Can Swiss company (100% owned by foreigner) buy property in Zurich ?

[troubled soul]

As Swiss does not allowed to own residential property as a primary residence.
What are the best option to own Swiss residential property ?
Like If I register Swiss company with 100% foreigner ownership. can this company buy home in Zurich ?

I am researching for How foreigner buying home in Zurich ?
What are their setup to buy home in Zurich ?

Do anyone have experience with it ?

Thanks

 

[wellington]

You buy property in Swiss in your own name, you then pay tax on it (wealth tax) annually.

 

[Sols]

Yes, a legal entity can own property in Switzerland. If the company is Swiss but owned by non-residents, I think you need the same type of permission as a non-resident individual.

But all in all, buying property in Switzerland is a quite easy process. Like most things Swiss, it's very efficient.

Owning property in Switzerland on the other hand is quite difficult and expensive. Property tax varies by canton and commune, but can reach over 1%. You also have to pay tax on 60-70% your potential rental income (Rental Value Tax) even if you aren't renting out. However, in combination with a mortgage, you can deduct some of it from taxes.

It's complicated. Make sure you have a good tax adviser/lawyer helping you.