Portuguese Nationals Recover €1 Million in Switzerland
Besides,1,000 Portuguese nationals have been registered on Switzerland’s platform Swiss Pension Now (SPNow), which helps them find out if they have money in their boxes, AtoZSerwisPlus.pt reports.
Renata Santos, responsible for the company in Portugal, told Lusa that more than a third or about 35 per cent, have managed to obtain some amount, totalling €1 million, stressing that the values found differ between €150 and €20,000
According to the Swiss Federal Financial Control body, around €5 billion Swiss francs were distributed in over 625,000 intact accounts relating to the second Pillar reforms, waiting for their owners to claim them.
A large number of Portuguese emigrants who worked in Swiss territory didn’t know about the money belonging to them.
This must have been a result of changes in Swiss law; in 1985, the pillar of social security, known as Compulsory Professional Pension, aimed to complement workers’ retirement.
However, a report from Portugal News notes that whenever there were changes in the employees’ journey, such as unemployment, return to their origin countries or working in a new company, it was necessary to transfer funds, which didn’t happen.
The amounts of money remained in several boxes and were not claimed by the workers.
The Swiss Pension Now platform was created in 2021 to inform the population of ex-migrants in Switzerland about the possibility that they still have retirement funds to receive without knowing it.
Miguel Farranem, last year, said that considering the high number of Portuguese who emigrated to Switzerland and all workers who have migrated since the implementation of the legislation, the value of the Portuguese is lost.
According to him, the company only charges for services when it discovers money to be recovered, without knowing the amount, stressing that last year’s success reached 60 per cent.
After Spain and the United Kingdom, Switzerland is the third country in the world to which most Portuguese emigrate. Based on the statistics provided by the government of Switzerland, 260,000 nationals are living in Switzerland.
At the same time, 5,379 Swiss nationals were living in Portugal by the end of 2021.
For the Employer
Are you looking to Hire? Let us help you find the perfect candidates!
Step 1: Fill out the employer's questionnaire. Please provide us with the necessary details about your job requirements and company. We'll use this information to customise our services for you. Fill in the form.
Step 2: Choose the best offer. Once we receive your completed questionnaire, we'll prepare a tailored proposal for recruitment, employee leasing, or outsourcing services.
Step 3: Welcome your new employee. We'll utilise our extensive network and resources to find the ideal candidate for your business. Please don't worry; we'll ensure favourable conditions for you and the employee.
Take advantage of exceptional talent for your company. Complete the employer's questionnaire today, and let us handle your hiring needs.
How can AtoZ Serwis Plus assist you?
AtoZ Serwis Plus will provide the services listed below to get a European Country work visa:
- Counselling: Get AtoZ Serwis Plus’ free counselling services.
- Job services: Avail of AtoZ Serwis Plus’ job search services to find jobs in European Country
- Reviewing requirements: AtoZ Serwis Plus reviews all your European Country work visa requirements.
- Application process: We also help in completing your application process
- Requirements checklist: AtoZ Serwis Plus also helps you in arranging the requirements for a European Country work visa
- Complete visa application support
- Assistance with collecting supporting documentation
- Visa Interview Preparation – if required
- Updates and follow-up with the Consulate
Willing to work in a European Country? Talk to AtoZ Serwis Plus, Europe’s no. 1 overseas immigration consultant.
Would you like some advice? So that you know, the information I've included here is for you to review. You'll always need to consult with your legal and tax advisor(s) and follow their guidance. AtoZ Serwis Plus cannot assist with legal or tax matters. The information presented is not specific to any particular company or workforce nor reflects how AtoZ Serwis Plus products are distributed in any jurisdiction. Instead, it is general. AtoZ Serwis Plus makes no representations or warranties regarding this information's accuracy, completeness, or timeliness. It shall not be liable for any losses from using or relying on it. It is your responsibility to exercise caution when using this information.
Disclaimer: atozserwisplus.pt is a FREE visa database and marketplace for immigration experts. This page's content does not provide legal advice. Before applying, kindly consult an expert.
