Advice on asset protection, stability and above all privacy has been what has historically characterized Swiss Private Banking. Although it is true that with the implementation of the FATCA Regulation, which by its acronym translates into Spanish, the Foreign Account Tax Compliance Act, Banking secrecy has been violated, it still remains an excellent option for those looking to protect their assets or investment options.
How many banks are there in Switzerland?
At present, more than 400 banking entities within the Helvetic nation are counted among small agents and main banks.
Among those with the largest number of branches and are widely known are: Raiffeisen, PostFinance, Migros Bank, Bank Cler, UBS (Union of Swiss Banks) and Credit Suisse, the latter two being, respectively, the first and second banks. largest in the Swiss territory. Between the two they own 50% of the country's deposits.
Why open a bank account in Switzerland?
Swiss neutrality has resulted in a sovereignty highly respected by foreign nations, added to economic and political stability, has generated healthy conditions for its banking sector, making it a first-rate financial center and, in an obligatory reference within the International private banking.
Documentation required to open a bank account in Switzerland
The regulatory documentation for this procedure is as follows:
* Proof of identity (national identification document or passport).
* Proof of residence (Visa, proof of residence or work), as the case may be.
* Proof of address (Recent invoice for services such as water, electricity, landline or official correspondence).
Helvetica banking, as in other destinations, will request documentation and other supports duly certified by a notary, apostilled and, if necessary, translated into English.
How much money do I need?
If you are contemplating opening an offshore account in Swiss banking, it is important to specify that your main objective should be to invest a large part of the funds or sometimes all of it, so it is vitally important to be aware that it will not be a short-term relationship.
The minimum capital to open a private bank account in this financial paradise known as the mecca of the offshore world is US $ 1 million.
If you are contemplating the idea of opening an account or doing business in this financial paradise, Foster Swiss as an International consultant offers its clients advice on opening corporate and personal bank accounts and the constitution of various types of companies, representative offices and branches safely.
We have the largest network of specialists in each of the required areas, corporate lawyers, financial specialists, tax and tax advisers, all of whom are in-depth knowledge of each of the jurisdictions where we have a presence.
For more information on this issue or any requirement related to our services, you can leave us a message in the comments section or contact us directly through info@fosterswiss.com