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Swiss Account for US Owned Corporations, Trusts, Foundations

 If you’re a citizen of the United States and are the owner of a business, or any of legal entity like a foundation or a trust, then it’s likely that
Anna Ledenyova
28.08.2018
If you're a citizen of the United States and are the owner of a business, or any of legal entity like a foundation or a trust, then it's likely that you've had difficulties registering and opening bank accounts outside the US. There are a few reasons for this, though they would be completely in your own circumstances. At Goldblum and Partners, we're able to help you with this.

If you're looking at opening a Swiss account for US corporations then look no further than our legal team. We know how to navigate the Swiss business environment and can give you all of the legal advice you need.

Launching a Swiss Investment for a US Corporation

The information we've listed below is designed for US-owned personal investment legal entities, rather than corporations operating as businesses so keep that in mind.

If you have some questions about opening a Swiss bank for US corporations then feel free to reach out to us for some assistance.

Legal Vehicles

The best and most suitable legal vehicle for a Swiss bank account are US registered or US owned corporations like Delaware companies and other offshore companies as well as trusts like those based in the Bahamas or the Cayman Islands.

Minimum Opening Requirements

The minimum opening balance will depend on a few criteria, the main one being where you're located. Though typically opening balances will be in their range of $500,000 and $1,000,000. There will also be criteria around the place of incorporation or the services requested of the bank.

Opening an Account Remotely

The remote opening of a Swiss bank account for a US corporation is possible if it is a trust or a foundation which is owned by residents who live in the USA or in Switzerland. Something to note though is that a trust, foundation, or other legal entity registered in offshore nations like the Cayman Islands or the Bahamas will only be able to have a Swiss bank account opened remotely if the owner is a US resident. Otherwise, you'll need to visit the bank in person.

Banking Services

The types of services you'll be provided by a Swiss bank will be heavily dependant on the legal entity your business is. this means that the bank will need to know the legal status and group your business into a bracket in order to provide the most relevant services for you and your business.

Common Services

A few common services that Swiss banks provide to businesses are as follows:

Asset management services

Advisory and other management services

Special matter services

A range of market and asset classes

Multi-national or single country investment options

Investment modules

An Entirely Legal Account Opening

There you have it. If you're the owner of a US trust, corporation or foundation you're able to quite easily open a Swiss bank account in a legal and compliant way. At Goldblum and Partners we collaborate with licensed FINMA financial institutions and provide all of the latest and most up to date information on the launch of a Swiss account for US corporations, so you can rest assured you'll be put on the best path.

If you need any additional information or some extra hands-on assistance then don't hesitate to reach out to us.

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