Bank account in Switzerland

Opening a bank account in Switzerland can provide you with many key advantages whether it be corporate or personal. More and more people are considering moving their accounts abroad. There are several reasons for this. The main reason being banking secrecy which is upheld in Switzerland with utmost credibility and reliability. Also, the Swiss neutrality plays a major role in this scenario which makes it the most popular jurisdiction for anyone interested in high bank secrecy and security. The Swiss banks enjoy an excellent reputation and standard for secure banking and their legendary banking secrecy. Key advantages for opening a bank account in Switzerland are listed below.

Account Privacy

When money is deposited into a Swiss bank account, bankers are required to keep this undisclosed. They are not allowed to disclose even the existence of a person’s account with the depositor’s consent. If drug trafficking, insider trading, or organized crime is suspected, this rule is subject to change. If, however, a banker discloses any information about a depositor under normal circumstances, the banker is prosecuted. The reason this protection is good is for people trying to hide money for some reason.

Deposited Money is Safe

Swiss banks are under the rule of the Swiss Bankers Association, or the SBA. Through the SBA, a Depositor Protection Agreement exists and through this agreement, all deposits are protected and covered. In the event of a bank failure, all depositors receive all money they’d deposited. Money deposited in a Swiss account offers virtually no risk whatsoever, and it is readily available upon demand with no questions asked.

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To avoid mistakes as you set up your new company, it is essential to seek advice. We would be happy to provide you with the best advice on how to set up your company abroad. We are offering you a short, intial, free and non-binding consultation via email. It will go a long to way to help you setup your company the right way.

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Tatjana Lintner

Key account manager at W-V Law Firm LLP

+44 2080783389 069 2475630-68 [email protected] Mo - Fr 09.00 till 17.00 CET

Tatjana Lintner

Key account manager bei W-V Law Firm LLP

+44 2080783389 069 2475630-68 [email protected] Mo - Fr 09.00 till 17.00 CET