Could Switzerland be an alternative non-EU location for pooling my assets?
Switzerland offers attractive possibilities for pooling assets and establishing family offices structures for resident and non-resident individuals and families. This is what you need to know when you consider moving your assets to Switzerland.
The current developments in the European Union and many other countries with regard to the asset pooling environment make it worth looking into alternative jurisdictions, like Switzerland.
Benefits of Switzerland
Switzerland offers interesting solutions various situations. Swiss collective investment vehicles can be used as pooling vehicles for investments of non-Swiss families providing regulatory, tax and professional benefits. If structured properly, such vehicles can be treated as tax transparent from a Swiss perspective. From a regulatory perspective, the 'collectivity requirement' is a point of attention.
Given that Switzerland is not part of the EU, the disclosure requirements under the fourth EU AML Directive, such as a UBO-register, should, generally speaking, not be applicable to the investment vehicle and its investors. A strong legal framework ensures compliance with all worldwide regulatory standards under the attention of the privacy of beneficial owners for the public.
How to bring my assets to Switzerland?
It starts with your current situation and your and your family’s needs and objectives: Where are your investments located? Do you need a specific governance structure? Where do you and the members of your family live? It is important to assess your current situation, taking into account tax, legal and regulatory aspects, in order to create the best solution.
Georges FrickAttorney at law, tax adviser Associate
Georges Frick is tax adviser and member of our tax practice group in Zurich. He specializes in Swiss and international taxation, particularly for (ultra) high net worth individuals, executives and entrepreneurs, and family offices. His expertise includes succession planning, private wealth structures as well as tax-efficient group and investment structures.T: +41 43 434 67 12 M: +41 79 535 50 76 E: Georges.Frick@loyensloeff.com