation for political neutrality and economic stability, as per the Knight Frank. report.
Hosting major international organisations like the United Nations and the Red Cross in Geneva, the country rarely experiences sudden policy shifts, offering investors a predictable environment. Additionally, the Swiss franc is regarded as one of the world's strongest currencies, often appreciated during global uncertainty.
Advancements in technology, flexible work arrangements, and improved global mobility have made it easier than ever for UHNWIs to relocate. Executives, tech entrepreneurs, and commodity traders can now manage their businesses from Alpine chalets or lakeside estates while providing their families a safe and high-quality lifestyle.
While non-residents face purchasing restrictions due to Switzerland's 1985 Lex Koller law, those acquiring residency can choose from prime locations around Lake Geneva, such as La Côte and the Swiss Riviera both of which frequently rank among the world's top quality-of-life destinations.
Beyond favourable tax conditions, privacy and security are the primary motivations for UHNWIs relocating to Switzerland. Switzerland's tax policies remain a significant draw.
From 2025, the cantons of Geneva and Vaud, which border Lake Geneva, will lower income tax rates and cap wealth taxes. Both cantons offer UHNWIs the option of advanced tax rulings, including lump-sum taxation agreements and clear definitions of taxable income and wealth.
Switzerland's real estate market is stable, with property values resisting significant fluctuations. Despite a slight dip in sales volumes in 2024, the market remains a reliable investment for wealth preservation. As global uncertainties persist, Switzerland's status as a haven is only set to strengthen.
