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Opening a bank account in Switzerland is a process that fascinates not only with the high level of confidentiality, but also with the stability of the financial system of this country. In a situation where the international business environment is becoming increasingly unstable, many companies and private investors are looking for alternatives to preserve and increase capital. However, this process is not without legal and financial complexity, especially when it comes to international legal structures. In this article, we will look at how to open a Swiss bank account through an international law firm, outline the main stages of licensing and raise corporate law issues that an entrepreneur or investor may encounter along the way.
Why Switzerland?
Advantages of the banking system
In the global financial arena, Switzerland has for decades maintained its position as one of the most reliable and stable centers. Swiss banks are known for their resilience, even during periods of global economic crises. They offer a wide range of financial instruments and services, from basic accounts to complex investment portfolios and asset management. This variety allows clients to choose the optimal schemes for preserving and increasing their capital. In addition, Switzerland’s national currency, the Swiss franc, is considered one of the most stable currencies in the world, which adds an additional layer of protection for assets.
Privacy and Security
Privacy and security issues have always been one of the key advantages of the Swiss banking system. Although many countries are tightening financial transparency laws, Switzerland continues to be among the leaders in ensuring the anonymity of its clients. It has strict bank secrecy laws that place significant restrictions on the disclosure of account holder information. But it is worth noting that recently, in order to comply with international standards, some rules have become less strict. However, the level of data protection in Switzerland remains very high, and compliance with laws and regulations is ensured to the highest standards.
As a result, choosing Switzerland to open a bank account is a strategically sound step for those who value stability, reliability and confidentiality. All conditions have been created here so that clients, be they large corporations or private investors, can focus on long-term financial goals, minimizing risks and uncertainty.
How to open a Swiss bank account through the international law firm Incluence
Main stages:
- Choosing a bank in Switzerland: you need to choose the desired bank, taking into account its reliability, tariffs and preferences by customer segments.
- Preparation of documents: statutory documents of the company, personal documents of participants and filling out bank forms.
- Submitting an application: sending prepared documents to the bank. Additional questions and requests for documents from the bank are possible.
- Passing verification: a personal visit to the bank is often required to verify company representatives.
- Obtaining access and details: upon successful opening of an account, the bank assigns details to the company and issues access to the account.
Additional Information:
- Minimum deposit from 5000 USD.
- A one-time fee for opening an account can be from 150 CHF or even free in some banks.
- Swiss banks strictly observe banking secrecy, which makes them attractive to foreign businessmen.
Important points:
Opening an account is a serious procedure in Switzerland, with a traditionally high chance of refusal.
Some banks offer the opportunity to open an account online, but meeting with a bank employee in person is still necessary.
Corporate law services from Incluence
Incluence provides professional services in corporate law. She provides advice on a variety of corporate law matters, including:
- Business registration
- Changes in the composition of founders and management
- Preparation and legal examination of documents
- Resolution of corporate disputes
- Legal support of the company’s current activities
The company focuses on minimizing risks associated with unscrupulous partners and employees. It also helps in providing protection against a possible takeover and accompanies transactions involving shares and interests.
Forex broker license
The Incluence company provides licensing services for investment activities, which also includes a Forex broker license. The process of obtaining a license includes several stages:
- Company registration. It is necessary to register a company in the country where you plan to obtain a license.
- Opening an account. The company needs to open a bank account to deposit the authorized capital.
- Contribution of authorized capital. The size of the authorized capital depends on the type of license.
- Hiring employees. It is necessary to have employees in key positions.
- Office rental. One of the requirements is office rent.
- Preparation of documents. It is necessary to prepare a business plan and policies, as well as fill out application forms.
- Filing an application. After preparing all the documents, you should submit an application to the regulator.
- Obtaining a license. After successfully completing all stages, the company receives a license.
Additional Information:
- The license allows the company to legally carry out activities and conduct currency trading operations.
- Company and share capital requirements may vary by country.
- The procedure for obtaining a license can take from 3 to 9 months or even more.
In conclusion, opening a bank account in Switzerland through an international law firm is a process that requires careful planning and understanding of Swiss banking, corporate and licensing laws. A properly organized process will not only simplify asset management, but also offer additional benefits in the form of reliability, confidentiality and tax optimization.
Expert in legal marketing. Head of marketing agency MAVR.
Business degree “Master of Business Administration” (MBA).