Monday , December 23 2024
Home / le News / Swiss government approves post-Brexit deal on treatment of UK and Swiss nationals

Swiss government approves post-Brexit deal on treatment of UK and Swiss nationals

Summary:
Today, The Federal Council, Switzerland’s executive, announced it has approved a deal safeguarding the rights of Swiss and UK citizens after Brexit. © Melinda Nagy | Dreamstime.com The agreement is part of a package of deals being worked out as part of a plan dubbed “Mind the Gap”. Under the agreement, any UK citizen residing in Switzerland before Brexit will retain all of their existing rights for life. The same will apply to Swiss citizens living in the UK. When the UK leaves the EU, the bilateral agreements between Switzerland and the EU will no longer apply to the UK. The “Mind the Gap” agreement will then govern relations between the two nations. As well as residency rights, the new agreement covers social security and the recognition of professional qualifications. However, the

Topics:
Investec considers the following as important: , , , , ,

This could be interesting, too:

Investec writes Federal parliament approves abolition of imputed rent

Investec writes Abolition of imputed rent gets bogged down in complexity

Investec writes Swiss parliament accepts contentious budget

Investec writes Tourism one quarter of Switzerland’s traffic

Today, The Federal Council, Switzerland’s executive, announced it has approved a deal safeguarding the rights of Swiss and UK citizens after Brexit.

© Melinda Nagy | Dreamstime.com

The agreement is part of a package of deals being worked out as part of a plan dubbed “Mind the Gap”.

Under the agreement, any UK citizen residing in Switzerland before Brexit will retain all of their existing rights for life. The same will apply to Swiss citizens living in the UK.

When the UK leaves the EU, the bilateral agreements between Switzerland and the EU will no longer apply to the UK. The “Mind the Gap” agreement will then govern relations between the two nations.

As well as residency rights, the new agreement covers social security and the recognition of professional qualifications.

However, the agreement does not cover foreign nationals who arrive after Brexit. And, the existing rules apply until Brexit including any transition period.

Before signing the new agreement, the Federal Council will consult with relevant parliamentary commissions.

At the end of 2017, there were around 43,000 UK nationals living in Switzerland and around 34,500 Swiss citizens living in the UK.

More on this:
Government press release (in French) – Take a 5 minute French test now

For more stories like this on Switzerland follow us on Facebook and Twitter.

About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *