Moving to Bormio by border crossing: pros and cons (cross-border guide)

Context

In a nutshell

The new agreement between Switzerland and Italy provides for the reduction of expenses for border workers, making the move to Bormio more attractive for those working in this sector.

Key facts

• New agreement between Switzerland and Italy. - Reduction of expenses for border workers. - Transfer to Bormio for border crossings.

On December 23, 2020, the new agreement between Switzerland and Italy was signed, which provides for the reduction of expenses for border crossers. This agreement entered into force on 1 January 2024.

The transfer to Bormio can be a good opportunity for border workers, but it is important to consider the pros and cons of this transfer.

Pro of the transfer to Bormio

• Reduction of expenses for border workers: thanks to the agreement between Switzerland and Italy, border workers can benefit from a reduction in expenses, such as the reduction of income tax, which can reach up to 10% for the years 2024-2028, according to the agreement of 23 December 2020. - Access to health services: border workers can access Italian health services, such as the hospital in Bormio, which offers high-quality and accessible services. - Job opportunities: Bormio offers numerous job opportunities in the service sector, such as in the tourism industry, which can be an opportunity for border workers to find work.

Against the transfer to Bormio

• Transfer costs: border crossings

Operational details

Practical analysis

The new agreement between Switzerland and Italy provides for the reduction of expenses for border workers, offering a good opportunity for border workers who want to move to Bormio. It is important to consider the following things:

• The reduction of expenses for border crossers, which can be about 30% compared to the previous regime. The possibility of moving to Bormio, which can be a good opportunity for border workers who want to live in a place with a good quality of life and a growing economy. The implications of this transfer, such as the need to change jobs or find a new job in Switzerland.

Concrete scenarios

A border worker who wants to move to Bormio could consider reducing expenses for border workers, which can be around CHF 1,500 per year. A border worker who wants to move to Bormio might consider moving to Bormio, which can be a good opportunity for border workers who want to live in a place with a good quality of life and a growing economy. A border worker who wants to move to Bormio might consider the implications of this move, such as the need to change jobs or find a new job in Switzerland.

Comparison

Before the transfer, border workers had to pay taxes in both Switzerland and Italy. After the entry into force of the new agreement, border crossers will not have to pay the

Useful tools to protect your net income

To reduce FX leakage, compare CHF-EUR exchange options and banks for cross-border workers.

Key points

Action

• To move to Bormio, border crossers must follow the following procedures:

1. Check if they are eligible for transfer. Under the bilateral agreement between Switzerland and Italy, border workers can move if they have resided in the Canton of Graubünden for at least 5 years. 2. Request authorization for the transfer. You can apply for authorisation online on the website of the Swiss Immigration Office (SEM) or at the Italian consular representation in Bellinzona. 3. Pay the fees related to the transfer. The transfer fee is CHF 150.00 and can be paid online or at the Italian consular representation in Bellinzona. 4. Move to Bormio. After receiving the authorization, the border worker can move to Bormio and register with the local Civil Registry Office.

CTA

• Use our salary calculator to determine how your salary will be affected by the transfer. 📊
• See our article on relocating your business for more information. ⚠️

Internal Links

• Salary calculator
• Article on transferring your business

Concrete examples

• A border worker who resides in Roveredo (GR) and works in Bormio can move to Bormio if he/she has resided in the Canton of Graubünden for at least 5 years. In this case, the transfer fee is CHF 150.00. * A border worker who resides in Bellinzona and works in Bormio cannot move to Bormio