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Questions tagged [switzerland]

for questions that relate to the laws, practices, and products of switzerland

for questions that relate to the laws, practices, and products of Switzerland. Wikipedia

61 questions
53
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8 answers

Is this broker a scam?

I was contacted by a 'broker' in January, they said they're based in Switzerland (I'm based in the UK), and they asked to invest some money (as minimum as $1000). They told me that my platform would be connected to the main one, so I will…
kenorb
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40
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10 answers

How to rescue my money from negative interest?

My bank has announced negative interest rates starting Q1 2016. I have CHF 250'000 in that savings account (Swiss Francs). Now, pretty much all other banks will probably follow suit soon, if they haven't already. Also, government bonds yield…
Quandary
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40
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4 answers

Possible scam for security deposit - bank operation

I am looking for apartments to rent in Switzerland and I came across a bank operation that is rather new to me. In order to put down the security deposit, I would have to do the following: Fill in a form with my personal data alongside my…
embedded_dev
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35
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5 answers

What are the advantages of a Swiss bank account?

I've heard about bank accounts in Zurich / Switzerland, but I don't fully understand the unique advantages of swiss bank accounts. What I do believe about these (but don't know for sure): They accept money from anywhere without questions, including…
user145
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14
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1 answer

What happens to my Social Security benefits if I work less than 10 years in the U.S?

I'm a U.S citizen and have been working in the United States for about 5 years now. I'm planning on moving to Switzerland soon for a regular job (not self-employed). If I understand this properly, in the U.S you need a minimum of 40 credits (10 work…
user19035
11
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7 answers

What are the financial advantages of living in Switzerland?

I am currently living in Switzerland. Switzerland has been known for decades as an attractive location for companies. Indeed there are a couple of American companies in Zürich. What I ask myself is: Living in Zürich is really expensive (like in…
Jai Puri
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11
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3 answers

Why did the Swiss National Bank fix the EUR/CHF exchange rate at CHF 1.20?

Two questions actually: Why did the Swiss National Bank fix the EUR/CHF exchange rate at EUR 1 = CHF 1.20 as of September 2011? How are they making sure that the exchange rate stays at CHF 1.20? See the current EUR/CHF exchange rate at Yahoo…
Lernkurve
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7
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2 answers

Television license tax in Switzerland as exchange student

My background: I am a Belgian student studying for 6 months in Lausanne (Switzerland) in an exchange program. Recently I received a letter where I was asked to pay a television license tax of 365 euros. It is stated on the website of the…
Feynman007
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7
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1 answer

Balanced medium horizon investment for today's situation?

I am looking for a balanced investment for a medium term (max 8 years). At the beginning I looked at bonds in their different forms, but actually they offer almost the same interest rate as saving accounts (I live in Switzerland where rates are…
Francesco
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6
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1 answer

What's the difference between CH-DD and LSV+?

I recently moved to Switzerland, and one of the businesses I have to pay monthly bills to gave me two options (in addition to manual monthly transfers): "CH-DD" and "LSV+". As far as I can tell, both have the same properties: I give them a signed…
user26011
6
votes
1 answer

How to reclaim the value-added tax when buying something on eBay?

I want to buy a digital graphics pad/touchscreen on eBay for technical drawings. Because the article's seller is based in Germany, and I live in Switzerland, and because the article is worth more than CHF 200, it will need to be declared on…
Quandary
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6
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2 answers

What are the disadvantages of keeping a small part of your assets as cash in a safe deposit box?

In Switzerland, banks do rent out safe deposit boxes for valuables. I am thinking of storing a small fraction of my assets there as cash. To diversify my portfolio, in addition to a savings account at a bank, I own crypto, precious metals and…
Sybil
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5
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3 answers

Returning to the UK after working in Switzerland, What to do with my Swiss Francs?

I'm in a situation where I have around 20k CHF. I'm wondering whether to invest the money before returning to the UK, or just exchange it for GBP. I have no immediate plans for the money and will probably not return to Switzerland for a long time or…
user13894
5
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1 answer

Is there non taxable investment account (like UK ISA) equivalent in Switzerland? How does one make tax-efficient Swiss investments?

While we were living in the UK, we were using our extra money to invest in index funds via ISA accounts. On these specific accounts, you do not pay Captial Gain Tax and they are excellent for long term investment. You are limited on how much you…
Matas Vaitkevicius
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4
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2 answers

How to save for pension in Switzerland when moving around?

I am a 28 year old Swedish citizen living in Switzerland as a PhD student. It is possible that I will move internationally one or more times before settling down. I will stay for at least 3 years, possibly longer. It is also possible that I will…
Hektor-Waartgard
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