Open a bank account in Switzerland

Opening of an accountOpen a bank account in Switzerland can be any person or entity. Your account can be done in almost any currency of the world, although most choose the Swiss franc, U.S. dollar, euro and British pound.There are a lot of Swiss banks, which will allow you to open an account by mail or fax. There are also many companies that provide services to open offshore bank accounts.If you open your account by mail, the bank will send you all the necessary receipts and requirements for opening an account. One difference between opening an account in person and by mail is a mandatory requirement by the bank Apostilles, ie natariusom certified copies of documents (your passport, etc.).Since Swiss law requires that you specify the source of your capital, requires a fairly large number of certified documents to open bank accounts. Required documents include certified copies of your passport, documents proving your main source of income (eg, tax receipts, certificates of companies, professional licenses, etc.), documents evidencing the source of the money invested in the account (for example, an agreement on sale of businesses, homes , receipt of funds from the sale of securities, etc.).That is roughly what would be the list of required information when you open an individual account:the full name of the client;address of his domicile;telephone and fax numbers;date and place of birth;nationality;occupation;certified copies of the first four pages of passport client;certified copies of the latest receipts received when paying for utilities (such as payment for telephone, electricity), which reads the name and address of the residence of the customer;Documents certifying the source of the money invested in the account.When opening an account in a private bank might need help, advice (reference) from the other bank customers.Wanting to give you the best advice, the bank will ask about your plans for the future, such as those you are not going to buy a house, start my own business, etc.If you ask the bank to manage your investment portfolio, you will be asked a question of acceptable risk for you. In short, the more the bank knows about you, the best advice and services they can provide you with regard to your individual needs.The reasons for which you may decline to open an accountWhile most of the applications for opening an account are accepted, some clients still denied. For example, a bank can refuse to open accounts of persons who may harm the reputation of the bank, acting as clients. The Bank may also refuse to enter into banking relationships when there is doubt as to the origin of a potential client. The law prohibits Swiss banks to make money if they know or believe that such funds are derived from criminal or unlawful means.Choosing a bank account andIt should be remembered that the procedure for opening an account in each banking institution may have its own peculiarities. Almost all banks in Switzerland offer a wide range of services and impeccable follow the rules of confidentiality.You must clearly define what your goal of opening an account. When choosing a bank you will have to balance between privacy and the possibility of fiduciary account with respect to the Bank proiskhodzheniyu your capital, anticipated operations of the planned turnover of the account, etc.
If the shape of the main goals, your account may be:personal, for the purposes of savings and settlement abroadaccount for personal purchases and implementation costs, including and in the country of residenceCorporate: to calculate abroad with foreign partnersCorporate: For payment transactions with the country in which the beneficiaries are the companiesinvestment: for osuschetsvleniya investment in securities, real estate, land, etc.corporate deposit account: for storage of temporary free working capitaluniversal: for settlement and investment operations.Swiss banks have very strict rules regarding opening accounts. If you are interested in the Swiss bank has a subsidiary, branch or representative office in Russia, you should contact these agencies. If the bank is not represented in Russia should immediately contact the bank in Switzerland, which will provide you with the necessary further information.The cost of a Swiss bank accountOpen a Swiss bank account can be just 350 - $ 550 plus the amount of initial deposit. Bank charges are very competitive and interest rates are generally higher than in other countries. Managed accounts usually generate an annual profit of 8-15%. Most banking institutions in Switzerland are using the latest technological innovations, including Internet banking and investment strategies.Often, when opening an account a minimum deposit can be 100 - 200 thousand dollars. But there are also plenty of banks that work with customers and open active accounts with much smaller amounts. This also applies to bank charges and fees - the higher the amount of the deposit, the more flexible may be the behavior of the bank in matters of claims and lows.Remember that any being in Switzerland, a financial institution paying the interest or dividends required by law to withhold tax on income at a rate of 35%. Swiss taxpayers pay tax at the place of receipt of funds. Foreigners can claim compensation for the tax paid, if the country of their location with Switzerland signed an agreement on avoidance of double taxation.