Who can open an account in a Swiss bank?
Swiss banks are known for their discretion. It is this aspect that attracts its many customers from several countries in the world, including a large number of French. In fact, Swiss banks guarantee privacy, even though opening an account anonymously is not possible in these banks, as Swiss legislation is very strict regarding the verification of bank account holders.
Swiss banks also guarantee a low risk of the money placed. Some banks thus allow the opening of numbered accounts, which are very advantageous, insofar as the transactions made from these accounts will be designated by a code, and not by a name, always in order to guarantee more discretion.
Opening an account in a Swiss bank?
Normally, any natural or legal person can open Offshore ciitzen accounts. However, the bank will reserve the right to refuse or accept a customer. For example, if a person is ” politically exposed, ” a bank has the right to deny him banking services because that could be too risky for the reputation of the institution. A bank may also not agree to enter into business relations if it has suspicions as to the source of funds from potential customers. The law prohibits Swiss banks from accepting funds, even though they presume that they come from crime, for example.
In general, you must first choose your bank among the 400 banks in Switzerland, and deposit an initial investment of a minimum amount of about 1,000 US dollars, or about 760 euros. As with most banks today, the opening of the bank account can be done either online, by post or by traveling personally in Switzerland (more recommended). Indeed, there are banks that ask to meet their customers. In any case, you should always go to Switzerland to finalize all the procedures that you would have started on the Internet.
Swiss accounts and tax evasion
It is entirely legal to open a bank account in Switzerland. The only thing that is illegal in France is tax evasion, which is also a crime. Indeed, tax evasion allows you to escape the tax on your property, because part of your income is not declared by being moved to another country, such as Switzerland. But in Switzerland, tax evasion is not a crime, and even a search warrant notified by a foreign tax agency will not be enough to break Swiss bank secrecy.