If you want, you can open your account from India at home in Swiss bank located in Switzerland. This bank is known for a strong banking system. Swiss bank is also known for privacy, safety and stability. People from all the countries of the world open their account in Swiss bank and keep their money safe here. Swiss banks are known for their privacy, but have made changes in banking rules in the recent past. This has been done due to some famous events. According to Motilal Oswal, due to scams such as HSBC Swiss Leaks (2015), UBS Tax Fraud Case (2009) and Indian Black Money Case (2011), Switzerland has relaxed its bank secrecy laws. Now, Swiss banks cooperate with other countries and share financial information when requested for legal reasons. That is, it is very difficult to hide illegal money in Swiss banks today.
Who can open Swiss bank account
According to Motilal Oswal, almost any person can open an account in Swiss bank. But banks conduct strict investigation before admitting customers. The person (any person who wants to protect money), business and companies, investors (those who want to invest money), foreign nationals (people who do not live in Switzerland but want Swiss account, can open bank accounts. Make sure, take care, Swiss banks do not accept money from criminals or illegal sources. They check the background of every customer.
How to open Swiss bank account?
- First choose the right Swiss bank. For this, do research and choose the bank according to your needs.
- Then choose the type of account. Decide that you want a personal, business or investment account.
- After this, contact the bank. You can contact the bank by going to the website, phone or any branch.
- Banks will demand the necessary documents from you, submit them. Among them, passport, address of address, source of money and tax document will have to be given.
- The bank will then examine the documents and ask for more information.
- After this, deposit the money. Most banks require a minimum deposit amount, which can range from $ 500 to $ 1 million.
- Once the account is approved, you can use your Swiss bank account.
How to open online Swiss bank account from India
It is absolutely possible to open an online Swiss bank account from India, but this process is not completely digital. Some Swiss banks allow to open a remote account, but you still have to submit physical documents or meet the local representative of the bank. You have to provide a note of your passport and other documents. Some banks make video calls to verify your identity. In most cases, you have to meet the bank or bank representative at least once. The minimum deposit amount for opening an online account may be higher.
Latest business news