Opening a Swiss Bank Account
Why Switzerland?
Swiss banks were historically well-known for its privacy, stability and protection of client information and assets. Confidentiality and protection of personal data are the primary highlight that make Swiss bank accounts so popular with banking customers in the worldwide. Switzerland has unparalleled secrecy laws which are by far the strictest in the world. The Swiss Banking Law of 1934 made it criminal for Swiss banks to disclose the name of an account holder, so you can be sure that your privacy will be totally respected. The only way that your information would be revealed, is if a depositor be involved in a serious criminal act or in a financial issue.
How is it the procedure?
If you would like to open a Swiss bank account you must be at least 18 years old. Also the minimum deposit amount is required to open the account - depending on each bank the amount -. Banks will require customers to prove their identity with an official document, all documents must have the Apostille. In addition, the bank will ask you for documents proving the origin of the funds.
There are many Swiss banks that will allow you to open an account by mail or fax, which makes the process much easier, faster and from anywhere in the world. On the other hand, if you want to close your Swiss bank account, you can do it at any time with no restrictions or costs.
Moshe Strugano & Co has the knowledge and understanding necessary to achieve success in this procedure, adapting to the needs of each companies, institutions and individuals, choosing the Swiss Bank that will satisfy the client's needs to the greatest extent. Moshe Strugano & Co also provides global legal support in accordance to international regulations to avoid any obstacle that may arise.
Advantages:
-Most Swiss banks will issue a credit card with your account that you can use to make purchases, as well as withdrawals at ATMs in the worldwide.
-Your account can be in almost any currency.
-It is known for its upmost professionalism.
-If you are in Switzerland you can make a direct cash withdrawal, leaving no record of the access.
-Fees may be waived or lowered if you have a significant sum in the account or in an associated savings account.
-To prevent revealing your account number and name, most Swiss banks will send money from your account in the bank's name without releasing your identity.
-Low levels of financial risk. Some Banks, have a state guarantee in all accounts of up to 100.000 CHF. This means that Switzerland as a state guarantees you that amount.