Coronavirus, political instability, crime as well as uncertainties in their countries of origin are driving more and more families from all over the world to Switzerland.
In this moment of great global crisis, Switzerland, thanks to its federal system and its strong banking and economic fabric, has once again become attractive to Italian and international clients.
However, even among the new migratory flows, taxes are still playing an important role.
Millionaires, who despite the crisis have amassed a large fortune, fear that they will have to pay taxes in their home country, whereas in Switzerland, thanks to its low indebtedness, tax increases are unlikely for the time being.
With a share of around a quarter of global “offshore” assets, the Confederation is still the world market leader.
Approximately two years ago the inflow to Switzerland resumed, among other things due to the international political turmoil, but since about a year, due to geopolitical tensions and the possible economic repercussions of the coronavirus crisis, this trend has been sharply increasing.
Furthermore, the balance of the fight against the coronavirus does not harm the attractiveness of Switzerland since the government has not only limited freedom of movement less drastically than in other countries, which is an important competitive advantage, but has also emphasized the traditional advantages of the Confederation, namely a stable political system, a good health system and security.
