Step by Step Instructions, information and tips for opening a Swiss Bank Account - Switzerland Banks
This page is to provide information about opening
a Swiss Bank account. I will give you free step-by-step
instructions and information about opening an
account in this most-respective banking jurisdiction.
There are three reasons why people choose
Switzerland to open bank accounts:
1. Privacy
2. Safety
3. Lawsuit protection
Privacy
Switzerland has very strict laws protecting
the privacy of account holders. In 1934, laws
went into place which are still enforced today,
such that if a banker reveals information about
a client’s account without his consent,
the banker can receive several months in jail.
Therefore, the existence of an account is extremely
private and bound by very strongly enforced
laws.
Because it is a very reputable country with
high regard for integrity, honesty and the strength
of the banking system, there are also laws to
prevent obviously criminal proceeds from being
sheltered in Swiss banks. Examples are proceeds
from theft, terrorism and drug trafficking.
If it is suspected that such an individual has
proceeds in the Swiss banking system, the case
will be taken before a Swiss judge. If the criminal
conviction is also a crime in Switzerland, then,
an only then, will the secrecy be lifted.
Tax evasion is not a crime according to Swiss
law. Therefore, a conviction in a foreign country
will not penetrate the banking secrecy laws.
In spite of this, Companies Incorporated strongly
recommends that you follow the laws of your
jurisdiction. Many countries, such as the US,
Canada and UK tax worldwide income. If you are
subject to such laws, we highly recommend that
you follow them.
Safety
Swiss banks are some of the strongest, safest
banks in the world. There are banks with over
$300 billion in assets and banks that are over
300 years old.
Very strict laws ensure that the bank hold
assets in proportion to the deposits on hand.
The asset-to-deposit requirements are one of
the most heavily enforced
The Federal Banking Commission (FBC), the agency
that regulates Swiss banks, create the essential
codes of conduct. The codes direct what constitutes
responsible industry practice or, in other words,
ethically correct management. For example, one
code of conduct is the Agreement on Due Diligence
(also known as "CDB," which stands
for the French "convention relative à
l’obligation de diligence des banques").
The CDB obliges banks to know their customers.
The FBC audits bank activities and monitors
the banks' conformity to these codes of conduct.
There are both required and suggested procedures.
Compliance with required procedures are enforced.
Suggested guidelines, on the other hand, are
voluntary.
Because the requirements and guidelines create
a web of complexity for opening an account in
a bank in Switzerland, it is important to have
a liaison that is very familiar with the details.
Companies Incorporated has been in business
since 1977 and has been establishing Swiss bank
accounts for many years. We have walked the
streets of Zurich and other banking cities and
have relationships with all major banks and
several other financial institutions.
Lawsuit Protection
I have a friend who is a private investigator.
He said if he knows your name and a little about
you, he can find any account in the US upon
which you are a signatory and can find your
bank balances down to the penny. Attorneys hire
him to perform assets searches before and after
they pursue legal cases.
He said if an account is offshore in a private
jurisdiction, such as Switzerland, that it is
almost impossible for him to locate the assets.
He said that about the only way he can find
assets offshore is to obtain the home, office
and cellular telephone records of the opposing
party. If they have called the offshore bank,
it leaves a path to the bank. So, therefore,
the secret is to only contact the bank by secure
email, Internet or by calling the bank from
a telephone from which you are not easily associated.
Here are steps in opening an account:
Step 1 in opening an account is to have a sizable
deposit available. Most banks require a deposit
starting at $1 million USD. Some banks will
allow accounts with a $500,000 USD opening balance.
Some banks will accept a lower deposit if necessary.
If much less of a deposit is available, there
are many strong, safe Caribbean banks that have
strict privacy laws. Contact Companies Incorporated
for details and to obtain specific recommendations
by calling 1-800-830-1055 or +1-661-253-3303.
Step 2 is to establish an offshore company.
There is simply too much of a gaping hole in
one’s financial privacy, asset protection
and lawsuit protection plan by having a bank
account in one’s own name. Any wire transfers,
checks, or other common types of deposits will
leave an obvious electronic or paper trail.
Wiring money to a privately held offshore company
does not leave an obvious trail back to the
account signer. The most recommended jurisdiction
in which to establish an offshore company is
the Caribbean island of Nevis (pronounced Knee’
– vuhs). A limited liability company (LLC)
in Nevis gives the strongest combination of
privacy of ownership and inherent asset protection
laws. That is, there are laws in Nevis, such
that, assets inside of a properly formed LLC
in this jurisdiction are protected from seizure
when the owner of a Nevis LLC loses a lawsuit.
You can use your Nevis company to own your bank
account in Switzerland.
Step 3 is to contact an organization with experience
in opening offshore bank accounts in Switzerland.
(This step can be completed simultaneously with
Step 2.) There are simply too many facets, risks
and complexities involved. So a very strong
recommendation is to get help. Companies Incorporated,
the company behind Offshorecorporation.com,
has years of experience in this specialized
field and has been in business since 1977.
To establish a Swiss bank account,
call OffshoreCorporation.com at 1-800-830-1055
or internationally at +1-661-253-3303. To
apply online, please click
here. To order an offshore company plus
account, please click
here.
