Moving to, living and working in Lugano

Page 1

SPECIAL CONTENT

Moving to, living and working in

Lugano Switzerland


Denti della Vecchia

LUGANO AT A GLANCE Monte Tamaro Rivera Schaffhausen Basel Zurich Bern

St. Gallen Vaduz

Lucerne

Fribourg

GERMANY

SWITZERLAND

Lausanne Geneva

Gazzirola

Monte Tamaro

AUSTRIA

Chur

Valcolla

St. Moritz LUGANO

ITALY

Monte Bar

Capriasca

FRANCE

Tesserete

Milan

Switzerland

Canton Ticino

District of Lugano

Surface: 41,285 km²

Surface: 2,812 km²

Municipalities: 52

Population: 8,530,100

Inhabitants: 353,343

Surface: 308.0 km²

Neighbouring countries: Italy, Germany, Austria, France, Liechtenstein

Borders: Canton Grisons, Canton Uri, Canton Valais, Lombardy (Italy), Piedmont (Italy)

Inhabitants: 151,592

Official languages: German (65,6%) French (22,8%) Italian (8,4%) Romansh (0,6%)

Official language: Italian Capital: Bellinzona

Capital: Bern

Alto Malcantone Monte Lema

Gandria Monte Boglia

Municipality of Lugano Surface: 75.8 km² Inhabitants: 67,082

Lugano Airport

LUGANO Agno

Sorengo

Caslano

Collina d’Oro

San Salvatore

Monte San Giorgio

Distances from Lugano: Milan > 81 km 1h 06 min (car) 1h 17 min (train)

Basel > 268 km 3h 16 min (car) 2h 56 min (train)

Rome > 537 km 6h 27 min (car) 4h 53 min (train)

Geneva > 378 km 4h 33 min (car) 4h 47 min (train)

Paris > 589 km 7h 53 min (car) 7h 26 min (train)

Monte Gandria Brè

Lugano Lake

Basso Malcantone

Ponte Tresa

Zurich > 204 km 2h 23 min (car) 1h 55 min (train)

Denti della Vecchia

Melide

Morcote Morcote

Campione (I)

Monte San Salvatore


MOVING TO, LIVING AND WORKING IN LUGANO

Dear Reader, First of all, thank you. Thank you for accepting our invitation to browse through these pages and to visit, albeit virtually, Lugano. For those who, like me, were born here, telling the story of the City of Lugano is both fascinating and challenging. Firstly, it’s fascinating, because I truly believe that Lugano represents the best of the virtuous Swiss system, known worldwide for its high living standards and quality of services, safety, moderate taxation and limited bureaucracy. At the same time, it is challenging to describe Lugano without falling into the rhetoric of its exceptional efficiency and regular top spots in global rankings or putting excessive emphasis on the beauty of the main urban centre of Italian-speaking Switzerland.

“Let the facts and places, that make Lugano a cosmopolitan and vibrant city, speak for themselves!”

Let the facts and places that make Lugano a cosmopolitan and vibrant city speak for themselves! Lugano is the second largest city in Switzerland after Zurich, it has a vast territory and varied landscapes and offers an enviable quality of life without the disadvantages that inevitably characterise large urban areas.

This brochure presents the town and its region, what makes it an ideal place for those seeking prosperity and security, and particularly attractive for raising a family or growing a business. In addition, in this brochure you will find the practical things that you need to know when, and if, you consider moving to Lugano. I hope you enjoy your read and I look forward to meeting you as you stroll through the streets of our beautiful city. Michele Foletti Mayor of the City of Lugano



INDEX Living and working in Lugano 05 06 08

Lugano is freedom The Green City Switzerland’s virtuous model Lugano is safe The quality of services

11 12 14 16

Integrate and live well Dual education system links school and work Health first Reduced bureaucracy, efficient services The taxation

19 20

A country with moderate taxes The ideal location for your company headquarters Lugano is tax friendly The economy

21 24

Leader in global competitiveness The challenge of innovation The territory

27 28 29

Between lake and mountains From 0 to 2,000 meters in 30 minutes La dolce vita in Lugano

Annex Practical guide Moving to Lugano



LIVING AND WORKING IN LUGANO

LUGAN O I S FREEDOM AN INTERNATIONAL CITY OFFERING OPPORTUNITIES, SECURITY AND PRIVACY. TO LIVE YOUR FREEDOM TO THE FULL. With a population of less than 70,000, one may find it surprising to know that over 140 different nationalities live in Lugano. Many foreign individuals choose Lugano because they value its safety, attention to privacy, quality of services, from finance to health and education, but also its undoubted fiscal attractiveness and the simplicity of its administrative system, without forgetting the great outdoors and the lake breeze. It is no coincidence that, sometimes, passing in front of the shop windows of Via Nassa or accessing the car park of the Convention Centre, one meets a well-known face, who finds in Lugano the ideal combination of comfort, efficiency and freedom. Those who choose Lugano do not hide. They enjoy their freedom. This has always been the case and it continues to be so even today with many sports champions, artists, businessmen and women, who have decided to call home the economic capital of Italian-speaking Switzerland. This is because Lugano knows how to protect people’s privacy while allowing them to fully enjoy the benefits of their status.

05


LIVING AND WORKING IN LUGANO

THE GREEN C IT Y FROM PARKS TO LARGE-SCALE INFRASTRUCTURE, LUGANO FAVOURS SUSTAINABILITY.

The City of Lugano’s development plan pays special attention to the environment and the wise management of urban spaces, increasing the number of green and leisure areas for its residents, with year-round accessibility. The plan provides for the creation of new parks covering at least 25,000 square metres by 2024, some of which are already under construction. These will be added to the seven existing public parks and dozens of play areas distributed throughout the city’s 21 neighbourhoods, for a total extension of over 18.8 square kilometres of urban greenery and 48.5 square kilometres of forest area.

The mild climate, Mediterranean flair and rich natural heritage make Lugano one of the most popular tourist destinations in Switzerland. The city is easy to reach. By train, with the high-speed lines on the North-South European axis, which use the Gotthard base tunnel; at 57 kilometres it is the longest railway tunnel in the world, inaugurated in 2016, and the new Monte Ceneri base tunnel, which became operative in December 2020 (The New Rail Link through the Alps - NRLA). By car, with motorway connections. Or by air, with the local airport of Lugano - Agno that guarantees the operation of private flights, cargo connections and helicopters or easy access to the international airports of Zurich - Kloten and to those in the Milan area (Malpensa, Linate and Orio al Serio).

06


THE CITY OF LUGANO’S DEVELOPMENT PLAN

PAYS PARTICULAR ATTENTION TO THE ENVIRONMENT AND THE WISE MANAGEMENT OF URBAN SPACES

07


LIVING AND WORKING IN LUGANO

S WITZE RLA ND’S VIRTUO U S M O DEL LUGANO CONTRIBUTES TO SWITZERLAND’S VIRTUOUS MODEL, BASED ON SUSTAINABLE COMPETITIVENESS AND THE PURSUIT OF THE COMMON GOOD. Switzerland is a politically and financially stable nation. This means efficient services and quality infrastructure for its citizens, an independent and healthy judicial system and an overall peaceful and secure environment, as well as a constant focus on innovation.

Citizens can also submit parliamentary decisions to a referendum. For example, in 2021, Swiss people were asked to vote on a new law on digital identity (rejected) and on the acceptance of the free trade agreement with Indonesia (approved). Finally, all constitutional amendments must obtain a double majority, of both the citizens and the cantons.

The European Union is its most important economic and political partner. A historically neutral country following the 1815 Federal Treaty, Switzerland has been a member of the United Nations (UN) since 2002. It is one of the major centres of multilateral cooperation and the seat of countless international organisations and foundations covering a wide range of fields: from peace and disarmament to sport, economics, trade, finance, telecommunications and sustainable development.

Switzerland has four language regions - German, French, Italian and Rhaeto-Romance - and quadrilinguism is recognised in the Federal Constitution. Over the years, and also as a result of the most recent waves of migration, a multitude of other languages are spoken throughout the country, in particular English, which is also the language of instruction in many international schools. Zurich and Basel, as well as the federal capital Bern, are the main centres of the German-speaking area, while Geneva and Lausanne are the main centres of the French-speaking area. Lugano is the main centre of the Italian-speaking region, located on the south side of the Alps, which includes the Canton of Ticino, established in 1803, and part of the Canton of Grisons, known as Grigioni italiano.

Politically, Switzerland is a direct democracy, where citizens can actively participate in political decisions, through ‘popular initiatives’ and referendums. Popular initiatives are propositional referendums, which allow a wide range of issues to be put to vote by collecting at least 100,000 signatures.

08


LUGANO IS SAFE


AWAY FROM THE MADDING CROWD Switzerland is known for being one of the safest countries in the world. According to Eurostat, in the threeyear period 2016-2018, the country recorded an average of 21 robberies for every 100 thousand inhabitants per year, less than half the average of the 31 European countries monitored, which numbered 44. Lugano holds the record for security at national level. According to the Federal Statistical Office, summarised in the graphs on the following page, Lugano has the lowest crime rates among the ten largest Swiss cities, with 15 thefts and 6 violent crimes per 1,000 inhabitants, against an average of 36 thefts and 9 violent crimes per 1,000 inhabitants. These figures, summarised in the graphs on the following page, have been decreasing over time. The overall stability, combined with the proverbial Swiss reserve, discretion and safety, is one of the main reasons for the attraction of the capital of Ticino for those who shun the trappings of notoriety or animosity towards economic prosperity. Many celebrities from the worlds of entertainment and sport find refuge from the hassle of photographers and onlookers in Lugano. Here they can live in peace, without the need to take special measures to protect themselves from unwanted attention.

II


Low risk of robbery... Belgium

154

France

153

Spain

133

Sweden

86

Italy

51

Germany

48

Ireland

43

Austria

31

Switzerland

21

Norway

15

Hungary

9

Liechtenstein

7

The graph shows the average annual number of robberies recorded by the police per 100,000 inhabitants in the main European countries over the three-year period 2016-2018. Switzerland is amongst the countries with the lowest average number of crimes. (Source: Eurostat)

…and decreasing crime 500’000

400,000

300,000

200,000

100,000

0

2015 Criminal Code

2016

2017

2018

2019

Federal Act on Narcotics

According to the Swiss Police, the number of crimes committed in Switzerland has been steadily decreasing in recent years. The graph shows the trend in criminal and drug-related offences in Switzerland for the five-year period 2015-2019. (Source: Federal Statistical Office)

III



LUGANO IS THE ECONOMIC CAPITAL

OF ITALIAN-SPEAKING SWITZERLAND, WHICH INCLUDES THE CANTON OF TICINO AND GRIGIONI ITALIANO

09



THE QUALITY OF SERVICES

INTEGRATE AND LIVE WELL LUGANO OFFERS THE BEST OF THE SWISS VIRTUOUS MODEL, HIGH-QUALITY AND EFFICIENT SERVICES ARE A PREREQUISITE FOR WIDESPREAD WELL-BEING. Emphasizing that Switzerland is a safe country with a strong propensity for privacy and a low tax burden inevitably calls to mind countries where these conditions do not apply. However, a description by contrast does not do justice to the Swiss and, above all, Ticino context. The economic and social system are geared towards competitiveness, both internal and external, and the public and private sectors adhere to international standards. This is reflected in Lugano’s healthcare, public administration as well as education sectors. Pupils study a musical instrument, art, sport and languages - French, German and English - from primary and secondary school onwards.

11


THE QUALITY OF SERVICES

D U A L E D U C AT I O N S Y S T E M LI NK S S CH O O L A ND W O RK LUGANO’S HIGH QUALITY EDUCATION SYSTEM ESTABLISHES A DIRECT LINK TO THE WORLD OF WORK, REDUCING YOUTH UNEMPLOYMENT. The Swiss education system is not governed by a central education ministry, but is mainly under the responsibility of the municipalities, as far as preschool and primary schools are concerned, while secondary schools are managed at cantonal level.

The instruction language in Lugano’s schools is Italian; several private international schools in Lugano and the surrounding area offer multilingual education, from kindergarten to university, also with boarding options.

In this context, Lugano offers a very rich and articulated educational service, well distributed throughout the municipal territory, which guarantees a high-quality service to the entire resident population, from pre-school to higher education. Students can easily find a public or private school that meets their specific educational needs within a radius of a few kilometres. Schools can be reached quickly, often on foot, and are well served by local public transport. There are 21 public primary school sites in the city, as well as seven private institutions, including international ones.

One of the strengths of the Swiss education system is the so-called dual education system, which combines on-the-job training with lessons in a vocational school. Thanks to this system, apprentices receive a high-quality vocational education, which then gives them direct access to the labour market and helps to maintain an exceptionally low rate of youth unemployment throughout the country. This is one of the success factors of the Swiss economy. An apprenticeship lasts two to four years, depending on the profession. Those who choose the vocational path, can reach successive higher levels of education through extra training.

In addition to compulsory and high schools, both public and private, Lugano boasts state-of-the-art and competitive universities such as the Università della Svizzera Italiana (USI) and the University of Applied Sciences and Arts of Southern Switzerland (SUPSI), both with a large number of research institutes. USI and SUPSI, in addition to Bachelor’s, Master’s and PhD courses, offer an extensive catalogue of post-graduate specialisation courses. Access to university in most cases is unlimited (no “numerus clausus”), but applicants have to comply with specific procedures and enrolment deadlines: usually between February and April of the previous year.

12


STUDENTS CAN EASILY FIND THE RIGHT

ITALIAN-OR ENGLISH-LANGUAGE SCHOOL WITHIN

A FEW KILOMETRES, OFTEN WITHIN WALKING DISTANCE

13


THE QUALITY OF SERVICES

H EALT H F IRST HEALTHCARE FACILITIES AND SERVICES ACCESSIBLE TO EVERYONE, THANKS TO COMPULSORY INSURANCE. EXCELLENT TREATMENT CENTRES AND AN ENVIABLE LIFE EXPECTANCY. Lugano’s healthcare system is internationally recognised and is based on a private and compulsory health insurance organisation with treatment offered by public and private providers.

Lugano also proves to be a particularly welcoming city for people who have given up work and wish to maintain a high standard of living, with a state-ofthe-art health service and a vibrant cultural environment. It should be remembered, in this regard, that the Canton of Ticino holds the European record in terms of life expectancy: it is the only region in Europe, together with the Community of Madrid, in which average life expectancy exceeds 85 years (Eurostat data, 2019).

Medical facilities include hospitals, private clinics and specialist medical centres, such as the renowned Cardiocentro Institute for cardiovascular treatment, and the Istituto di Neuroscienze Cliniche della Svizzera Italiana. Medical centres also operate on a competitive basis, which leads to constant alignment with the most advanced medical practices and innovation in treatments and diagnostic equipment. All-round specialist coverage is provided: from maternity to orthopaedics, from neurology to cardiology, from aesthetic medicine to geriatrics. In total, more than 1,800 beds are available throughout the Canton of Ticino, equivalent to 5.2 beds per 1,000 inhabitants. Lugano also hosts highly specialised schools - such as the European School for Advanced Studies in Ophthalmology (ESASO), for continuing education for ophthalmologists - and is home to important international professional bodies, which allow constant exchange with local medical professionals. One of these is the European Society for Medical Oncology (ESMO).

The new facilities of Lugano’s “Ospedale italiano”, renovated in 2018

14


LUGANO’S NUMEROUS MEDICAL FACILITIES INCLUDE

HOSPITALS, PRIVATE CLINICS AND SPECIALIZED MEDICAL CENTRES, OFFERING OVER 1,800 BEDS IN TOTAL

15


THE QUALITY OF SERVICES

R EDUCED BU REA U C RA C Y, EFFICIEN T SERV IC ES TRANSPARENT LAWS, RAPID DECISION-MAKING PROCESSES, LOW COSTS: SWITZERLAND’S SUCCESS ALSO DEPENDS ON AN EFFICIENT ADMINISTRATION. Moreover, foreign citizens who choose to live and work in the region will find in Lugano specialised service providers that can accompany them , according to an integrated consultancy approach, i.e. a single point of contact to handle the various needs and requirements: from assistance in finding a house (or an office or manufacturing premises for a company) to the issuance of permits , from tax advice to insurance coverage and the search for the most suitable schools for their children.

The Swiss administrative apparatus is a fine example of bureaucracy at the service of its citizens who tend to trust their authorities, and are generally satisfied with the services the government provides. This seems to be quite a contrast to many other countries which witness growing political disenchantment among their citizens, facing increasing complaints about a too rigid and inefficient bureaucracy, and encounter political and administrative difficulties in finding solutions for the many pending policy challenges.

Finally, the Swiss social security system guarantees a generally peaceful environment, with low levels of social conflict and one of the lowest average crime rates in Europe.

For citizens, such an approach minimises problems and misunderstandings and provides advance knowledge of the procedures, timescales and costs of the various administrative obligations. Including the amount of taxes to be paid.

16


FOREIGN NATIONALS WHO CHOOSE TO MOVE TO LUGANO

CAN COUNT ON EXPERIENCED CONSULTANTS TO TAKE CARE OF ALL PERSONAL AND PROFESSIONAL MATTERS RELATED TO RELOCATION 17



THE TAXATION

A COUNTRY WITH MODERATE TAXES INTERNAL TAX COMPETITION AND EFFICIENT ADMINISTRATION ALLOW FAIR TAXATION OF INDIVIDUALS AND BUSINESSES. The Swiss tax system is known to be characterized by a generally low level of taxation, mainly resulting from internal competition between cantons and municipalities, while the Constitution limits the introduction of federal taxes. In this context, Lugano offers particularly attractive fiscal conditions for both individuals and companies. Examples include the flat tax reserved for the so-called ‘globalists’, i.e. foreign nationals resident in Ticino who do not work in Switzerland (the tax treatment of ‘globalists’ is discussed in detail on pages XI and XII of the insert “Lugano is tax friendly”), and the total absence of taxation on financial capital gains, inheritances and direct donations. Local regulations define in detail every possible scenario that may affect foreign citizens and businesses that choose to settle in the Canton of Ticino. Through the competent tax authority or the many fiduciary consultancies in Lugano, it is possible to determine in advance and with precision the tax burden for specific personal or corporate situations.

19


THE TAXATION

T HE IDEA L LO C AT IO N FOR YOU R C O M PA NY H EADQ U A RT ERS LUGANO-BASED COMPANIES CAN COUNT ON FAVOURABLE TAXATION, STRATEGIC LOCATION, TALENTED HUMAN RESOURCES, AND AN EXTENSIVE NETWORK OF INTERNATIONAL AGREEMENTS. Thanks to Switzerland’s political, economic and legal stability, Lugano is the ideal location for administrative headquarters, including of foreign companies. The tax environment is particularly attractive (see the in-depth analysis on pages V-IX of the insert “Lugano is tax friendly”).

professional diplomas), and with the countries of the European Free Trade Association (EFTA) and with a growing number of partner countries at global level. Currently, free trade agreements are in place with almost 40 non-European countries, including major Asian economies such as China, Japan and Indonesia. A trade agreement with India is currently being negotiated. Exporting companies can therefore count on preferential access to the main world markets for their goods and services as well as on increased legal certainty and predictability.

Moreover, Ticino offers a strategic geographical position, in the heart of Europe and next to the three main European markets: Germany, France and Italy. The languages of these three countries are also the official languages of Switzerland and the population is often fluent in two or three of these languages, along with English.

Finally, thanks to high quality of life and excellent overall working conditions, Lugano is very attractive to qualified foreign staff and managers and keeps talent in the country. The country is leading in terms of labour productivity; the labour market is characterized by liberal legislation, low levels of regulation and exceptional social stability.

Moreover, companies based in Lugano can benefit from Switzerland’s active free trade policy and of the trade agreements signed with EU countries (also adhering to the mutual recognition of

20


LUGANO IS TAX FRIENDLY


SWITZERLAND AND EUROPE Switzerland maintains a close cooperation with the European Union (EU), which is by far its most important partner. The SwitzerlandEU relationship has developed by means of an ever-tighter net of sectoral agreements which ensure a high level of integration between the two markets. Switzerland has signed double taxation agreements (DTA) with more than 100 countries – including all the EU and EFTA countries. These agreements prevent double taxation of income, wealth or inheritance and in some cases provide for reductions in withholding tax. Notoriously, the general standard of living in Switzerland is extremely high. However, in Lugano, the cost of living is comparably lower than in other large Swiss cities and combines with an attractive tax environment. Switzerland also enjoys a more balanced distribution of income than elsewhere. The graph on page III, shows that the purchasing power of Swiss citizens is above all other European countries. This contributes to maintain a dynamic economy and to the containment of social tensions.

II


High incomes and low inequality Luxembourg

28’943

Switzerland

27’268

Norway

26’706

Austria

23’687

Germany

22’693

France

20’471

Italy

18’099

Spain

16171

Portugal

11’602

Greece

9’765

Serbia

6’071 Values expressed in purchasing power standards

The graph shows the median ‘equivalised disposable income’ (i.e. income after deduction of government contributions such as taxes or social security benefits) in the main European countries, expressed in purchasing power standards (PPS), a notional monetary unit that eliminates differences in purchasing power between currencies. The median figure represents the income level below which 50% of the resident population falls. In 2018, the median income in Switzerland was 26,902, a figure 2.5 times higher than Portugal’s (10,871), 1.6 times higher than Italy’s (16,695), 1.3 times higher than France’s (20,300) and Germany’s (21,830) and 1.2 times higher than Austria’s (23,189).

(Source: Eurostat/Federal Statistical Office)

III



THE BENEFITS OF TAX COMPETITION The Swiss tax system offers two major advantages: regulatory stability and internal tax competition. The so-called “lump sum” taxation system or “expenditure-based” system offers an example of regulatory stability. This special taxation is reserved to foreign individuals with a high net wealth and important foreign source income and is comparable to a flat tax starting from CHF 140,000. The original rule dates back to 1934 and today remains a peculiarity of the tax policy of the Canton of Ticino. Internal tax competition, on the other hand, stems from the high degree of cantonal autonomy in the area of taxation, which generates a downward pressure on tax rates for both individuals and companies. In addition, municipalities also have significant tax autonomy, which also leads to differences between municipalities. At the same time, the federal government can only levy taxes within the narrow limits prescribed by the constitution. The value added tax (VAT), for example, is a federal tax. With a general rate of 7.7% (2.5% on foodstuffs) Switzerland has one of the lowest VAT rates among the OECD countries, differing greatly from Italy, the Principality of Monaco, France, Germany, Austria, or Slovenia or Lithuania, all in double figures, between 19 and 22%. To find conditions comparable to those in Switzerland, you have to move to another continent, such as Japan (where ordinary VAT is 8%) or Canada (5%).

V


TAX FRIENDLY Those who live in Lugano enjoy a low tax burden, among the lowest at global level, and high certainty and predictability, thanks also to the wide range of advisory services available in the city. The Cantonal revenue agency, the Lugano District Tax Office, adopts a collaborative approach, aimed at simplifying procedures, reducing disputes and retaining taxpayers in the Lugano area in the long-term. The main direct taxes of the Swiss tax system include income and wealth (i.e. assets owned) taxes, for individuals, and profit and capital taxes for legal entities.

INDIVIDUALS People living in Lugano are taxed according to two parameters: income earned and assets owned. Income tax covers all income earned anywhere in the world (worldwide income), but income from commercial activities or properties abroad are taken into account solely for determining the tax rate to be applied to income earned in Switzerland. A wealth tax is levied only at cantonal/municipal level on the difference between ‘gross assets’ (real estate, property, securities and bank deposits, dividends and interests etc.) and debts. On the other hand, no taxes are levied on capital gains from individual investments (capital gains on personal movable assets), inheritances and gifts to spouses, descendants and ascendants in a direct line. Capital income, in particular interests and dividends, is instead subject to a withholding tax of 35%, which is, however, refundable in cash or recoverable in full as a tax credit. It is also possible to reconcile pension contributions paid in other European countries.

VI


Foreigners who reside in Switzerland but do not work there, who are defined by tax legislation as ‘globalists’, can take advantage of the all-inclusive fixed annual levy - starting at CHF 140,000 - the details of which are described in the next chapter. ‘Expatriates’ - such as, for example, qualified personnel and company managers working in Switzerland for limited periods (up to 5 years) - can obtain tax relief in relation to expenses incurred in Switzerland.

LEGAL PERSONS The average level of taxation on companies domiciled in Switzerland is also attractive and the country ranks 16th in the list of countries with the lowest corporate taxation. (Source: BAK, Taxation index for corporations 2019)

VII


TAX LEGISLATION IN DETAIL INDIVIDUALS TAXABLE PERSONS AND PRINCIPLES OF TAXATION

Individuals are subject to taxation if they have a permanent or temporary residence in Switzerland. Residents are taxed according to the ‘worldwide taxation principle’ (e.g. income from business activities or real estate abroad is exempt, but is taken into account in determining the tax rate). TAXATION OF INCOME

Certain types of income (e.g.: dividends) may benefit from reduced taxation (e.g.: in Ticino, 70% taxation of qualified dividends). Business expenses and other social and family expenses may be deducted, with some differentiation between cantons. Tax rates are typically progressive, with the maximum rate at federal level of 11.5%. At the cantonal level, a rate of between 14% and 15% is applied to incomes between 300,000 and 1 million francs, while a multiplier is applied to the cantonal tax to calculate the municipal tax (a value that in Lugano stands at 77% of the cantonal tax).

CAPITAL GAINS

Capital gains on personal movable assets (capital gains) are exempt from taxation, unlike corporate capital gains. WEALTH TAX

This tax is levied only at cantonal and communal level. It is calculated on the “net wealth” of the individual (equal to gross wealth minus debts). Deductions and the applicable rate vary from canton to canton. There is no wealth tax at federal level. At cantonal level, a taxable estate of CHF 3 million is taxed at a rate of 3.5‰, while above CHF 4.2 million the rate is 3‰. For assets exceeding CHF 5 million, the tax is CHF 15,000 + 3‰ of the amount exceeding CHF 5 million. To calculate the municipal tax, the multiplier is applied to the cantonal tax (which in Lugano stands at 77% of the cantonal tax).

VIII


LEGAL ENTITIES The federal tax reform has introduced various measures to make Switzerland even more attractive to companies from 2020 onwards. DETERMINATION OF THE TAX BASE

The statutory annual accounts are the basis for determining taxable profit and capital. However, various deductions are allowed for tax purposes: - Write-down of receivables: 5% if domestic, 10% if foreign - Depreciation of stock: up to 1/3 - Depreciation: accelerated depreciation possible - Increased deductibility of 50% for R&D costs - Tax exemptions of up to 90% on ‘Patent Box’ income - Losses can be carried forward for 7 years and fully offset. FEDERAL CORPORATE INCOME TAX

The Swiss Confederation levies taxes on corporate profits at a fixed rate of 8.5% on earnings after tax. No capital taxes are imposed by the Swiss government. CANTONAL AND COMMUNAL CORPORATE INCOME TAX

The cantonal tax rate in Ticino has recently been reduced from 9% to 8% for the period 2020-2024. It will be further reduced from 2025 to 5.5%. Municipal rates are determined by applying multipliers to cantonal rates: in 2022, the municipal multiplier in Lugano stood at 77% of the cantonal rate. CANTONAL AND COMMUNAL CAPITAL TAX

A capital tax is levied annually only at cantonal and communal level. The basis for calculation is normally equity capital. Cantonal capital tax is 0.15%, while municipal capital tax is determined by applying a multiplier to the cantonal rate: in Lugano the multiplier is 77% of the cantonal rate. STAMP DUTY

Stamp duties are levied on certain legal transactions, such as issuing shares or trading in securities. The 1% rate on capital increases of Swiss companies is levied on the market value of the contribution; an exemption on the first million CHF applies.

IX


X


A FLAT TAX FOR THOSE CHOOSING SWITZERLAND Foreign citizens residing in Lugano who do not work in Switzerland can benefit from a lump-sum taxation, a special tax regime whereby Swiss income tax is levied on the basis of worldwide expenses (i.e. standard of living) rather than on taxable income. This tax regime, known colloquially as the “globalist regime”, was introduced in Switzerland in 1934 and provides for a one-off levy of about CHF 140,000, applicable on a minimum tax base of CHF 400,000 for income and CHF 2 million for movable and immovable property (the so-called “assets”). This is the inspiration behind the €100,000 flat-rate tax introduced in Italy in 2016 for persons transferring their tax residence to Italy. The difference is that the Swiss rule does not expire, while the Italian one is limited in duration (15 years). This is also the case for the ‘resident non-domiciled’ regime in Great Britain.

XI


TAXATION ACCORDING TO “EXPENDITURE” The minimum taxation of a globalist (i.e. a foreign national, domiciled in Lugano, who does not work in Switzerland), based on a minimum amount of expenses (“expenditure”) of CHF 400,000 and a taxable wealth of CHF 2 million, amounts to approximately CHF 139,000 for a single person resident in Lugano respectively to approximately CHF 135,000 for a married couple. For non-EU/EFTA nationals the minimum amount is CHF 750,000 and the taxable wealth is CHF 3’750’000, resulting in an overall tax burden of approximately CHF 286,000 for singles resident in Lugano, respectively approximately CHF 280,000 for a married couple. WHO CAN CLAIM TAXATION ACCORDING TO EXPENDITURE?

Individuals entitled to a flat-rate tax based on expenditure (i.e. the value of the expenses incurred by the taxpayer and his or her family members to maintain their standard of living) are taxpayers that: - Do not have Swiss citizenship (foreign nationals) - Are subject to unlimited taxation in Lugano for the first time or after an interruption of at least ten years - Do not pursue a gainful activity in Switzerland WHEN IS IT CONVENIENT TO APPLY FOR EXPENDITURE-BASED TAXATION?

Taxation based on expenditure may be advantageous in the following cases: - The tax burden turns out to be lower than under the ordinary tax regime - No, or insignificant, Swiss source income or “assets” (movable, immovable and financial assets) located in

XII


Switzerland in relation to the sum of the assets and income worldwide - There is significant foreign source income and assets, both movable and immovable, located abroad - The taxpayer wishes to make use of a simplified, flatrate tax procedure. The agreement concluded with the tax authority at the time the taxpayer enters Switzerland will be based on the specific situation of the individual taxpayer. On the basis of the taxpayer’s actual assets and worldwide income (and consequently the taxpayer’s likely overall annual expenditure), this tax base is then negotiated with the tax authority. By adhering to taxation according to expenditure, the tax documentation required from the taxpayer is reduced, which also means less paperwork and costs. THE ‘MODIFIED GLOBAL’ REGIME

For some countries it is possible to apply the so-called “modified global” scheme, which allows for: - Taking advantage of the total or partial exemption of foreign tax collected at source or of its refund by the foreign country - Benefit from the offset of the residual and irrecoverable foreign tax (tax credit) against the Swiss tax due. By opting for this “modified global” regime, the taxpayer agrees to have all of his or her income - i.e. both income from Swiss sources and income from the individual foreign countries included in the ruling (see list below) - taxed at the highest ordinary rate in Switzerland. In this way, he or she will automatically be recognised as a Swiss tax resident and will benefit from the applicable Double Taxation Agreement. The “modified global” regime applies to the following countries: -

Austria Belgium Canada France Germany Italy Norway USA.

XIII



TICINO HAS A STRATEGIC GEOGRAPHICAL

AND LINGUISTIC POSITION AND IS WELL CONNECTED TO THE MAIN EUROPEAN AND WORLD MARKETS

21



THE ECONOMY

L E ADER I N GLOBA L COMPETITIVENESS LEGAL CERTAINTY AND MARKET ECONOMY FAVOUR LONG-TERM DEVELOPMENT.

Switzerland has been among the top five countries as ranked by the World Economic Forum’s annual Global Competitiveness Report since 1979. Macroeconomic stability is the most important factor in Switzerland’s competitiveness. This is based on legal certainty, stable social and political relations, an environment conducive to long-term investment and an independent monetary economy. The quality of education and research, a fruitful cooperation between the public and private sectors, and an efficient market economy that promotes competition and ensures a moderate tax burden are additional factors that significantly contribute to the country’s competitiveness.

THE MAIN STRENGTHS OF THE SWISS ECONOMIC SYSTEM AT A GLANCE: Macroeconomic stability Market economy Entrepreneurial freedom Quality of education and research Competitive fiscal and financial policies Efficient infrastructures Flexible labour markets Secure energy supply Effective environmental protection

23


THE ECONOMY

THE CHALLENGE OF INNOVATION FROM PATENT PROTECTION TO TAX BREAKS FOR START-UPS, SWITZERLAND HAS BEEN ABLE TO EFFECTIVELY FOSTER RESEARCH AND INNOVATION. Lugano is linked to other Swiss economic and scientific centres and is home to important research institutes such as, for example, Dalle Molle Institute for Artificial Intelligence USI-SUPSI (IDSIA) and the Swiss National Supercomputing Centre (CSCS), which is part of the Swiss Federal Institute of Technology in Zurich (ETHZ) and boasts one of the most powerful supercomputers in the world.

Innovation is one of the main driving forces of the Swiss economy, thanks to the country’s excellent universities, large investment in research and development, top high-tech production and effective patents and intellectual property regulation. Private investments in innovative start-ups are treated favourably, with taxation limited to 1% for investments of CHF 50,000 or more. Lugano is the focal point between the north and south of the Alps for the innovation economy, which is at the heart of the city’s 2018-2028 development guidelines.

Thanks to the interaction with Lugano’s universities and the active participation of municipal and cantonal institutions - through incentives, tax breaks and the availability of dedicated spaces - the region is seeing an increase in the number of premises dedicated to emerging sectors, such as life sciences, the application of digital technologies to fashion, mechatronics and information and telecommunications technologies, as well as blockchain.

Innovation is also the main drive behind the Lugano Living Lab, or “L*3”, an interactive platform created in 2018 in collaboration with the Università della Svizze ra italiana (USI) as urban laboratory for the promotion of innovation that tests and implements new technologies in real-life conditions. Its ultimate goal is to improve the quality of services for the citizens, enhancing the quality of life, increasing the attractiveness of the region and encouraging cocreation and collaboration among all stakeholders. The plan also foresees the full accessibility of public data (Open Government Data).

24


SWITZERLAND HAS THE HIGHEST

NUMBER OF PATENT APPLICATIONS PER MILLION INHABITANTS IN EUROPE

25



THE TERRITORY

BETWEEN LAKE AND MOUNTAINS A THOUSAND DIFFERENT E N V I R O N M E N T S T O S E E , TO EXPLORE, TO LOVE.

Lugano has a population of just under 70,000 inhabitants and a large and diverse territory. Its mild climate and well-preserved natural heritage make it one of the most popular tourist regions in Switzerland. In German-speaking Switzerland, the region is nicknamed Sonnenstube (sun porch). From the gates of the city to the valleys, the territory changes constantly as the visitor moves from urban environments to the countryside and from hills to the Alps. Along the way you will encounter masterpieces of modern architecture, ancient churches and evidence of old local traditions.

SUNNY LUGANO

Berlin 1,705

Lucerne 1,423

Lugano 2,067

Zurich 1,589

Amsterdam 1,775 London 1,630

annual hours of sunshine

(Source: MeteoSwiss)

27

Dublin 1,450


THE TERRITORY

0 TO 2 ,000 M ET ERS IN 3 0 M INU T ES STRETCHING FROM THE LAKE TO THE PEAKS OF VAL COLLA, THE LUGANO AREA ENCOMPASSES A WIDE VARIETY OF ENVIRONMENTS, ATTRACTING TOURISTS, SPORTS ENTHUSIASTS AND FAMILIES ALIKE. The territory of Lugano covers 76 square kilometres and is second only to Zurich in size among the ten largest Swiss cities: from the urban area, near the lake, the landscape gradually changes into woods and pastures forming the green lung of the region, reachable in half an hour by car from the city centre, to the stunning ridge of dolomite rocks of the Denti della Vecchia (Hag’s Teeth). Lugano’s vast and diverse natural landscape is ideal for outdoor sporting activities: from swimming to stand-up paddling on the lake, from hiking to mountain biking on the slopes and from horse riding to paragliding. The town parks and easy hillside paths allow for medium and low-intensity physical activity for people of all ages. Old mills and ancient convents take visitors back in time as they wander through Val Colla. The area is filled with gems of antique and modern architecture, one such gem is the “Fiore di pietra” the restaurantlodge designed by the architect Mario Botta at an altitude of 1700 metres on top of Monte Generoso.

28


TICINO’S NATURAL LANDSCAPE

OFFERS ENDLESS OPPORTUNITIES

FOR OUTDOOR AND SPORTING ACTIVITIES

29


THE TERRITORY

L A D OLCE V ITA IN LU GA N O NOT ONLY PRECISION AND EFFICIENCY: LUGANO IS ALSO HOME TO A CULTURAL AND ARTS CENTRE OF EUROPEAN STANDING, A CASINO THAT HAS BEEN IN OPERATION FOR OVER TWO CENTURIES AND HUNDREDS OF INTERNATIONAL SPORTING EVENTS AND COMPETITIONS. The LAC (Lugano, Arte e Cultura) is Lugano’s main artistic and cultural hub; it offers 200 shows and a dozen exhibitions every year.

For gambling enthusiasts, the Casino di Lugano is the heir to the city’s first amusement arcade, opened in 1804, with several rooms and a wide range of games, including slot machines, roulette and card tables.

In addition to visual arts, LAC is also devoted to music and the performing arts. Thanks to the combined offer of LAC, MASI (Museo d’Arte della Svizzera Italiana) and MUSEC (Museo delle Culture), Lugano is a cultural crossroad between Northern and Southern Europe.

Lugano is also represented in professional sports at national level with numerous teams: football (at Europa League level), basketball, ice hockey (Champions League) and water polo.

Many independent operators, who curate and produce concerts, contemporary art exhibitions, theatres and leisure activities throughout the region contribute to the abundant and varied cultural offer of Lugano.

A moment of Pride 2018 in Lugano.

30


EXHIBITIONS, CONCERTS, THEATRE, CINEMA, SPORT, MUSEUMS, FESTIVALS AND A CASINO: ONE CITY COUNTLESS EMOTIONS

31


CONTA C T U S The City of Lugano is at your disposal. Contact us now by phone or e-mail.

Città di Lugano Piazza della Riforma 1 6900 Lugano Switzerland t. +41 58 866 71 09 relocate@lugano.ch

luganomycity

comunelugano Mon-Fri 7.30-12.00 13.30-17.00 www.lugano.ch

To see this magazine in digital format

www.lugano.ch/relocate

Photo credits Città di Lugano and Lugano Region: ©igorgrbesic (p.1), ©Enrico Boggia (Cover - back cover: Morcote - PP. 4,9, 10, 18, 26) ©Milo Zanecchia (Back cover: Monte Tamaro and San Salvatore - PP. 7, 17,13 , 21, 22, 28, 31), ©Davide Adamoli (p.29) Other sources: ©Enrico Boggia (Back cover: Denti della Vecchia), EOC© Alain Intraina (p.14) Layout and graphics Lucasdesign.ch The magazine is edited by the Lugano Economic Development Division


PRACTICAL GUIDE

Moving to

Lugano Switzerland


PRACTICAL GUIDE

MOVING TO LUGANO IN 6 STEPS

03 Compliance to other countries’ tax legislation

01 Preliminary analysis To identify all the relevant aspects to be investigated and to plan the transfer of one’s residence to Lugano.

02 Approach to Swiss taxation To analyse the fiscal implications of the transfer, according to the principles of Worldwide Taxation applicable in Switzerland.

2

To verify the conformity of the transfer with one’s personal tax situation in other relevant jurisdictions.


PRACTICAL GUIDE

05 Transfer

04 Request application for a residence permit

Learn about the practicalities that need to be considered when entering and staying in Switzerland such as admission rules and residence procedures.

In order to obtain (if needed) a permit to live and / or work in Lugano. Different permits exist. The “B permit” implies the change of civil and fiscal residence as in the case of a relocation.

3

06 Living in Lugano Find out about the requirements for buying or renting a home in Switzerland by foreigners.


PRACTICAL GUIDE

4


PRACTICAL GUIDE

MOVING MEANS CHANGING YOUR LIFE. AND STARTING A NEW ONE. The transfer process Transferring of residence is a process that requires a careful evaluation of many personal, fiscal and practical aspects. In this regard, it is recommended to contact professionals and experts in cross-border matters who are active in Lugano and registered with a professional association. References are available on the official website of the Canton of Ticino, www.ti.ch: Cantonal Register of Trustees www4.ti.ch/di/dg/fiduciari/albo-online Cantonal register of lawyers www4.ti.ch/poters/judicial-lawyer-andnotary-registry-cantonal-lawyers/

5


PRACTICAL GUIDE

01 Preliminary analysis Moving to a foreign city inevitably entails the need to look into a number of issues, such as taxation in both the country of departure and arrival, the possibility of accessing special tax regimes (e.g. “lump-sum taxation”), housing and schooling for children.

A careful preliminary analysis allows to identify the specificities of each case and the best possible planning.

6


PRACTICAL GUIDE

02 Taxation The relocation from abroad to Lugano should be carefully analysed and planned also from a tax point of view. Switzerland levies three types of direct taxes: - Federal Income Tax - Cantonal taxes on income and wealth - Municipal taxes on income and wealth Income and wealth tax rates are progressive. The total amount of wealth tax levied at cantonal and communal level reaches a maximum of 6 per thousand for a net wealth (all movable property owned) of CHF 5 million and above; exemptions apply, for instance in the case of real estate abroad. The municipal tax is determined by applying a percentage to the cantonal tax, which varies from municipality to municipality (municipal tax multiplier). Qualified foreign nationals (often referred to as “globalists”) can benefit from a special, “lump-sum” taxation regime based on expenditure, which corresponds to the total value of the expenses incurred by the taxpayer and his or her family members to maintain their standard of living (see in-depth analysis on pages IX, X and XI of the insert “Lugano is tax friendly”). This tax regime can be very advantageous for wealthy individuals who do not carry out any gainful activity in Switzerland (but who may possibly continue to do so abroad).

7


PRACTICAL GUIDE

For each country of origin, peculiar aspects must be taken into account, such as, in the case of Italy, the possibility of paying Italian pension in Switzerland without being subject to tax deductions. In addition, Lugano can be advantageous for estate planning. No inheritance or gift taxes apply to spouses, descendants and direct ascendants, including adopted children. Finally, in Switzerland individual capital gain is not taxed.

8


PRACTICAL GUIDE

03 Compliance with other countries’ taxation A relocation from abroad implies a series of considerations and analyses, including with regard to one’s personal tax position in the country of departure. In particular, in the case of a transfer from abroad to Lugano, there might be a presumption of residence in the country of origin, so attention must always be paid to relations with the foreign tax authorities. Tax professionals in Lugano can offer post-relocation tax services for the correct fulfilment of foreign tax obligations in the corporate, real estate and personal fields, which in some cases may still be mandatory despite the change of residence.

9


PRACTICAL GUIDE

04 Application for a residence permit Different permits exist to live or work in Lugano. For the transfer of residence it is necessary to apply for the “B” permit. EU/EFTA citizens who intend to settle and live in Lugano without carrying out any gainful activity (e.g. income earners or pensioners) must apply within 14 days from the date of entry into Switzerland, whereas workers must send their application before starting their activity. Several documents must be attached to the application, such as a rental agreement (or a pre-contract), a declaration of the applicant’s income and assets and a recent criminal record certificate. In the case of EU/EFTA nationals, the permit is issued if the applicant has sufficient financial means to support himself or herself and his or her family, has a suitable accommodation and a clean criminal record. The permit is valid for five years from the date of application. At the end of this period, it is possible to apply for a renewal it or for a ‘type C residence permit’. The time needed to issue a B permit, from the moment all the documentation is submitted to the authority, is approximately one month. During this period it is already possible to live and work in Lugano. Third-country nationals (non-EU/EFTA), on the contrary, must first submit their request and wait abroad for the decision.

10


PRACTICAL GUIDE

05 Transfer The following is a list of the main practical aspects and formalities required after relocating to Lugano, after sending the permit application or obtaining the permit. RESIDENTS’ REGISTRATION

After submitting the application, the applicant must notify the Lugano Residents’ Registration Office of their arrival within eight days. IMPORTING HOUSEHOLDS EFFECTS

The importation into Switzerland of personal property (works of art, watches, furniture, vehicles, etc.) is subject to a procedure that must be completed within six months of arrival in order to benefit from exemption from Value Added Tax on all imported goods. With regard to cars and other vehicles, specific procedures for registration and authorisation must be followed. DRIVING LICENCE

Certain foreign driving licences only allow to drive in Switzerland for a limited period of time, typically 12 months. After that it must be converted into a Swiss driving licence. HEALTH CARE

For workers with a regular residence permit, health insurance is compulsory. They must take out a health policy with a private insurance company. REGISTRATION OF EU NATIONALS LIVING ABROAD

Within 90 days of transferring your residence, you may be required to register the residence with the relevant authority, either in Switzerland or in the country of origin. 11


PRACTICAL GUIDE

Type of permit

Duration

Eligible persons/conditions

Permit B RESIDENT FOREIGN NATIONALS

5 years, renewable

• • • • •

Employees with contract >1 year Self-employed workers with actual activity Non-workers with sufficient financial means Students Individuals requesting family reunification

Permit L SHORT-TERM RESIDENTS

< 1 year

Permit C SETTLED FOREIGN NATIONALS (DOMICILE)

Unlimited

Permit G CROSS-BORDER COMMUTERS

5 years Employment contract < 1 year: duration equal to employment contract

YES

YES

Employees

NO

NO

• • •

EU-14/EFTA nationals: after 5 years of residence Other EU country nationals: after 10 years of residence Verification every 5 years

YES

YES

• • • •

Employees Self-employed workers with actual activity Residence in an EU/EFTA country Weekly return

NO

(Source: elaboration State Secretariat for Migration-SEM , information related to EU-citizens)

12

OPTIONAL

Students: 1 year, renewable

AccomResidence modation in CH in CH


PRACTICAL GUIDE

06 Living in Lugano Swiss legislation on the purchase of real estate by persons from abroad is rather strict. According to the Swiss Federal Act on Acquisition of Real Estate by Persons Abroad (the so-called “Lex Koller”), a person from abroad may only purchase a main residence if he or she actually resides in Switzerland and have a valid resident or settled foreign national permit (permit type B or C). This is why, in the case of relocation, foreigners usually first rent a house. Once the person has identified the property that he or she wants to buy and use as main home, a right of emption (or ‘right to buy’) can be signed through a notarial deed. However, this deed remains suspended until the person obtains a resident foreigner permit, and only then does it become legally effective. A foreigner domiciled in Lugano may, without authorisation, purchase a main residence (single-family house or owner-occupied flat) in his or her place of actual domicile. The purchase must be made directly by the individual in his or her own name.

13


PRACTICAL GUIDE

Individuals residing abroad may obtain authorisation to purchase a holiday home in Lugano, provided, as a general rule, that it does not exceed a net living area of 200 m2 and the land on which the property stands does not exceed a total area of 1,000 m2.

In accordance with consistent practice, larger areas are authorised automatically on proof of additional need up to 250 m 2 and to 1,500 m 2 respectively. In exceptional cases the limits may even be higher.

14



Città di Lugano Piazza della Riforma 1 6900 Lugano Switzerland t. +41 58 866 71 09 relocate@lugano.ch

luganomycity

comunelugano Mon-Fri 7.30-12.00 13.30-17.00 www.lugano.ch




SPECIAL CONTENT

EVERY CITY NEEDS A

PLAN

AND THIS IS OURS… On the 3rd of March 2022, the City of Lugano and Tether Operations Limited signed a Memorandum of Understanding to collaborate on Plan and transform Lugano into a center of excellence for everything bitcoin, blockchain and crypto. What is Plan ? Lugano’s Plan B, promoted by the City of Lugano and Tether, includes six main initiatives that are gradually being implemented to transform Lugano into THE PLACE TO BE for those interested in bitcoin, blockchain and crypto. From city-wide adoption of BTC, USDT and LVGA to a centrally located and attractive hub hosting startups and dedicated events, from a large investment pool to develop blockchain projects and education programs with student grants to mining R&D as well as a world class event, the “Bitcoin World Forum ”.


INVESTMENTS

100M+3M CHF

INVESTMENT POOL For startups to develop blockchain and bitcoin technology as well as to promote the relocation of activities that will bring expertise, know-how and people to Lugano. Additionally, a 3M CHF investment fund will be allocated towards developing tools and solutions to help local businesses integrate Bitcoin, Tether and LVGA payments.

EDUCATION

500+

STUDENT GRANTS Specialised training courses to foster education in bitcoin and blockchain technologies. Additionally, we will award 500+ grants to equip students and young workers so they are ready to fulfill the demand for blockchain-related roles and contribute to the growth of a new and exciting industry in Lugano.


HUB

Blockchain

HUB A hub to house 300+ blockchain experts and enthusiasts, designed to attract talent, encourage networking and knowledge sharing. The hub will also host a recreational space for meetups and workshops to further foster education and development.

CRYPTO PAYMENT

100%

TAXES & PAYMENTS IN BTC, USDT, LVGA Bitcoin, Tether, and LVGA will be accepted in Lugano to pay for public services. Individuals and companies will be able to pay 100% of their annual taxes as well as all any other public city services in crypto. Plan B will bring Bitcoin Lightning Network technology to private businesses and support them with the infrastructure and know-how necessary to integrate Bitcoin, Tether and LVGA payments building on the almost 300 local merchants that already accept the City payment token LVGA. By the end of 2023 Plan B aims to have over 1000 shops onboard, thus making it gradually feasible to live and work in Lugano without fiat money.


MINING

SUSTAINABLE MINING Lugano’s Plan B supports the decentralisation of the bitcoin network and the activation of sustainable bitcoin mining facilities in the region. To make this vision a reality, Plan B will actively support R&D and projects that are developing in this direction.

EVENT

October 26th-28th 2022

BITCOIN WORLD FORUM This Fall, Lugano will host the inaugural Bitcoin World Forum, a celebration of freedom, a meeting of the minds, a moment to connect and share ideas. Already confirmed speakers include some of the biggest name in the industry, such as Adam Back, Paolo Ardoino, John Carvalho, Samson Mow, ...

Make our Plan

your Plan !

Visit planb.lugano.ch and become a partner


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