Switzerland's banking system is known for its secrecy which makes it a haven for investors to store their investment incomes and other valuables. Although the Swiss banking system is multiple times more private than other countries, it doesn't offer boundless privacy. If illegal activity is suspected, authorities will be handed access to investigate account information. New double taxation treaties also mean that Switzerland shares information with partner states.
In Switzerland, similar to other nations, bank accounts must be linked to a name and a beneficiary and not be anonymous. To add extra privacy, Swiss banks give their customers access to creating a numbered account to safeguard their personal information – so instead of using personal information, a transaction can be completed with a code. These types of accounts are typically more expensive to open
and require deposits of over $100,000, as well as ongoing $300 maintenance costs.
We have registration assistants and consultants in Switzerland which are able to offer all-round assistance for document development and the assessment of pre-existing documents.