Financial success may make any investor a potential magnet for litigation. Wealth has never been as vulnerable as it is today. Indeed, loss of assets through lawsuits and legal awards as well as government action is spreading all over the world. To deal with these unprecedented threats to your wealth, The Sovereign Society, in conjunction with NMG International Financial Services Ltd, has developed two unique asset protection programs for our membership, both utilizing the Swiss insurance industry and both specifically designed to combine Swiss safety, privacy and rock-solid asset protection. Both are shielded from potential creditors under the guarantee of strict privacy and protection by Swiss insurance laws. Put the world-renowned stability and security of Switzerland, and its insurance companies, to work for you!
Switzerland and the European Union
The government has established an Integration Office under the Department of Foreign Affairs and the Department of Economic Affairs. To minimise the negative consequences of Switzerland’s isolation from the rest of Europe, Bern and Brussels signed seven bilateral agreements to further liberalise trade ties. These agreements were signed in 1999 and took effect in 2001. This first series of bilateral agreements included the free movement of persons. A second series covering nine areas was signed in 2004 and has since been ratified, which includes the Schengen Treaty and the Dublin Convention besides others. They continue to discuss further areas for cooperation.
In 2006, Switzerland approved 1 billion francs of supportive investment in the poorer Southern and Central European countries in support of cooperation and positive ties to the EU as a whole. A further referendum will be needed to approve 300 million francs to support Romania and Bulgaria and their recent admission. The Swiss have also been under EU and sometimes international pressure to reduce banking secrecy and to raise tax rates to parity with the EU. Preparatory discussions are being opened in four new areas: opening up the electricity market, participation in the European GNSS project Galileo, cooperating with the European centre for disease prevention and recognising certificates of origin for food products.
On 27 November 2008, the interior and justice ministers of European Union in Brussels announced Switzerland’s accession to the Schengen passport-free zone from 12 December 2008. The land border checkpoints will remain in place only for goods movements, but should not run controls on people, though people entering the country had their passports checked until 29 March 2009 if they originated from a Schengen nation.
On 9 February 2014, Swiss voters narrowly approved by 50.3% a ballot initiative launched by the national conservative Swiss People’s Party (SVP/UDC) to restrict immigration, and thus reintroducing a quota system on the influx of foreigners. This initiative was mostly backed by rural (57.6% approvals), suburban (51.2% approvals), and rural agglomerations (51.3% approvals) of Switzerland as well as by a strong majority (69.2% approval) in the canton of Ticino, while metropolitan centres (58.5% rejection) and the French-speaking part (58.5% rejection) of Switzerland rather rejected it. Some news commentators claim that this proposal de facto contradicts the bilateral agreements on the free movement of persons from these respective countries.
On 12 February 2016, voters of the Swiss confederacy rejected.
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