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Living in Switzerland

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jeffers
Newly Registered
Posts: 1
Joined: Mon Nov 22, 2010 6:49 pm
Location: Lancashire

Living in Switzerland

Post by jeffers » Mon Nov 22, 2010 6:50 pm

Hey everyone,

I'm making very preliminary enquiries about living in Switzerland and I'm wondering if anyone can help me...

I'm a UK citizen, and I share ownership of two companies. One of those is based in the UK, the other is based in Australia. I work from home and I'm a director for both companies (25% share holding in the UK business, and 50% in the Australian business).

Now, if I set up a holding company which owned those shares, would that allow me to get a residence permit for Switzerland? :?:

Thanks guys.

acme4242
Senior Member
Posts: 604
Joined: Tue Nov 18, 2008 12:03 pm

Post by acme4242 » Mon Nov 22, 2010 11:56 pm

Here is the agreement,

AFMP agreement between Swiss and EU on free movement

Article 6
Right of residence for persons not pursuing
an economic activity
The right of residence in the territory of a Contracting Party
shall be guaranteed to persons not pursuing an economic
activity in accordance with the provisions of Annex I relating
to non-active people.
:
:
:
Annex I
2. Nationals of the Contracting Parties not pursuing any
economic activity in the host State who do not have a right of
residence pursuant to other provisions of this Agreement shall,
provided they fulfil the preconditions laid down in Chapter V,
have a right of residence. That right shall be substantiated
through the issue of a residence permit.
:
:
:
V. PERSONS NOT PURSUING AN ECONOMIC ACTIVITY
Article 24
Rules regarding residence
1. A person who is a national of a Contracting Party not
pursuing an economic activity in the state of residence and
having no right of residence pursuant to other provisions of
this Agreement shall receive a residence permit valid for at
least five years provided he proves to the competent national
authorities that he possesses for himself and the members of
his family:
(a) sufficient financial means not to have to apply for social
assistance benefits during their stay;
(b) all-risks sickness insurance cover (1).
The Contracting Parties may, if they consider it necessary,
require the residence permit to be revalidated at the end of the
first two years of residence.

2. Financial means shall be considered sufficient if they
exceed the amount below which nationals, having regard to
their personal situation and, where appropriate, that of their
family, can claim social security benefits.Where that condition
cannot be applied, the applicant’s financial means shall be
regarded as sufficient if they are greater than the level of the
minimum social security pension paid by the host state.
3. Persons who have been employed for less than one year
in the territory of a Contracting Partymay reside there provided
they comply with the conditions set out in paragraph 1 of
this Article. The unemployment benefits to which they are
entitled under national law which is, where appropriate,
complemented by the provisions of Annex II, shall be con-
sidered to be financial means within the meaning of para-
graphs 1(a) and 2 of this Article.

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