New Delhi, July , 2021: Geneva-based IDDI Investment, a project of Switzerland For You, is planning to significantly step up its services in India to help HNIs, businessmen and young entrepreneurs with investments in Switzerland as well as relocation.
IDDI Investment provides a 360-degree consultancy for legal, contractual, and banking services, the identification of target distressed companies in sectors such as renewable energy, pharma/biotech, artificial intelligence (AI), blockchain, IT, and many more, all under one roof.
Besides India, IDDI Investment, a venture of a diversified group, is also actively working on plans to provide similar services to clients in China, Latin America, Russia, and the Middle East.
It offers possibilities to invest in real estate, joint ventures, and distressed companies in Switzerland said Switzerland For You SA’s Founder and CEO Mr Himanshu.
The company will soon be launching India-specific campaigns and roadshows.
The venture was initially started in January 2020 in Davos, the ski-resort town of Switzerland which hosts the World Economic Forum.
India has quite a good number of HNIs who have plans to invest in Switzerland, and several of them are considering relocation, said Mr. Himanshu, who has been living and working in Switzerland for the last 13 years and has promoted 3 Swiss companies with business interests ranging from Trading to Financial service.
“Rich Indian entrepreneurs have been looking for residence in Europe and the US for quite some time now, but the rapid spread of Covid has prompted many more to explore residency in Europe as it offers better health facilities and good quality of life.
“We are a one-stop shop to assist clients by connecting them to the right professionals for all business and legal requirements in Switzerland. We work closely with banks, real estate agents, lawyers, notaries, tax experts and relocation agents to provide you with efficient services,” said the 45-year old entrepreneur.
Mr. Himanshu said that he is keen to share his know-how of Switzerland and help Indian clients to benefit from the many advantages of living and doing business from Switzerland.
His network includes contacts within Cantonal Chambers of Commerce, Economic promotion offices, Real Estate agents, Relocation agencies and many more – allowing a one shop stop for the company’s clients.
Mr. Himanshu said the company’s rich database includes currently available as well as upcoming real estate projects all around Switzerland and distressed companies looking for investors.
Post-Covid, there is a preference for Swiss authorities to provide employment to persons already resident in Switzerland. However, with difficulties caused by the pandemic, the Swiss authorities are welcoming on foreign investments which can serve the economic interest of the country.
Many Indians post-Covid have started looking for a second home in developed nations that offer quality medical care, a clean environment, and a high standard of living. With a down-payment of 20% of real estate value plus usual notary costs and an interest rate of 1.5-3.0 % maximum per year, one can own a second home or a commercial building in the Swiss Alps.
The purchasing of a secondary residence is subject to specific rules and only permitted in certain regions of Switzerland.
“Swiss banks of course require financial transparency due to the automatic exchange of tax information”, said Mr. Himanshu.
Entering Switzerland legally with the right contacts requires a lot of time, connections and know-how. This is what we offer to our clients, tailor-made solutions for them in compliance with SWISS law’, he asserted.