The Unfaithful star will receive a lifetime achievement award for his decades spanning career at the Swiss festival.
Gere will receive the Golden Icon Award at a special ceremony on September 23, organisers have confirmed on the festival's official website.
Festival director Karl Spoerri said in a statement: "Richard Gere is an extraordinary man whose accomplishments in Hollywood are equaled by his humanitarian achievements.
"We're honoured to recognise his amazing career at the Zurich Film Festival."
Gere's upcoming movie Arbitrage will be screened during the festival, which begins on September 20.
Watch a trailer for Arbitrage below: