Where should I setup a bank account in Lausanne?

"Expats considering retirement in Lausanne, should be aware that the cost of living is high, with expenses such as housing, healthcare, and groceries often being more expensive than in other countries. They should also know that Switzerland has a high standard of living, with excellent healthcare and public services. Switzerland has four official languages: German, French, Italian, and Romansh, and in Lausanne, the predominant language is French. Therefore, it would be beneficial to have a basic understanding of French before moving. Switzerland has a mandatory health insurance policy, so expats must ensure they are covered. The healthcare system in Switzerland is of a very high standard, but it is also one of the most expensive in the world. Switzerland is known for its efficient and reliable public transportation system, and Lausanne is no exception. Owning a car is not necessary as the city and the country are well-connected by trains, buses, and boats. Switzerland has a high level of safety and is considered one of the safest countries in the world. However, it's still important to take standard precautions and be aware of your surroundings. Switzerland has a unique tax system where taxes are levied at a federal, cantonal (state), and municipal level. Understanding this system can be complex, so it may be beneficial to seek advice from a tax professional. Switzerland is known for its outdoor activities, with Lausanne offering close proximity to both the Swiss Alps for skiing and hiking, and Lake Geneva for water sports. Swiss people value their privacy and personal space, so it's important to respect this cultural aspect. They are also known for being punctual and appreciating efficiency, so these are good traits to embrace. Finally, it's important to understand that while Switzerland is part of Europe, it is not part of the European Union, which can affect things like travel and trade," explained one expat living in Lausanne, Switzerland.

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GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!
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