From the Swiss perspective, you can have any number of accounts anywhere in the world. But you must declare the assets and interest to the Swiss tax authorities. Swiss residents are liable to pay taxes on global income nad global income.

Hi there,

Does any EF members managed to open a bank account in Spain or Netherlands as a non-resident, without having to present onself in person?

Thanks in advance

Ashish

Hi There

Any inputs on opening a bank accounts in Spain / Netherlands as non-resident, without having to present onself in person is appreciated. Ashish

There are NL banks active in CH, e.g. Rabo, ABN, etc. Maybe you can contact their Swiss offices and ask about opening an account in NL. What advantage do you see?

If you are talking about hiding money against divorce; then I would form an English Ltd Company with share capital of GB£100. You can then open a company bank account in Denmark and/or England in whatever currency you want and partner/wife doesn't have know or be able to get to the dosh. Hiding money is generally best through a Company registered in a foreign country and the UK is probably the cheapest and interest is received gross (no tax deductions).

PM me if you want.

The advantage as I perceive it is, getting a better interest rates for Euro deposits than CH and FR (approx. 3.8% for term deposits).

Sorry for digging this out, but I have two confirmations from CS that I can just go to their office at the Zurich airport, which is open on Saturday and open a bank account with my EU-passport, no probs. Let's see if tht was correct. I have a contract and will soon be having a permit as well, but they said you don't need that. It's 6CHF per month, or from 15k balance banking is free with them... which sounds fair enough to me.

Ashish,

I used to live in NL and you have to be present to open a bank account.

Cheers!

Angela

PS: Yes their interest paid is a lot better

Yes, but you could potentially just fly to Zurich, open a bank account at the airport and fly back home. simples.
Or at least it sounds like it is

I'm taking everything back. Credit Suisse have changed their policies last week (probably in light of the issues at UBS) and now you can't open up a bank account anymore as a non-resident.

Thanks for the info. Yes that's true with some banks (those that I checked) I have to be present to open a bank account and also
have a substantial minimum amount to deposit (25k€) which looks fair to me. The best interest rates are however reserved for locals (based on what information I could find online).

Ashish

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Indeed, CS only allows non resident accounts for the ordinary Joe Bloe. Apparently the situation has changed due to the recent issues.

I made enquiries recently on behalf of a South African non-resident, and all the banks I tried, including Credit Suisse, gave an unequivocal "Non, nein", opening an account for a non-resident is no longer possible. So an interesting response from the Credit Suisse lady! I guess there are different rules for the very wealthy!

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indeed there are different rules...most banks are not interested in non residents

What "best interest rates" would that actually be? The 0,25% or 0,5% I get at UBS as a resident? I always feel like crying everytime I see this great rates.

I am a US resident and wanted to know that if you opened a CS account in the US, would it be easier to open other CS accounts abroad? One of the things I like about HSBC is that they make it easier to open up accounts abroad if you have a relationship in your home country. Since you are a CS employee, can you tell us if my assumption is correct or does it not matter at all?[/QUOTE]

[/QUOTE]
Since you work for CS, can you tell me as a US resident, if I opened an account at CS's US bank, would I have an easier time opening a CS account abroad (abroad for me here in the states)?

Since you work for CS, can you tell me as a US resident, if I opened an account at CS's US bank, would I have an easier time opening a CS account abroad (abroad for me here in the states)?[/QUOTE]

No, it doesn't matter. Unfortunately, these days all banks are not very hot with US residents.

One of those few banks(or the only one) i know in this country allows non-swiss resident open account is CIM Banque ( in geneva). And their min deposit is relative low.

Does anyone has experience with CIM Banque? Are they reliable? I'm thinking about opening account with them.

thanks



No, it doesn't matter. Unfortunately, these days all banks are not very hot with US residents.

One of those few banks(or the only one) i know in this country allows non-swiss resident open account is CIM Banque ( in geneva). And their min deposit is relative low.[/QUOTE]

Hi I'm moving to Zurich in a month to work and want to open a Swiss bank account for slary reasons.

As I will be foreign worker, living in the country, will that pose any issues in terms of the opening of such account?

Thanks for any help