A foreign bank account is necessary for your future company’s operations but also for all of your tax-free property investments. Therefore, this page will be about corporate and personal accounts.

Corporate accounts:
We prepare all of the required documents: application, corporate documents, board decisions, apostil. The application file is then sent for your review and signature, along with detailed explanations. Once completed, the file is sent to the Bank of your choice. We assure the follow-up until completion.

In most jurisdictions, all the above can be done by courier in just a few days except for the Swiss accounts with ‘top names’ in the Swiss Banking Business where a personal meeting is mandatory. The meeting can take place in Switzerland or in your own country as you wish.

As soon as the Bank has accepted the application and the account opened, our task ends. You can make deposits, order check-books or credit cards, receive and transfer money, write checks drawn on your account, etc.

We do not want to interfere with any confidential matter about your financial operations so we continue to be involved ONLY if we receive a mandate and a mission from a client.

We do not offer investments and advise you to deal directly with your bank as soon as the account is open.

We enjoy excellent relations with several Prime Banks ( AAA Rating ) and are in a position to introduce our clients to various banks for corporate or personal account openings.

Nowadays, it’s generally preferable to consider a bank opening in the same jurisdiction as where the company is situated: this way, translation and document misinterpretations are avoided , there are no language barriers. Here are the places we advise :

London
for English Limited Companies
Cyprus
for Cypriot LTD’s
Panama
for Companies incorporated in Panama, Belize, and possibly Costa-Rica or Uruguay as well as Caribbean off-shores
Belize
Gibraltar
for Gibraltar LTD’s
Nassau
exclusively for IBC belonging to The Bahamas
Geneva
for all the jurisdictions so long as your operations are interesting enough for first rank Swiss Banks

The initial deposit requested by the Bank to activate an account will range between 3500 to 5000 US dollars ( or 4000 to 6000 Euros ) or equivalent in the currency you will select for your account. However, in Switzerland the Prime Banks request an initial deposit of 250.000 up to 300.000 Swiss francs (or the same level of average for the monthly balance during the first months of operations) to accept to do business with a new client.

Usually, credit cards or withdrawal cards are available on basis of the deposit. Online banking is given free of charge, please consult us.

You can also decide to open an account with a State Owned Swiss Bank we can recommend, and which will provide a debit card for ATM with a limit of 1000 Swiss Francs a day [USDollars 650] giving direct access to your account. This Bank will require a deposit of 2000 Swiss Francs only. They can also supply VISA or MASTERCARD on basis of your personal or corporate references or against a suitable deposit.

For any additional information, for banks located in other jurisdictions or special requirements please feel free to contact us.

Personnal accounts :
For personal bank accounts, Switzerland is positively the best choice.

In spite of some people’s dreams or spiteful affirmations of others, bank secrecy still exists in Switzerland , since the 1934 Law that provides prison for employees who would have revealed any information (a name is enough) on their clients.

Bank secrecy can only be removed by a Federal Judge and for criminal reasons (capital laundering, civil servants corruption, arms sales) but NEVER for reasons linked to foreign citizens’ taxes. In fact, it’s good to remind here that neither tax evasion , nor misuse of company property are crimes in Switzerland. The Judges in any Country can only accept to investigate on a named citizen on the basis of a request by a third country if the charges are crimes in both jurisdictions...

Depending on the sums you count on initially depositing and adding later on, as well as the type of operations you want to make ( checking accounts or investments), four different types of accounts exist which we can help you open :

1 - Basic checking account :
. No minimum
. Physical presence not required for signature ( certified copy of passport sufficient)
. No bank references required
. Secure internet access
. Withdrawal cards in cash dispensers limited to 700 euros /day valid throughout the world
. Credit cards: possible

2 - Private checking account :
. Minimum of 50 000 Swiss francs (approximately)
. Secure internet access
. Credit cards: possible

3 - Investment account :
. Minimum of 30 000 euros or equivalent
. Fund and investment management by specialists
. Possible investments in the Common investment funds

4 - “Secret” or numbered account :
. Minimum to be agreed (70 000 to 100 000 euros is a ‘reasonable’ basis)
. Fund and investment management by specialists
. First rate personalized attention
. Possible investments in all worldwide investment funds
. Holder’s name never mentioned whether it’s to receive or send funds
. Accounts “Unknown” even by the Bank’s computers for employees who are not part of the “Private Banking”

If you wish to have credit cards , an additional Private checking account is advisable so that the existence of the numbered account is not revealed (no minimum deposit for this second account in this case).

If you wish to select other financial markets or have specific needs that are not mentioned here , please consult us.

insad s.a.