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Swiss accounts: how to open a Swiss bank account?

Swiss accounts are recognized as one of the most reliable and respected in the world. The richest and most famous people of the world keep their money in Switzerland. However, ordinary entrepreneurs, holders of capital who need reliability and a high degree of confidentiality can also open an account in a Swiss bank.
Swiss accounts and Swiss banks offer a high level of service, security, and comfort for the client. And at the same time they provide wide functionality for those who are looking for different ways to invest, save and increase their own capital.
In this article we will talk about all the nuances associated with the Swiss accounts. After reading this material, you can not only understand whether you need an account in Switzerland, but also open an account in a Swiss bank.
Why open an account in a Swiss bank?
Swiss accounts: reputation
Swiss accounts: service
Swiss accounts: range of services
Swiss accounts: privacy
Who should open a Swiss bank account?
Who should not open an account in a Swiss bank?
What documents are required to open an account in a Swiss bank?
Reliability of deposits on Swiss accounts?
Do I need a minimum deposit and a minimum balance on Swiss accounts?
Can I open an account in a Swiss bank remotely?
Banking secrecy in Switzerland: does it exist?
How to open an account in a Swiss bank: step by step instructions
Why open an account in a Swiss bank?
First of all, let us see why depositors from all over the world are striving to get to Switzerland and open their own bank account here. There are at least 4 reasons for this that were previously relevant and continue to be so today.
Of course, there are some changes, new international requirements appear and even Switzerland has to adapt. But in general, experts identify 4 reasons why you should open an account in a Swiss bank: reputation, service, range of services and confidentiality.
Let’s go in order.
Swiss accounts: reputation
The first reason why the richest choose Switzerland is the reputation of the jurisdiction and its banking sector. For centuries, Switzerland has not been involved in wars (more than 500 years), is neutral, serves the financial interests of clients around the world.
The Swiss franc remains one of the most stable currencies in the world and instead of the usual depreciation, on the contrary, it only becomes more expensive. This attracts investors, although it entails some negative points.
The banking system as a whole has also earned a reputation as a reliable partner: security, confidentiality, speed – the distinguishing features of Swiss banks.
Plus the opportunity to get an individual approach in servicing and working directly with your assets. Read more in the section on Switzerland.
Swiss accounts: service
Another feature of Switzerland is the level of service. Especially if you decide to use the services of a historic bank or a boutique bank. Bankers are willing to work with you individually, provided that you invest on a deposit or current account of 500,000 dollars.
For those who are willing to invest a smaller amount suited general banks. But the quality of the service will not suffer at the same time: respect for the client and caring for his interests are the hallmark of Swiss bankers and banks.
Swiss accounts: range of services
Swiss accounts have been the center of financial life for several centuries, without exaggeration. During this time, developed not only a clear privacy policy, service system, but also a wide range of services.
Here you are free to choose the scheme of work, whether it is a regular checking account for everyday needs or a deposit account for savings, or an investment account for playing on the stock exchange and searching for new opportunities to earn money.
Not to mention the various financial instruments in which you are free to invest your money. You can start with the usual currencies, be it dollars or francs, and finish with securities of British companies that belong to Australian holdings.
Depending on the type of assets, you, as a non-resident of Switzerland, will be able to remove excess taxes. For example, according to the law, it is necessary to pay a tax of 35% on interest earned on deposits in francs. Despite the fact that now the rates for francs are negative, potential taxes are present. However, if you have a deposit in other currencies, there is no mandatory tax requirement in Switzerland – only where you are a tax resident.
Personal bank account in Switzerland in a privately-owned boutique bank
Swiss accounts: privacy
Separately, those who are going to open an account in a Swiss bank are interested in confidentiality in Switzerland. Here it is necessary to make a few explanations:
Banking secrecy still exists in Switzerland;
The privacy of depositors, including non-residents, is protected by law;
For the disclosure of data threatens punishment, including imprisonment.

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