Switzerland is a famously wealthy country that has become known as a European financial capital. Wealthy individuals and businesses often move to Switzerland because it has a great location in the heart of Europe and it also has a very friendly tax environment for both individuals and businesses. Add the fact that Switzerland’s banking and financial industry is well-respected around the world, and it makes sense that family offices are opening their doors in Zürich.
The following free Guide to Switzerland Family Offices will help you better understand Switzerland family offices and provide you with resources to learn more about Switzerland. You should also check out our 100% free book on family offices.
Introduction to Switzerland
Many in the financial community are already well-acquainted with Switzerland: it is a popular tourist destination (thanks to its beautiful countryside and conventient location), known as a safe and friendly country, and many business professionals either do business in the country or attend the many business and finance conferences held in Switzerland. Perhaps the best description of Switzerland is that it is highly stable: in terms of its currency, economy, government and regulations.
Switzerland has become an even more popular destination for financial professionals since the financial crisis because the country has not introduced the type of strict regulations on alternative investments like hedge funds and private equity that other countries have. Also, as many countries are strapped for cash and looking for ways to raise revenue they have imposed higher taxes on the wealthy as well as investment funds and large businesses. This has made Switzerland a comparatively better choice for many businesses and wealthy individuals and families.
The country is not a member of the European Union and therefore is not required to impose the regulations of the financial industry that were passed by that organization. Additionally, Switzerland seems to have weather the financial crisis better than some other countries and it maintains a very tax friendly environment. All of this makes Switzerland an attractive destination for the exceptionally wealthy.
Family Offices in Switzerland
Switzerland is one of the most popular destinations for family offices because of the huge concentration of wealth and the stellar reputation of Swiss banks and financial institutions. The low taxes make it an exceptional place to do business and for wealthy individuals and families to live. Many family offices make it easy for families to relocate to Switzerland, helping families purchase real estate in the country and even finding an international school for the children.
There are certainly a high number of family offices in Switzerland, especially given the country’s size and population. However, it’s hard to determine the exact number because few Swiss family offices are publicly listed. As Daniel Martineau of Switzerland’s Close Trustees SA notes, “It is impossible to say how many family offices there are in Switzerland. Understandably, they don’t want to be listed in the telephone book under ‘family offices’ but rather are usually discretely described as an investment office or have an obscure name which tells nothing to the outside world. Anecdotally however, there are hundreds of private investment offices located there.” A conservative estimate of family offices in Switzerland would be around 100, but it could be much higher as many Swiss banks and wealth management firms also provide family office services or include family offices.
Switzerland Family Office Resources Guide
Switzerland Family Office Resource #1: A story on Switzerland’s oldest private bank and how it’s evolving with investing strategies and technology.
Switzerland Family Office Resource #2: If you are looking for contact details of family offices places such as Switzerland you may want to consider using a Family Offices Database. A Family Office Database provides you with the complete contact details for 100′s or sometimes even up to 1,000 global single and multi-family offices within an easy to use Excel spreadsheet format. Learn more about this by clicking here.
Switzerland Family Office Resource #3: An article on Switzerland’s 2020 economic freedom score along with some backstory of the economy.
Switzerland Family Office Resource #4: Read on different ways to invest in Switzerland.
Switzerland Family Office Resource #5: This article talks about taxes on trading profits in Switzerland and investing.
Switzerland Family Office Resource #6: If you would like to purchase a report by Research and Markets on Private Banks and Family Offices in Switzerland, click here for information on buying the resource (scroll to the bottom of the article).
Switzerland Family Office Resource #7: This article talks about the facts of the Switzerland economy being the most competitive economics in the world, all because of the highly developed service sector.
Are you an employee or manager of a family office in Switzerland? Then we’d like to keep in touch with you. Simply send us an email at Richard@RichardWilsonCapital.com