SwisSpirit Corporate Brand

SwisSpirit agit avec «cœur», «esprit» et «corps»

Alors que les marchés continuent d’évoluer et que la concurrence s’intensifie au sein des industries, les entreprises ne réussiront pas uniquement sur la base de leurs produits ou services. Bien que ces fonctions essentielles de l’entreprise soient incontestablement encore cruciales, d’autres aspects tels que la culture d’entreprise et la citoyenneté d’entreprise ont augmenté en importance relative pour déterminer la capacité d’une entreprise à être compétitive. En conséquence, le succès d’une entreprise du 21ème siècle sera défini autant par ce qu’elle est que ce qu’elle fait. 

La personnalité du label SwisSpirit est définie en fonction de trois dimensions principales, chacune pouvant être définie en fonction de deux traits clés: le «cœur» (passionné et compatissant), le «mental» (créatif et discipliné) et le «corps». (Agile et collaboratif). Ces trois paires de traits de personnalité de SwisSpirit ont un effet interactif.

La passion est notre moteur de créativité. La créativité, à son tour, facilite notre agilité, et la discipline nous permet d’être plus productifs car les règles du jeu sont clairement établies entre nos partenaires. En bref, SwisSpirit maximise ces trois dimensions et six traits afin de créer les effets synergiques.

Qu’est-ce qui nous rend unique ?

Sur quoi reposent nos longues collaborations et la confiance de nos clients ?

 « Swisspirit » , la singularité suisse

La qualité helvète combinée avec une tradition de la confidentialité et des relations clients très personnalisées. Un accompagnement durable mais aussi une réflexion et une action inscrites dans la durée.

Rapidité et efficacité

Accès simple et direct au marché, processus décisionnels courts, proximité avec les clients.

Qualité

Nos compétences techniques élevées garantissent un service d’une qualité irréprochable et axé sur les résultats.

Processus et structures clairs

Ils garantissent une mise en œuvre optimale des projets dans le respect d’un délai et d’un budget impartis.

Garantie

Nous réalisons nos missions conformément aux prescriptions professionnelles et éthiques de notre métier.

Vastes connaissances du marché et compétences techniques étendues

Nous comprenons l’activité de nos clients et avons une connaissance approfondie du marché en termes de concurrence mais aussi de cadre légal et réglementaire.

Nos valeurs

Nous prenons en considération ce qui vous rend unique et nous vous proposons des solutions sur mesure selon vos besoins spécifiques. Nous savons que ce sont les personnes qui font la différence et nous avons pour mission de créer ainsi un avantage concurrentiel et une valeur durable pour votre entreprise.

Partenariat

Nous travaillons en partenariat avec des dirigeants et des individus uniques, pas seulement avec des entreprises. La réussite à long terme repose sur des relations durables et de longue haleine et sur un dialogue ouvert et impartial avec nos partenaires. Dépasser les attentes de nos clients est la récompense ultime de notre modèle commercial axé sur le client. En tant que partenaires, nous attachons de l’importance à des relations bien établies, avec un taux élevé de fidélisation, un indicateur clé de performance dans notre profession. Notre approche du partenariat constitue donc la base d’un modèle commercial qui est construit pour durer.

Indépendance

L’indépendance est essentielle là où l’éthique et les valeurs d’une entreprise sont en jeu. Nous travaillons en tant que partenaire indépendant et privé et nos activités ne sont liées à aucune «politique mondiale» ou pression d’une entreprise, nous ne suivons aucun modèle de croissance ni ne prévoyons d’expansion à tout prix, en particulier celui des clients. Nous ne sommes pas cotés en bourse et le fait d’être indépendants de considérations financières à court terme nous permet d’accepter un mandat uniquement si nous pouvons garantir de l’accomplir avec succès. En tant que partenaires de nos clients, nous sommes tenus à la transparence et à l’honnêteté absolues lorsque nous fournissons des conseils et de l’aide.

Confiance

L’essence d’un vrai partenariat est la confiance et établir cette confiance est toujours une question de temps, mais pas uniquement. Nous avons pour ambition de devenir le consultant le plus fiable du marché. Par conséquent, nous consacrons également une part d’énergie à construire des relations et à entretenir un dialogue permanent avec nos clients. Nous assurons une discrétion et une confidentialité absolues à chaque individu avec lequel nous traitons, qu’il soit client, ou tout autre partenaire commercial. Nous traitons nos partenaires avec respect et nous nous comportons avec dignité et délicatesse. Nous agissons toujours dans l’intérêt de nos clients et de nos partenaires.

Excellence

Nous partageons une passion pour le professionnalisme, la qualité et l’engagement au service du client. Dans tout ce que nous faisons, nous visons le plus haut niveau de qualité et nous avons l’ambition de dépasser les attentes de nos clients. Chaque client peut compter sur notre vaste connaissance du marché et sur notre capacité à mobiliser les meilleurs talents disponibles pour chaque situation spécifique. Nos résultats sont exceptionnels grâce à un engagement total, une vigilance absolue et un maximum d’efficacité et de détermination.

Innovation

Nous encourageons l’innovation et les nouveaux développements qui sont un facteur déterminant pour notre stratégie commerciale et nous efforçons toujours d’anticiper les besoins de nos clients et d’élaborer en permanence des outils, des techniques et des solutions innovants. Nous proposons des conseils et des solutions créatives, prévoyons les tendances et nous tenons toujours informés des activités commerciales de nos clients. Et, surtout, nous investissons massivement dans la formation et le développement de notre personnel.

 

SwisSpirit INSURANCES & EXPERTISES

Whatever your sector, SwisSpirit has innovative, integrated and accessible solutions that enable you to enhance the performance of your employees and get more from your production and operating resources so you can reduce your costs.

What you gain with SwisSpirit

  • A single contact who is neutral and independent of any insurance company
  • A detailed analysis of your risks and the implementation of risk controls
  • Global management and monitoring of your insurance portfolio
  • Tailored solutions that are consistent with your risk policy
  • Assistance, follow-up and defence of your interests if an incident occurs
  • An overall reduction in your costs

FOR YOUR INSURANCE NEEDS

The core business of the SwisSpirit Group is insurance broking, and we offer an all-encompassing service.

We will devise solutions that best meet your needs under the most advantageous conditions for both your company and your people.

Our independence vis-à-vis the insurance companies is a guarantee of the full transparency of the solutions we offer.

Our specialist staff can advise you on

INSURANCE OF ASSETS

Movable and immovable property, equipment, corporate and product liability, transport, vehicle fleet, directors’ and officers’ liability (D&O)

OUR SERVICES

  • Portfolio analysis
  • Drafting of tender documents and definition of comparisons and benchmarks
  • Optimisation of insurance cover and premiums
  • Legal assistance
  • Assistance in the event of an incident

INSURANCE OF EMPLOYEES

Occupational pensions, sickness, accident and loss of income

OUR SERVICES

  • Analysis of pension plans and sickness, accident and loss of income insurance
  • Tender process
  • Optimisation of insurance cover and premiums
  • Legal assistance, with particular reference to employment legislation
  • Information for policyholders
  • Assistance in the event of an incident

 

PUBLIC TENDER ASSISTANCE

SwisSpirit assist clients with public tender processes on a regular basis.

We have developed a unique and proven method for the transparent and efficient market launch of your risk management and insurance offerings. Our expert staff will provide specialised support on a day-to-day basis, with full or partial outsourcing options available.

OUR SERVICES

  • Analysis and planning
  • Structuring of the format of your products/services
  • Drafting of the specification
  • Assistance in formulating and presenting your answers to questions
  • Clearly drafted bid proposals
  • Document verification

INTERNATIONAL SOLUTIONS

In partnership with  international network, we can manage every aspect of the implementation and coordination of international programmes and programme communications.

OUR SERVICES

  • Formulation of international solutions (Master programme)
  • Insurance audit in the countries concerned
  • Optimisation of local cover
  • Access to the expertise of our specialists in the various countries
  • Advice on legal and tax issues relating to international insurance

AREAS OF SPECIAL EXPERTISE

OUR SERVICES

CREDIT, POLITICAL RISKS AND MARITIME

AVIATION

SwisSpirit is a leading full-service player in aviation insurance Broker

Whether you are a glider pilot or own a fleet of planes, we can advise you on the best product for you and negotiate the best price and cover.

SwisSpirit also has special relationships with the organisers of air shows, airports and manufacturing and maintenance companies.

We can find cover for:

  • Civil liability, aircraft (comprehensive) and passenger accident
  • War, including regions in crisis
  • Corporate liability
  • Organiser civil liability
  • Personal accident
  • Loss of licence

INSURANCE Art Collections

 Your art is close to your heart. And to ours.

You are an art collector and have invested a great deal of time and passion in your collection. You are an owner or a curator of a corporate collection and form the company image by your cultural activities. You are an art consultant and look after private and corporate collections.

Regardless of whether the collection is currently built up or already «complete». Wether at home or on your company premises, in your holiday home, at a restorer, framer or photographer or on loan at an exhibition.

The SwisSpirit Fine Art Insurance Policy

The insurance coverage of an SwisSpirit fine art insurance policy protects you from financial and emotional surprises.

Where an artwork has been destroyed or stolen, the accurART all-risk coverage compensates the loss. If your art object is damaged, we take care of the best possible restoration. If, however, a depreciation remains, this will also be compensated for.

Not an off-the-peg Fine Art Insurance

We do not offer any off-the-peg fine art insurance. Every art collection is unique, every art collector has individual needs. We take care of them and find the optimum balance between cost and coverage together with you.

We tip the scales with our many years’ experience and our network within the fine art insurance market.

Because your art is close to your heart. And to ours.

 

Galleries and Art Trade

Personality and quality. Also our recipe for success.

As a gallerist of contemporary art, you are the gatekeeper for the young artists’ career. As art dealer you convey established values of Classical Modernists or have an unfailing eye for Old Masters, icons or tribal art. Your personality and the quality of your offer are the key to your success.

Everything what you also may expect from your fine art insurance, and even more from your fine art insurance broker.

SwisSpiritART, your specialised Fine Art Insurance Broker

Whether you maintain traditional business models, or you are concerned with blockchains, art leasing or e-commerce. SwisSpiritART knows how to comprehensively cover your financial risks. Art and commerce are not opposites for you. Neither for us.

The SwisSpiritART all-risk coverage protects you against loss and damages.

Fine Art Insurance according to your business model

At the art storage, during the presentation or in transit from the artist to you. On view at potential buyers, during fine art fairs, art exhibitions or transports. Your own portfolio, works on consignment or on approval. The exhibition architecture, your archive or library. All this is covered by your insurance policy.

Your expenses will be kept within limits. As our individual approach assures, that coverage corresponds with your business model. Too much is too expensive. Too little can be expensive.

Not available off-the-peg. Personality and quality are also our recipe for success.

SwisSpirit FINANCE ‘Business Developpment’ & Formation and Administration of a Swiss financial company

Our clients are Swiss and mainly international entrepreneurs, and business men and women. We administer, in their best interests, holdings, foundations, financial companies and trading companies with varied activities in Switzerland.

Management & Administration is OUR EXPERTISE  

Switzerland is one of the world’s most attractive countries for set up a financial company since regulations are liberal and the legal framework is stable.  Swiss financial company is regulated by various laws such as the Swiss Code of Obligations (CO), the Swiss federal law on financial services (FinSA), the Swiss federal law on financial institutions (FinIA), the Swiss federal law on money laundering (AMLA) and the ordinance on financial institutions (FinOI)

SWISSPIRIT FINANCE  

SwisSpirit Finance is very active as financial intermediaries in the following fields:

Wealth management

Trustees

Financial advice for businesses and individuals

Advice in the field of insurance and pension funds

Services relating to factoring, credits and leasings

Securitisation services

Creation of structured products

Block-chain financial technologies such as crypto-currencies and crypto-assets

Para-banking services

Private banking services

Advisory services for mortgages/real property loans

Negotiation of precious metals

Negotiation of currencies

Credit cards

The procedure for incorporating a financial company is relatively simple and rapid. A Swiss financial company must be founded by a deed recorded by a public notary and the initial amount of capital is CHF 100 000. A board member or a director must reside in Switzerland. The company must then be recorded in the Trade Register. The liability of financial establishments and their organs is governed by the provisions of the Code of Obligations.

The FinSA law (inspired by the European regulation MiFID II) contains the rules of conduct that financial companies must respect towards to their clients and requires financial intermediaries to provide appropriate information and advice. Members of management must have the professional qualifications necessary for exercising financial activities and they are only able to exercise their activity in Switzerland if they are recorded in a register of advisers and if they have taken out a professional civil liability insurance or provided equivalent financial guarantees.

The FinIA Law fixes the requirements governing the activities of financial institutions with the aim of protecting investors and clients of financial establishments and ensuring the proper functioning of the financial market. The banks, securities traders, wealth managers and trustees are subject to the FinIA. In addition, depending on the amount of capital under management, special conditions as regards capital and qualified staff must be fulfilled.

Before beginning its activities, the financial company must also register with a supervisory body overseen by the FINMA (Swiss Financial Market Supervisory Authority) in order to be in compliance with the Swiss federal law on combating money laundering and terrorism (AMLA).  When establishing business relations, the Swiss financial company, as a financial intermediary, must verify the identity of clients, requesting documents in proof. These due diligence obligations are compulsory. Consequently, a qualified AMLA compliance officer and an AMLA auditor must be appointed.

Swiss financial companies file each year their financial statements with the tax authorities but the results are not made public.

SwisSpirit sets up and manages financial companies for Swiss and international clients Our experience in founding companies and bringing them into compliance with Swiss legislation, and in the administrative management of financial companies along with our network of top-ranking banking partners allows you to focus on what matters the most: the development of your financial activities.

 

 

OUR SERVICES to Swiss financial companies

Setting up financial company in Geneva, Zurich, Lugano and Zug

Qualified member of the board of directors residing in Switzerland.

Legal services

AMLA compliance officer services

Opening bank accounts

Accounting and Taxes

Administrative management of human resources

In today’s world, compliance and corporate governance are of the most importance to every business might it be large or small, local or international. As the right structure is the key to successful business development, SwisSpirit Finance proactively supports you in every strategic stage of your business in Switzerland and worldwide.

At SwisSpirit Finance, we help you make the right choices to add value to your existing business and provide efficient business support and Swiss company administration services. We are on your side to implement effective solutions at competitive prices to provide your business with the flexibility, value and responsiveness it needs so that you can concentrate on what matters the most: your business development.

The formation of a company in Switzerland is a formal procedure since it requires an officially recorded deed drawn up by a public notary. The founding capital must be deposited in a bank account that must be opened before the company is incorporated. Consequently, it is paramount for these stages to be accomplished by experts who can advise you on the choice of the best legal structure.

We provide advice both on founding and creating simple structures and on complex structures such as a Swiss private limited company (SA), Swiss limited liability company (Sàrl), Swiss subsidiaries of international companies, holdings, branches, Swiss branches of international companies, public-interest trusts, associations, financial companies, wealth management companies, family trusts and other trusts.

SERVICES OF FORMATIONS & SETTING UP of companies in Switzerland, holdings and foundations

We accomplish all the administrative formalities for the formation and administration of your financial or trading company, holding company, or Swiss foundation registered inZurich, Lugano, Zug or Geneva, and its recording in the Trade Register. For this, we prepare the articles of association and the founding documents, and we represent you before banks, the solicitor and Swiss authorities.

We regularly advise and administer financial companies, trading companies, holdings, and private or public utility foundations in Switzerland.

Nominee director in Switzerland, Swiss director or administrator

Switzerland requires companies and foundations to be represented by at least one person resident in Switzerland. An administrator, a manager or a director must therefore meet this requirement. 
We can propose a nominee director a Swiss director or a local manager to meet this condition and represent your company before authorities in Switzerland or internationally. Your administrator, nominee director or Swiss director is experienced and trustworthy, and strictly follows your instructions to protect the best interests of your trading company, holding company or Swiss foundation.

 

Services of administration of trading companies, holdings and foundations

SwisSpirit Finance deals with all standard tasks, notably:

Accounting management and tax declarations

Account auditing

VAT declarations in Switzerland and Europe

Payroll management

Secretarial services and dealing with correspondence

Management of compulsory insurance policies

General administration

Swiss work and residence permits

We can carry out additional tasks depending on the case, such as obtaining the Swiss work permit or residence permit for you or your staff.

We also offer administrative assistance for customs or transport formalities for merchandise import-export departments and the processing of related administrative documents. 

And we BELIEVE that makes us an ideal PARTNER.

SwisSpirit GLOBAL MORTGAGES

What we do

We specialise in procuring terms for clients with complex financial requirements for high net worth mortgages. The more money one has, the more complicated it seems to get, and various changes to government policy in recent years has made proving you can afford a large loan all the more challenging.

You can no longer self-certify your ability to service a loan and affordability criteria has become more stringent. As such, a lot of lenders may be put off by clients who don’t have a ‘vanilla’ income structure. For example, being self-employed, above a certain age with only rental income, or wishing to use bonus income as security can be obstacles our clients have encountered before approaching us at SwisSpirit.

This is why it is now imperative to instruct a whole of market mortgage broker who can look after your property financing requirements, regardless of what they are. SwisSpirit has access to over 250 lenders both in the Switzerland and abroad and, as such, manages to succeed where other brokers have failed.

It is rare for our high net worth client pool to have simply one asset – they may have a buy to let investment property in Geneva Zurich or London and a holiday home in Marbella or Dubai, for example. Having a broker who can assist with the financing of these assets, be they residential or commercial, development or international investment, is extremely valuable.

SwisSpirit doesn’t only have excellent relationships with lenders, we also pride ourselves on being able to refer our clients to specialist partners to help with every part of the mortgage process – including tax, legal and foreign exchange.

Whatever your property financing requirements, we have a specialist team in place dedicated to finding the best and most efficient solution.

 

Geneva Mortgages

With its extremely high living standards, low tax rates, and stable economy, Switzerland has long been a popular destination for HNW individuals. Geneva has an abundance of luxury hotels, jewellers and restaurants.

A recent report placed Geneva as having the world’s second highest density of millionaire inhabitants, whilst the property market has been on an upwards trajectory for the last 20 years.

What you need to know

Foreign buyers require an appropriate Swiss residency permit, and investors should bear in mind that there is a cap on the number of non-resident property purchasers per year.

Swiss mortgages are highly regulated—but this is against a backdrop of extremely low interest rates, so foreign investors should take this into account.

Investors should be aware of Switzerland’s internal administrative structure; the country is divided into 26  cantons’, which all operate with  relatively high amount of autonomy, meaning rules and regulations can vary. For example notary fees can increase by up to 1.5% across cantons.

Legal fees and taxes are between 3.5-5%.

 

Dubai Mortgages

Glamorous Dubai isn’t just a business and transport hub for the Middle East. It’s also a world-class luxury destination, offering boutique shopping and innovative architecture. The UAE real estate market has taken a big hit over the last couple of years, so there’s a surplus in the supply of luxury units available.

As such, there are some excellent deals to be had for investors. Whilst rental values have also fallen, investors can still achieve 6-7% on good property. It’s important to invest in more established communities, like Dubai Marina and Downtown.

What you need to know

You’ll need personal insurance when taking out a mortgage here, which can be arranged by our in house insurance brokerage, SwisSpirit Global Insurance.
Only UAE banks can lend in Dubai, although some private banks have local partners.

Investors from around the world can purchase in Dubai, but some—such as Iranian and Syrian nationals—will face more stringent LTV restrictions from many banks.

Be aware of local customs and procedures: there’s no ‘conveyancing’ as such, as this is done by the estate agent, but some of the larger agencies have their own in-house sales progression teams.

 

Marrakech Mortgages

If you have ever visited the city of Marrakesh (also known by the French name of Marrakech), situated in the mid-southwestern region of Marrakesh-Safi, Morocco, you will know why demand for Marrakesh mortgages is so high. This is a beautiful part of the world and one which continues to attract property investors and Marrakesh finance mortgage providers. The city is just a relatively short flight from Europe and boasts beautiful weather, which has led to the creation of numerous golf resorts set against stunning scenery.

The Marrakesh mortgage market caters for not only those looking for apartments and luxury homes in the city of Marrakesh (often referred to as the Medina) but also the array of stunning villas with extensive grounds on the outskirts. In just a few miles you can go from the hustle and bustle of city life in Marrakesh to the laid-back, peaceful and tranquil country life in the nearby Hivernage region. It is not difficult to see why Marrakesh is proving to be one of the more popular luxury property markets in the region.

Buying property in Marrakesh

While it is safe to say that the Marrakesh mortgage market is developed, those looking to invest in the area will need to be aware of local regulations. On the surface the purchase of a property in Marrakesh, and indeed across Morocco, appears fairly alien to overseas investors. It is therefore important that you take local advice regarding the process to ensure that you abide by the rules and regulations and protect your investment. As a rule of thumb we tend to allocate around 12% of the purchase price to cover local taxes.

Unfortunately, under-declaring the full purchase price of a property has in the past been a widespread practice across Marrakesh and Morocco. While some may see short-term benefits to this practice, when you go to sell your property this can cause problems. As a consequence, we prefer to abide by the local rules to ensure no unexpected surprises further down the line.

Developed mortgage market in Marrakesh

While mortgages in Marrakesh will need to be repaid in the local Dirham currency, surprisingly this does not mean you have to open an account in the country. Securing mortgage finance in Marrakesh is relatively straightforward in theory as long as you know who to talk to and the information they require. There is no shortcut to mortgage finance, there are rules, regulations and criteria, but we have access to the full market as a consequence of our independent status. This has allowed us to build up very close relationships with both domestic and international mortgage providers to the benefit of our clients.

We know the information they require, how to present it and what assets and income the mortgage finance companies will take into consideration. Using an array of retail and private banks we can put together a basic mortgage arrangement or one which may be complicated by residency, worldwide assets and different currency income streams. It is our ability to structure a deal around your specific circumstances which allows us to present the finished article to mortgage providers.

 

French Alps Mortgages

Prime luxury ski chalets in the French Alps are a highly secure option for HNW property investors. Like the Côte d’Azur, this area offers both true lifestyle and pure investment value.

There is a dearth of supply but huge demand, which means Alpine property is appreciating rapidly in value. Beginning a private banking relationship can be complicated, so it’s important to consider your finance options early, using a broker with access to a wide range of lenders.

What you need to know

Retail banks have a high appetite for mid-sized loans for chalets in hotspots such as Chamonix and Morzine. These lenders often offer higher LTVs, as
well as credit-only relationships, which do not require the placing of AUM with the lender.

If you do wish to approach a private bank, you will likely have to place AUM, because private banks will typically only lend in the area as a route into managing a client’s assets.

Seasonal lettings provide a lucrative income stream for investors.

Legal fees and taxes can range from 3.5-7.5%.

*Project costs include acquisition, notary fees and taxes, renovation/development works, arrangement fees and rolled-up interest.

 

Monaco Mortgages

Monaco, officially the principality of Monaco, is a sovereign city-state located on the French Riviera. Often shrouded in mystery, the Monaco lending market is viewed as complex by many on the inside and outside. The Monaco mortgage market is unique; everything is negotiable from interest rates to assets under management, from loan structure to charges. However, to secure the best Monaco mortgages you need to have access to the wide range of commercial and private banking groups.

Monaco finance team

We have an office in the heart of the Monaco banking and finance sector where we are able to utilise our experience and contacts to the full. Aside from the unique characteristics of the Monaco financial services sector, there are further considerations such as the language, etiquette and principles. Here at Enness we have spent many years researching the Monaco market, building our contacts and constantly updating our knowledgebase. This has opened many new doors and opportunities to create an array of bespoke mortgage deals with private banking groups.

Monaco property market

The Monaco property market has a reputation as the world’s premier home for high net worth individuals. The stunning views over the coast, the relaxing Mediterranean climate and a favourable tax system have attracted international investors and business people from around the world. The insatiable appetite for finance in Monaco is well known although for some of the complex financial arrangements can prove challenging.

When looking to acquire property in Monaco you will find that $1 million buys you just 15 m² of prime real estate. There is a cost to living the high life in Monaco, but the glitz and glamour of

Monte Carlo, and its famous Carré d’or together with the beautiful beaches of Larvotto make it all worthwhile. The Monaco real estate market is extremely liquid, fast-moving with deals often concluded in just a couple of weeks. This proactive attitude fits perfectly with our Monaco financial services team and our intimate knowledge of local property market intricacies.

Securing a mortgage in Monaco

We are specialists in HNWI bespoke mortgage arrangements and this fits perfectly with the Monaco mortgage market. There are many unique characteristics of the Monaco financial sector such as the following lending criteria:-

  • On properties valued up to €5 million it is possible to arrange 85% finance with no assets under management
  • With as little as €1 million pledged under an asset management arrangement it is possible to fully finance a €5 million property acquisition
  • Where finance requirements exceed €5 million there is great flexibility with assets under management requirements of between 20% and 50% of the loan value
  • For outright purchase, refinance and equity release, interest only mortgages are available with a term of between five and seven years
  • Capital and interest repayment mortgages can often exceed 20 years in length
  • The Monaco lending market facilitates all currencies
  • Hybrid financing instruments taking in fixed-rate, variable-rate, tracker, capped and more flexibility are readily available

It is quite often a case of who you know, not what you know, when it comes to arranging finance in Monaco. Reputations open doors, knowledge secures finance and with lending often time critical, we are experienced hands in closing the deal.

 

London Mortgages

Multicultural London is a global business centre, offering prestigious addresses and world-class educational institutions. As such, it has retained its popularity with worldwide investors, despite Brexit uncertainty and tax changes.

The ultra-prime residential market has stalled over the last two years, but there are clear signs of recovery. There are a wide range of private, niche and investment banks who can comfortably work with complex global clients, and presently low interest rates mean borrowing can be cheap.

What you need to know

Most private banks will lend in the region of 60-65% LTV, with some pushing to 85% for exceptional clients. AUM are not always required, but if so, will range from a flat £500,000 up to 30% of the loan amount. This is usually asked for in cases where the client has a particularly complex profile, or is looking to improve the interest rate.

Buy-to-let mortgage finance is typically based on the rental income generated by the property, and is available at 65-75% LTV. The rental income will need to cover 100-150% of the monthly mortgage payments; however, this is less important for clients with sufficient income or wealth.

Some lenders have detailed criteria regarding age, nationality or the availability of interest-only mortgages. Strong income or wealth profiles allow for these to be bypassed.

 

Côte D’azur Mortgages

countries_COTE DAZUR

The French Riviera provides one of the world’s most prestigious property markets. Offering not only investment but true lifestyle value, this location looks set to continue attracting global HNW individuals for many years to come.

However, this is not to say that purchasing property along the Côte d’Azur is restricted to the wealthiest of investors. Throughout the French Riviera, there remains a wide range of properties for purchasers of holiday homes and seasoned commercial developers alike.

What you need to know

The Côte d’Azur is a more liquid area than locations like the Alps. For this reason, there are more opportunities for “marchands de biens” to invest in property without placing AUM, which is appealing for those who do not wish to initiate a private banking relationship.

Clients who are prepared to embark on a new private banking relationship can secure loans on a 100% gross LTV basis, with 20% of the loan amount to be invested with the lender for the life of the loan. Liquid clients with a diverse range of assets may need to place even less.

Legal fees and taxes can range from 3.5-7.5%. *Project costs include acquisition, notary fees and taxes, renovation/development works, arrangement fees and rolled-up interest.

 

New York Mortgages

countries_NEW YORK

New York is widely considered 2018’s most desirable spot for HNW investors. Like London, political uncertainty has done little to dampen the global appeal of the city that never sleeps.

The financial heart of the United States, New York’s thriving culture, gastronomic excellence and luxury boutiques make high-rise living an appealing option for HNW clientele. Limited supply on the island of Manhattan keeps prices high, but regeneration in the outer boroughs offers good opportunities for savvy investors.

What you need to know

Many apartment blocks in Manhattan are
‘co-ops’, in which you buy shares in the corporation entitling you to a proprietary lease, rather than buying an individual unit.
Exclusive ‘co-ops’ often have intensive screening processes and are difficult to rent out; look for a ‘condo’ for more flexibility.
Unlike in Europe, dry loans are readily available for higher loan amounts, i.e. $3million USD or above.

Lake Como Mortgages

countries_LAKE COMO

Northern Italy offers stunning views and a relaxed lifestyle envied by visitors from around the world—and Lake Como represents the pinnacle of the area.

Home to celebrities and HNW individuals alike, beautiful properties are in no short supply; the region is famed for the handsome villas lining its shores.

Property finance for foreign investors can be difficult to come by in Italy, due to a limited number of lenders. However, Lake Como’s global appeal makes it one of the easier spots to find a mortgage in.

What you need to know

Lake Como offers a long rental season for property investors, due to its favourable climate.

The ultra-luxury rental market in Lake Como has the potential to be extremely strong: villas in the
region are reported to rent for over €100,000 a week.

100% gross LTV mortgages are available
on a capital repayment basis, with 40% of the loan amount to be invested with the lender for the life of the loan.

Land Registry taxes: €200
Legal fees: 1-2%.
Notary fees: 2.5-3%.
Registration tax: 2% for main residence/ 9% for non-residents

International Commercial Finance

INTERNATIONAL COMMERCIAL FINANCE

We are able to obtain a mortgage for any commercial property generating an income, and we can do this regardless of global location.

Securing finance overseas can be challenging, especially if you don’t speak the language, or aren’t familiar with the country’s financial processes. Our international expertise and network of lending contacts enables us to navigate the intricacies of different markets and legal jurisdictions.

WHAT DO YOU NEED TO KNOW ABOUT INTERNATIONAL COMMERCIAL FINANCE?

There are a number of challenges when it comes to international commercial finance, the main one being knowledge of the local market. Whether you need guidance on legal, tax, FX, or valuations, our commercial finance team has relationships with experts across the world, so can put you in touch with all the appropriate parties.

Each country has its own legal jurisdiction and being able to transcend this is key to the efficiency of the process. Likewise, each country has a unique tax system so your broker at SwisSpirit will make sure you are speaking to right people to ensure you are adhering to the correct structure.

How a lender approaches an international commercial finance case will vary according to a number of factors; location, asset type, political risk and exit strategy.

Location is important as the property’s desirability will play a role in the exit of the loan and, therefore how it is financed. Furthermore, the asset type itself will also be a factor of its end value to the lender should they ever be in ownership of it. Essentially, the exit strategy is key – a lender will need to be sure the property will sell should they ever end up in possession of it.

Political risk, in terms of location, will also determine a lender’s willingness to lend on an asset. In some European countries, for example, you will need the approval of a local mayor to purchase, so having contacts who can help is invaluable. This is where SwisSpirit can help thanks to its established network of trusted contacts.

HOW CAN ENNESS HELP WITH INTERNATIONAL COMMERCIAL FINANCE?

We work with banks who can offer trade finance, helping clients with business finance, real estate, and foreign exchange (FX), so we can help with all your commercial financing requirements.

SwisSpirit has worked hard to grow an extensive network of trusted lenders across the world so we can put you in touch with lenders, legal and tax advisers, valuers, and FX specialists to ensure your international commercial finance is completed efficiently.