The Journey of Moving from One Country to Another

Moving from one country to another is a life-altering experience that encompasses a spectrum of emotions, challenges, and opportunities. Whether driven by career prospects, educational pursuits, or a quest for a new adventure, the decision to relocate is a significant step that opens doors to personal growth and cultural enrichment.

Here are a few tips to ensure that your enthusiasm is not dampened by administration and expensive surprises.

1. Residence and Work Permits:
   Ensure that all residence and work permits are in order. Notify the relevant authorities about your departure and follow the necessary procedures to close or transfer your permits.

   A work assignment abroad may have consequences to your application for a C permit in Switzerland. If you are pursuing this goal, you should find out early on what this means for you.
   
   

2. Your Swiss Bank Account:
   Depending on where you go, you are no longer welcome at your Swiss bank and may be forced to close the account. It is good to inform yourself at your bank beforehand as your bank account should be the last thing to close in Switzerland.
   
   

3. Healthcare Coverage:
   Understand the implications for your health insurance. Check whether your current coverage extends to your destination or if you need to arrange for new insurance in the country you're moving to.
   
   

4. Social Security Contributions and Pension Fund:
   If you've been contributing to the Swiss social security system, understand how your departure may affect your entitlements. Withdrawing from your pension fund can have significant tax implications, depending on whether you are still resident in Switzerland or already living abroad. Do not give away your carefully earned money, it is worth consulting an expert.
   
   

5. Tax Considerations:
   Be aware of the tax implications associated with leaving Switzerland. Notify the tax authorities, settle any outstanding tax obligations. Without an extension, you have 30 days after deregistration with the municipality to settle your tax affairs in Switzerland. Unfortunately, many tax authorities are years behind with the final assessments. If you were taxed at source in Switzerland, the Swiss tax authorities will continue to pursue you for up to 3 years after your departure. It is worth entrusting a tax advisor in Switzerland with this task. It's a petty if the tax authorities are your last memory of Switzerland.
   
   

6. Legal Obligations:
   Understand any legal obligations you might have, such as terminating rental agreements, cancelling subscriptions, suspend the phone and internet service, etc. Check notice periods! Clear outstanding legal matters before leaving the country.

Leaving Switzerland is a significant life transition, and thorough preparation is key to a smooth departure. By addressing these considerations, individuals can navigate the complexities of relocation and embark on their new journey with confidence.