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Why are Swiss banks considered as “Bank of the world”?

Updated time: 09 Jul, 2021, 09:56 (UTC+08:00)

Swiss banks are no longer unfamiliar to many people because of its prestige, nowadays many global entrepreneurs doing business in Europe choose Swiss banks to open an offshore bank account.

So what makes Swiss banks become well-known? And why should we open an offshore bank account in Switzerland?

Swiss banks are considered as “bank of the world”

Swiss banks are considered as “bank of the world”

Absolute confidentiality

Swiss banks apply a code security system to protect customer’s information, bank staff only know customer code and only senior leaders are allowed to know the customer's name. This helps Swiss banks better enhance customer confidentiality. Furthermore, Swiss law does not allow identity disclosure of bank account owners in Switzerland to third parties, including tax authorities or the Swiss government.

In addition, when opening a bank account in Switzerland and depositing money here, customers can feel completely secured because CHF (Swiss franc) has long been considered as a safe and stable currency. Thanks to a sustainable economy and outstanding development, although interest rates are not too attractive, Swiss banks are still trusted by many global businesses.

As a result, for most big investors in Vietnam and the world, Swiss banks are one of the top choices to protect their assets. There is no exaggeration that this country has the best privacy practices and preferential policies for customers around the world.

Privacy is the reason why many customers open offshore bank accounts in Switzerland

Privacy is the reason why many customers open offshore bank accounts in Switzerland

A business-friendly environment

A sustainable economy is a factor that helps Swiss banks attract businesses to open offshore bank accounts here. Switzerland is a country with a stable economy and politics. In 2020, its Index of Economic Freedom was 82.0, ranking first in Europe.

Swiss Banks are famous for their transparency, for them customers always come first. The Swiss government creates a business-friendly environment by a transparent and attractive tax regime. The CIT rate in Switzerland is lower than in other European countries, so it is more favorable to attract FDI, company formation and opening offshore bank accounts in Switzerland.

Switzerland is a neutral country. When opening an offshore company in Switzerland, global enterprises have the opportunity to connect trade with EU countries, which is less affected by customs barriers except for agricultural goods.

The business-friendly environment attracts many investors to set up offshore companies in Switzerland

The business-friendly environment attracts many investors to set up offshore companies in Switzerland

Open offshore bank accounts in Switzerland with One IBC

You can contact us or go to One IBC’s representative offices. We will guide you through how to open an offshore bank account, what information is needed, and assist you to complete the registration.

You need to provide One IBC the following information:

  • ID check and a proof of income statement. Swiss Banks have high security & confidentiality, right from the KYC process.
  • A notarized copy of passport, to be sent to your Swiss bank.
  • Paying service fees for Swiss offshore bank account opening as per One IBC’s tariff.

For many wealthy businessmen around the world, Swiss banks are considered as a haven to keep their assets with high privacy protection.

Above is information about Swiss banks, and what makes Swiss banks so well-known worldwide. Please contact One IBC to learn more about how to open an offshore bank account in Switzerland.