Low taxes, beautiful scenery, excellent health care: these are just a few of the reasons people come to Switzerland to retire. Here's what you need to know.
EU/EFTA nationals wishing to retire in Switzerland will be granted residence permits if they have sufficient financial resources to cover themselves as well as family members. They must also be covered in Switzerland with health and accident insurance.
The first permit is valid for five years. An extension of five further years will be automatically granted if they continue to fulfil the conditions.
Citizens of other countries may retire in Switzerland if they are over 55; have close connections with Switzerland (for example, frequent stays, family members in the country, past residency); no longer pursue gainful employment in Switzerland or abroad; transfer the centre of their interests to Switzerland; and have the necessary financial resources. In addition, they will need health and accident insurance covering all risks in Switzerland. Owning property in Switzerland is not necessarily enough to establish “close ties”.