Dubuis &
Bourdeau
Bourdeau
DUBUIS & BOURDEAU, YOUR PARTNER IN SWITZERLAND BASED IN SION, ZUG & ZÜRICH. REAL ESTATE, COMPANY FORMATION, SUM LUMP TAXATION, RELOCATION TO SWITZERLAND, REAL ESTATE, EXECUTIVE SERVICES. BUYING A PROPERTY IN SWITZERLAND. SELLING YOUR PROPERTY IN SWITZERLAND. REAL ESTATE & FINANCIAL SERVICES IN SWITZERLAND.
BANKING IN SWITZERLAND
Switzerland is one of the world's major financial centers. Its banking system is internationally recognized for the quality of its services.
The centuries-old bank tradition, the law system, the extended, strong network of the international links, the absolute safety - all this makes the Swiss banks to be the attractive financial institution of a capital investment. Swiss banks currently manage a third of the world’s private assets that are invested abroad, which puts them in a leading position. They therefore represent the world’s largest offshore financial center – ahead of most other cities in like London, New York and Frankfurt.
All banks in Switzerland are regulated by the Federal Banking Commission (FBC), which derives its authority from a series of federal statutes.
Having a Swiss bank account is not the privilege of super rich people and dishonest government officials. There’s nothing illegal about having a Swiss bank account. Swiss banks have earned a worldwide reputation for providing sophisticated, discreet banking services. They have a premier reputation for managing investment portfolios for their clients.
Switzerland is one of the world's major financial centers. Its banking system is internationally recognized for the quality of its services. The centuries-
All banks in Switzerland are regulated by the Federal Banking Commission (FBC), which derives its authority from a series of federal statutes.
Having a Swiss bank account is not the privilege of super rich people and dishonest government officials. There’s nothing illegal about having a Swiss bank account. Swiss banks have earned a worldwide reputation for providing sophisticated, discreet banking services. They have a premier reputation for managing investment portfolios for their clients.
UBS and Crédit SuisseOf the 360 or so banks in Switzerland, the two largest are UBS and the Crédit Suisse. These two banks together account for over 50 percent of the balance sheet total of all banks in Switzerland.
Cantonal Banks
Switzerland is made up of 26 official cantons, or states. Currently, there are 24 Cantonal banks. Cantonal banks are either 100 percent-owned or majority-owned by the cantons. Individual Cantonal Banks operate primarily in the market of their home canton. All the Cantonal Banks account for around 30 percent of banking business in Switzerland.
Switzerland is made up of 26 official cantons, or states. Currently, there are 24 Cantonal banks. Cantonal banks are either 100 percent-
Raiffeisen Banks
With over 1,200 locations throughout the country (the highest number of branches), the Raiffeisen Group is Switzerland's third largest bank. Raiffeisen Group banks have strong local roots and have been around for more than a century.
With over 1,200 locations throughout the country (the highest number of branches), the Raiffeisen Group is Switzerland's third largest bank. Raiffeisen Group banks have strong local roots and have been around for more than a century.
Private Banks
Switzerland's private banks are individually owned, have collective and limited partnerships and are among the oldest banks in Switzerland. They focus primarily on asset management for private clients and do not publicly offer to accept savings deposits.
Switzerland's private banks are individually owned, have collective and limited partnerships and are among the oldest banks in Switzerland. They focus primarily on asset management for private clients and do not publicly offer to accept savings deposits.
Is there a Minimum Opening Deposit?
Some banks do require a minimum deposit. This minimum balance differ greatly from bank to bank and from account to account
Private bankers and other banks offering private banking and wealth management services do always require a minimum deposit.
For non-
150’000 CHF / 150’000 US$ / 100’000 EURO if they are EU residents
300’000 CHF / 300’000 US$ / 200’000 EURO if they are non-
For numbered Swiss bank accounts, we only provide services to clients who wish to deposit a minimum of:
400’000 CHF / 400’000 US$ / 250’000 EURO if they are EU residents
500’000 CHF / 500’000 US$ / 350’000 EURO if they are non-
Inheritance Tax
If you want to pass on your account to your family you're in luck because there is no inheritance tax in Switzerland. However, you are responsible for declaring the holdings to their country's tax authorities, however.
Earning interest
If you maintain your account in Swiss Francs you will earn a small amount of interest, but will then have to pay the Swiss withholding tax. For this reason, most account holders that don't live in Switzerland have their Swiss bank account in some other currency such as U.S. Dollar, British Pound or Euro. When you do this, your money can be put into a money market fund and will earn interest there.
Taxation
Swiss residents pay 35 percent tax on the interest or dividends their Swiss bank accounts and investments earn. This money is namelessly turned in to the Swiss tax authorities.
Swiss residents pay 35 percent tax on the interest or dividends their Swiss bank accounts and investments earn. This money is namelessly turned in to the Swiss tax authorities.
For non-residents of Switzerland there are no taxes levied on those earnings, unless:
• You're a U.S. citizen and invest in U.S. securities from your Swiss bank account (if you do, you need to report it to the IRS).
Closing your account
You can close your Swiss bank account at any time with no restrictions or cost. You can get your money immediately and invested money as soon as it is liquidated.
What we can do for you
It is useful to know from the beginning that it is not easy to open a bank account in Switzerland, and especially, for the new clients who are unknown to the bank. Some banks accept unwillingly the customers with a small capital, while the other banks are specialised in a certain area of service and prefer to select the customers depending on a type of investment which the customer would like to operate with. There are more than 400 banks in Switzerland, and all specialize in one way or another into a specific customer segment. Knowing these differences between Swiss banks and their internal policies and organization is the key to locating the bank that will provide a given client with the best possible service with only the restrictions made necessary by Swiss law.
We specialize in helping international clients open the Swiss bank account that will match their needs. We are not a bank and offer neutral advice and assistance in selecting and opening the right account for your needs in the right bank. We assist you through the entire account opening process, by mail or in person, guiding you step-
Using our bank introduction services, provides you with neutral, objective advice about what bank will best answer your requirements, then make sure you are assigned the best available account officer in that bank. Finally, we will make sure the opening procedure is as quick and straightforward as possible.
Setup Mode
A Swiss Bank account can be opened in person or by mail, depending of your citizenship, your country of residence and the type of bank account you desire. For example, a numbered Swiss bank account can not be opened by mail.
You can not open a Swiss bank account entirely via the Internet, because technical and legal reasons prevent the customer identification procedure from being carried out entirely online via the Internet.
You can not open an “anonymous” account, the bank must know who you are. Anonymous accounts at Swiss banks exist only in the imagination of movie producers.
To open a bank account in person
To open a bank account by mail
For company accounts
For more information, please read our FAQ and do not hesitate to contact us.
A bank might also refuse to start a banking relationship if it has doubts about the origins of the potential client's funds because Swiss banks are forbidden by law to accept money which they know or must assume stem from crime.
Different banks in Switzerland have different bank account opening requirements including different account charges and minimum balance.
How much does this service cost ?
Assistance and introduction for opening a Swiss bank account prices on request
Assistance and introduction for opening a numbered Swiss bank account prices on request
Beware of companies that promise you a Swiss bank account for a low price !
Refund Policy
If, for any reasons we cannot open your account or the bank denies you to open an account, we will give you full refund for what you have paid for. But if you decide to cancel after placing order you will NOT be given refund.
To open a bank account in person
To open a bank account by mail
For company accounts
For more information, please read our FAQ and do not hesitate to contact us.
A bank might also refuse to start a banking relationship if it has doubts about the origins of the potential client's funds because Swiss banks are forbidden by law to accept money which they know or must assume stem from crime.
Different banks in Switzerland have different bank account opening requirements including different account charges and minimum balance.
How much does this service cost ?
Assistance and introduction for opening a Swiss bank account prices on request
Assistance and introduction for opening a numbered Swiss bank account prices on request
Beware of companies that promise you a Swiss bank account for a low price !
Refund Policy
If, for any reasons we cannot open your account or the bank denies you to open an account, we will give you full refund for what you have paid for. But if you decide to cancel after placing order you will NOT be given refund.
Disclaimer
You are aware that we do not guarantee the opening of any bank account nor do we guarantee the amount of time that the bank will take to open a bank account. We reserve the right to refuse a client.
Please note :
• We are not a bank.
• We do not accept cash deposit.
• We only offer neutral advice and assistance in selecting and opening the right account for your needs in the right bank
• All applications are personally considered and we reserve the right to refuse to provide advice and assistance if we have any doubt about the economic origin of your money.