Opening a bank account in Switzerland: what do you need to know?

Swiss banks have been associated with the highest reliability, confidentiality and professionalism for decades. Many entrepreneurs and investors consider opening an account in Switzerland as a strategic step to protect their assets and ensure financial stability. The international law firm Antwort Law specializes in opening bank accounts, including services to support clients in choosing and interacting with Swiss banks.

Why Switzerland?

Switzerland occupies a unique place in the global financial system due to the following advantages:

Reputation and stability
Swiss banks are known for their reliability and effective regulatory system. The country is characterized by political stability and strict adherence to international financial control standards.

Confidentiality and security
Although the automatic exchange of information (CRS) has limited the previous level of confidentiality, Switzerland remains one of the most secure jurisdictions for storing assets, especially for clients who comply with tax obligations.

Wide range of services
Swiss banks offer comprehensive financial solutions: from traditional current accounts to investment management, trusts and holding structures.

International recognition
Swiss bank accounts are accepted worldwide, making them ideal for international payments and transactions.

Myths about Swiss banks

Myth 1: An account in Switzerland guarantees complete confidentiality

In the current environment, banks are required to provide information within the framework of automatic data exchange (CRS). However, Switzerland guarantees reliable protection of the data of clients who comply with the law.

Myth 2: A Swiss account is suitable for tax evasion

This is a misconception. Today, Swiss banks only work with clients who provide transparent data on the origin of their funds.

Myth 3: Switzerland is suitable for everyone

Opening an account requires significant investments. For example, minimum deposits in private banks can start from $500,000.

Account types

• Personal accounts: suitable for individuals who want to protect their capital or use investment services.
• Corporate accounts: designed for companies engaged in international activities, including trade and investments.
• Investment accounts: ideal for creating portfolios, asset management and long-term savings.

Who is a Swiss account suitable for?

• International companies: for multi-currency transactions, financial optimization and reliable capital management.
• High-net-worth individuals (HNWI): to preserve and increase capital, access premium investment products.
• Investors: for portfolio management, investments in stock markets, real estate and trusts.

Stages of opening an account

• Choosing a bank: we help you choose a suitable bank - from large international ones (UBS, Credit Suisse) to private and niche ones.
• Preparing documents: the standard set is a passport or ID, proof of address, information on the origin of funds, company incorporation documents (for corporate accounts).
• KYC/AML verification: verification of compliance with KYC standards and anti-money laundering.
• Account opening and activation: after approval, the application is activated, and the client makes a minimum deposit (from 100,000 to several million dollars, depending on the bank).

Risks and difficulties

• Strict transparency requirements: Swiss banks only work with clients who are ready to confirm the origin of their funds.
• High minimum deposits: for some clients, such conditions may be unaffordable.
• Regular changes in international regulations: the need to take into account automatic data exchange and other requirements.

Why is it more profitable to contact Antwort Law?

By contacting Antwort Law, you will receive:

• Selection of a suitable bank: we evaluate your goals and offer the best solution.
• Document preparation: from constituent data to confirmation of sources of income.
• Tax consultations: we take into account international agreements to minimize tax risks.
• Support during the opening process: we help at every stage, from submitting an application to activating the account.

Switzerland remains a symbol of stability and reliability in the financial world. However, opening an account requires careful preparation, transparency and a strategic approach. With Antwort Law, the process will be fast, safe and profitable.

Contact us for a consultation - we are ready to help you at every stage.

Lidia Ivanova

International lawyer
Antwort Law