Questions tagged [switzerland]

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

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2
votes
1answer
95 views

Taxes when remote working for a Swiss company whilst living in the UK?

In the scenario where I'm living in the UK and working remotely for a Swiss company. Who should I pay income tax to? I would be declared self employed in the UK.
1
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3answers
135 views

Compliant investing

After saving for a couple of years, about half a year's salary has accumulated in my savings account and I now want to start investing long term in index funds, however if I open a securities account ...
6
votes
2answers
206 views

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 ...
4
votes
3answers
171 views

Do I need to pay U.S. taxes on a summer internship in Switzerland?

I did a 10-week internship in Switzerland and earned 5770 CHF. Do I claim that on my taxes? Does Switzerland already figure taxes and therefore I do not have to pay because I can not be taxed twice? I ...
2
votes
1answer
164 views

What is the degree of “nickel rounding” that occurs with Swiss Francs?

I am trying to implement currency handling with Swiss Francs (CHF). In Canada, we have removed our penny from our currency circulation, but digitally the penny amount ($0.01) still exists (bank ...
4
votes
4answers
361 views

Where should a young person living in Switzerland invest their money? [closed]

I am an 18 years old student living in Switzerland, doing my apprenticeship as a software developer. In the last few years I saved around 10'000 francs and instead of buying a car I thought to invest ...
4
votes
2answers
228 views

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, ...
1
vote
4answers
216 views

How do I avoid excessive fees when I get paid in CHF and need EUR?

I live in Germany and will soon receive monthly payments in CHF. How can I best transfer this money to my local bank account (EUR)? My local bank charges 20 € per conversion and uses an unfavorable ...
2
votes
0answers
36 views

Tax Filing: US citizen studying abroad at university in Switzerland

I am a US citizen in my 20s living in Switzerland for most of the last 3 years. The tax rules seem to have changed from what I thought to be true before. As such, I am quite confused and hope someone ...
52
votes
8answers
25k views

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 ...
1
vote
0answers
265 views

Incomplete IBAN used in bank transfer

A transfer form a client listed only 7 digits of my IBAN (and 1 in error), the clearing number, my name and bank address are all correct. The clients account has been debited but mine has not been ...
3
votes
1answer
440 views

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 ...
2
votes
3answers
527 views

Can you withdraw money from my Swiss Bank account with just the account number and password?

Wondering if it works the way it does in the movies, where people only need an account number and a password to access their Swiss bank account.
4
votes
4answers
144 views

Taxes on stocks in the US

Currently, I'm a resident in the US. I plan to move to Switzerland in sometime in the next 3 years. I have currently bought some stocks, whose value I expect to appreciate over time. I might decide ...
0
votes
1answer
51 views

How much time does EU to Switzerland transfer take?

How much time does it take a regular money transfer to complete, started from an EUR account from the EU to a CHF account in Switzerland? The transaction was started as a normal transaction (nothing ...
1
vote
1answer
109 views

What should I do with a savings account in another country?

I live in Switzerland but I have a savings account in France (about 7000 Euros). I don't visit France very often and don't plan on living in the EU. I'm starting university next year but I am not in ...
4
votes
3answers
221 views

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 ...
2
votes
0answers
84 views

Taxes when year split between Switzerland and Germany

Last year I worked in Switzerland (L permit) from January until the end of July, and then worked in Germany for the remainder of the year. I am now resident in Germany and an EU Blue Card holder. I ...
1
vote
1answer
109 views

Is the Swiss stock market inversely correlated with the Swiss Franc like Japan today?

The Japanese stock market is inversely correlated with the Yen. When Yen goes up, Nikkei goes down and vice versa. This is because the Japanese economy is highly dependent on exports. Does the same ...
2
votes
1answer
125 views

Opening offshore account from UK [closed]

I have a question about how to open an offshore account (preferably Switzerland) from within UK. I am British, a resident of UK, British passport, no duel citizenship. I have no intention of living ...
3
votes
1answer
146 views

UK: what do I need to declare?

I have a question about declaration and tax in UK. I am British, a resident of UK, British passport, no duel citizenship. A) If I have a property (holiday home) abroad within EU which I do not rent ...
1
vote
2answers
875 views

Non-EU student, living in Germany, working for a Swiss company - taxes?

I'm non-EU citizen, but from Europe, now studying in Germany on Master program (so I'm a student, have an Erasmus stipendium, and have 1-year national visa that allows to work 120 full or 240 half ...
38
votes
10answers
11k views

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 ...
12
votes
1answer
3k views

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 ...
2
votes
2answers
715 views

What would be my tax liability in Zurich, Switzerland?

What would be my tax liability as a single individual, resident of Zurich (not citizen), not a member of any church, with a 90,000 Swiss Franc yearly salary? Let's just take into consideration basic ...
5
votes
1answer
868 views

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 ...
3
votes
2answers
1k views

Net salary for an internship in Switzerland?

I will be doing a 6-month internship in Switzerland near Lausanne soon, and I will be remunerated 1000 CHF per month in gross salary. How much can I expect in net salary?
-1
votes
1answer
138 views

How can a Canadian get exposure to safe haven currencies?

How can a Canadian get exposure to a safe haven currency like CHF and JPY? I don't want a U.S. dollar denominated ETF. I want something in Canadian dollars, to save on conversion fees. Is this ...
1
vote
1answer
245 views

How important is volume when choosing an exchange?

I'm investing some money in ETFs; buy and hold. My local currency is CHF. I have an account in Interactive Brokers. So far I've operated on the London Stock Exchange, which means I have to do a forex ...
10
votes
3answers
4k views

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 ...
2
votes
1answer
2k views

Open bank account in CHF

I'm living and working now in the Netherlands. Here you can easily open a bank account in EUR but I am interested in an account in Swiss franks. Browsing web pages of several Dutch banks I haven't ...
6
votes
1answer
143 views

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 ...
9
votes
7answers
1k views

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: ...
32
votes
4answers
6k views

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 ...