The advantages of opening a bank account in Switzerland

The advantages of opening a bank account in Switzerland may be summarised as follows:

  • the reliability, professionalism and competence of Swiss banking institutions in asset management;
  • bank secrecy (only for third-party individuals or legal entities, excluding, therefore, the tax authorities);
  • for persons not resident in Switzerland, geographical differentiation of their assets which, in certain cases and under certain circumstances, allows the non-seizure (mainly for administrative fines, taxes or duties) of such assets by foreign tax authorities (however, the obligation to declare to the tax authorities of the country of residence is always carried out).
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