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Old 14.01.2020, 10:44
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Re: The one client rule

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Hello,
yes my one client is Swiss. I suggest you try different banks. Also I used the IFJ to set up my company and they sorted out the bank account for me. They give free advice - maybe give them a call?
https://www.ifj.ch/en
Good luck,
Rachel
Thanks! I am working with Startups.ch. I'll see if they can help with that. Although I am aware that there are some restrictions.
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Old 14.01.2020, 10:47
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You could always set up an offshore company in a tax haven, and an offshore bank account, then pay money into your personal account. Of course, declaring the money on your tax return.

You might want to consult a Swiss lawyer about the legality of doing this, since it still smells a little like money laundering.
Thanks. While I have considered the possibility of an offshore company, I do not think it is worth it for the moment. I am trying to conduct a legal transaction, but if it has even a slight chance of being considered as money laundering (and I can see why it may look as it is), I would prefer to avoid it. Thanks for your comments.
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Old 14.01.2020, 11:34
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Re: The one client rule

You are probably using the worong bank, CS or UBS are big banks, not really interested in you yet, try the Cantonal banks that take more time to get to know you and understand your particular business
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Old 14.01.2020, 11:46
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You are probably using the worong bank, CS or UBS are big banks, not really interested in you yet, try the Cantonal banks that take more time to get to know you and understand your particular business
Thanks. For the moment it was only UBS who told me they cannot open the bank account. I tried also with CS and Postfinance and they can open the account, although they cannot assure that they will process payments normally once the company starts operating. But I assume that if they see payments from a single company in latin america, that may trigger some red flags in their process. Even when the transactions are legal. In any event, I will try also with other banks.
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Old 14.01.2020, 13:34
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Re: The one client rule

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Thanks. For the moment it was only UBS who told me they cannot open the bank account. I tried also with CS and Postfinance and they can open the account, although they cannot assure that they will process payments normally once the company starts operating. But I assume that if they see payments from a single company in latin america, that may trigger some red flags in their process. Even when the transactions are legal. In any event, I will try also with other banks.

CS, UBS same thing, different name, go to the small er banks for your business, you'll see what i mean once you have had a meeting with them
BCV is excellent, they will get to know you/your business and help you. Providing you can explain your client, your business and the payments he makes to you there will be no problems
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Old 14.01.2020, 13:55
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Re: The one client rule

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CS, UBS same thing, different name, go to the small er banks for your business, you'll see what i mean once you have had a meeting with them
BCV is excellent, they will get to know you/your business and help you. Providing you can explain your client, your business and the payments he makes to you there will be no problems
Thanks for the recommendation! I will try BCV.
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