Geopolitical tensions and tougher tax regimes have created a mass global migration of millionaires. Switzerland wants to snap up as many wealthy globetrotters as possible, but not everyone agrees with the methods being used. +Get the most important news from Switzerland in your inbox Opposition has focused on Swiss Golden Visa residency deals, which are issued only to the highest bidders. A growing number of rich migrants are willing to pay hundreds of thousands of francs to gain entry to Switzerland by this means. The Swiss Secretariat for Migration says 496 people currently hold a Golden Visa in Switzerland. This is up from 404 held in 2022, according to the Tages-Anzeiger. + Switzerland jostles with global competition for mobile millionaires The cost of Golden Visas varies depending on the canton of residency. Obwalden charges CHF250,000 ($300,000) while Zurich demands at least CHF1 million, the newspaper adds. Left-leaning political parties say they have had enough of pandering ...
