This page is to provide information about opening a Swiss bank account. Therefore, I will give you free step-by-step instructions and information about opening an account in this most respected banking jurisdiction.
3. Lawsuit protection
Switzerland has very strict laws protecting the privacy of account holders. As such, in 1934, laws went into place which are still enforced today. For example, if a banker reveals information about a client opening a Swiss bank account without his consent, the banker can receive several months in jail. Therefore, a clients connection to an account is extremely private and bound by very highly enforced laws.
Because it is a very reputable country with high regard for integrity, honesty and the strength of the banking system, laws are in place to prevent Swiss banks from sheltering criminal proceeds. For example, proceeds from theft, terrorism and drug trafficking will trigger alarms. If authorities suspect that such an individual has placed proceeds in the Swiss banking system, investigators will take the case before a Swiss judge. Then, if the criminal conviction is also a crime in Switzerland, then, an only then, will the secrecy be lifted.
Tax evasion is not a crime according to Swiss law. Therefore, a conviction in a foreign country will not penetrate the banking secrecy laws. In spite of this, General Corporate Services, Inc. highly recommends that you follow the laws of your jurisdiction. Many countries, such as the US, Canada and UK tax worldwide income. If you are subject to such laws, we highly recommend that you follow them.
In recent times, Swiss banks require asks for identifying information from clients of certain countries. They use this information to make sure that they report earnings for income tax purposes. For example, for us citizens and residents, banks will ask prospective clients to complete a form W-9 Request for Taxpayer Identification Number and Certification. The Swiss respect privacy but will not knowingly support the commission of tax evasion.
Swiss banks are some of the safest banks in the world. There are banks with over $300 billion in assets and banks that are over 300 years old.
Very strict laws ensure that the bank hold assets in proportion to the deposits on hand. The asset-to-deposit requirements are some of the most heavily enforced.
The Federal Banking Commission (FBC), the agency that regulates Swiss banks, create the essential codes of conduct. The codes direct what constitutes responsible industry practice or, in other words, ethically correct management. For example, one code of conduct is the Agreement on Due Diligence (also known as “CDB,” which stands for the French “convention relative à l’obligation de diligence des banques”). The CDB obliges banks to know their customers. The FBC audits bank activities and monitors the banks’ conformity to these codes of conduct. There are both required and suggested procedures. Compliance with required procedures are enforced. Suggested guidelines, on the other hand, are voluntary.
Because the requirements and guidelines create a web of complexity for opening an account in a bank in Switzerland, it is important to have a liaison that is very familiar with the details. General Corporate Services, Inc. has been in business since 1906 and has been establishing Swiss bank accounts for many years. We have walked the streets of Zurich and other banking cities and have relationships with all major banks and several other financial institutions.
I have a friend who is a private investigator. He said if he knows your name and a little about you, he can find any account in the US upon which you are a signatory and can find your bank balances down to the penny. Attorneys hire him to perform assets searches before and after they pursue legal cases.
He said if an account is offshore in a private jurisdiction, such as Switzerland, that it is almost impossible for him to locate the assets. He said that about the only way he can find assets offshore is to obtain the home, office and cellular telephone records of the opposing party. If they have called the offshore bank, it leaves a path to the bank. So, therefore, the secret is to only contact the bank by secure email, Internet or by calling the bank from a telephone from which you are not easily associated.
Step 1 in opening a Swiss bank account is to have a sizable deposit available. Most banks require a deposit starting at $1 million USD. Some banks will allow accounts with a $500,000 USD opening balance. Some banks will accept a lower deposit if necessary. However, if much less of a deposit is available, there are many safe Caribbean banks that have strict privacy laws. Contact General Corporate Services, Inc. for details and to obtain specific recommendations by calling 1-888-338-9868 or +1-661-253-3303.
Step 2 is to opening a Swiss bank account is to establish an offshore company. There is simply too much of a gaping hole in one’s financial privacy, asset protection and lawsuit protection plan by having a bank account in one’s own name. Any wire transfers, checks, or other common types of deposits will leave an obvious electronic or paper trail. Wiring money to a privately held offshore company does not leave an obvious trail back to the account signer.
The most recommended jurisdiction in which to establish an offshore company is the Caribbean island of Nevis (pronounced Knee’ – vuhs). A limited liability company (LLC) in Nevis gives the safest combination of privacy of ownership and inherent asset protection laws. That is, there are laws in Nevis, such that, assets inside of a properly formed LLC in this jurisdiction are protected from seizure when the owner of a Nevis LLC loses a lawsuit. You can use your Nevis company to own your bank account in Switzerland.
Step 3 in opening a Swiss bank account is to contact an organization with experience in opening offshore bank accounts in Switzerland. (This step can be completed simultaneously with Step 2.) There are simply too many facets, risks and complexities involved. So, a very strong recommendation is to get help. Fortunately, the people behind Offshorecorporation.com, have years of experience in this specialized field and the organization has been in business since 1906.
To establish a Swiss bank account, call OffshoreCorporation.com at 1-888-338-9868 or internationally at +1-661-253-3303.
To apply please call or complete the number on this page.
For a free consultation, call OffshoreCorporation.com at 1-888-338-9868 or +1-661-253-3303.
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I learned a lot about how exposed I was to lawsuits and judgements, I protected my wealth with several instruments.
- J.P. Dumini
I’ve learned that nobody wins in a lawsuit, the only way to ensure that you don’t lose, is to have something in place when you need it.
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