OPENING A BANK ACCOUNT IN SWITZERLAND

Opening a bank account in Switzerland: procedure and benefits for Ukrainians

An account in a Swiss bank can be opened by both a resident and a non-resident of Switzerland, the main requirement is that the person has reached the age of 18. In Switzerland, it is possible to open an account in any currency, you can open an account both for an individual and for a legal entity. Ukrainians can freely open bank accounts in Switzerland, because there are no restrictions set by legislation.

Opening an account in a Swiss bank provides the following opportunities:

• Swiss banks guarantee the safety of your funds
• Political stability, including the stability of the financial system
• The predictability of laws, which indicates the clarity and immutability of normative and legal regulation
• Bringing great wealth to account holders
• Security of the banking system, thanks to professionalism

What documents are required to open an account in Swiss banks:

In case of opening a personal account, the following documents must be submitted:

• Passport
• Address of the place of residence
• Evidence of receipt of income
• Application for opening an account

Provide detailed information about the client’s solvency as beneficial owners of the company, or if it is an individual, information about the individual.

In case of opening a corporate account, the following documents must be submitted:

• Notarized founding documents (statutes, documents on the appointment of officials)
• Document confirming company registration
• Certificate of shares – confirmation of the existence of the company
• Information about the company’s beneficiaries

The best bank to open an account in Switzerland (simplified procedure and service rates)

• CIM Banque
• Julius Baer&Co. LTD
• Falcon Private Bank Ltd.
• Bank Vontobel AG
• Banque Internationale à Luxembourg
• BSI AG
• Credit Suisse
• USB
• Swiss post office
• Raiffeisen
• cantonal banks
• Post bank
• Migros bank

Importantly! For non-residents, some banks set a minimum bank deposit of 500 euros, depending on the bank.

Is it possible to open an account online?

In Switzerland, online banking is quite well developed, so documents for opening an account can be submitted online, although in the future it will be necessary to submit original documents.

Assistance in opening a bank account in Switzerland

Opening and maintaining an account in a Swiss bank is one of the main activities of our lawyers and economists. Sign up for a consultation and see for yourself the professionalism.

Importantly! On the websites of many banks, there are hotlines that you can call and find out all the information yourself, but you may encounter the problem of not understanding the German language, or not fully understanding German banking terminology, which can lead to problems in the future. That is why we recommend making an appointment with our lawyers before contacting the banks.