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Old 02.05.2013, 23:05
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How much money can one bring to Switzerland in cash?

Well, I would like to know if there is any restriction to enter in Switzerland with cash and if it's expected to you to declare it on customs when you arrive.

The second question is, there is any time of limit of the amount of cash you can deposit in a swiss account? Above which amount I need to fill forms proving the money origin?

I would like also to know if when you deposit certain high amounts of cash you need only to prove the legal origin or you need to prove that you declared it when you left your country.

Thank you guys!
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Old 02.05.2013, 23:07
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Re: How much money can one bring to Switzerland in cash?

* type of limit
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Old 02.05.2013, 23:20
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Re: How much money can one bring to Switzerland in cash?

Outside of EU country your limit is 10,000 EUR or equivalent in currency you have without having to declare at customs
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Old 02.05.2013, 23:28
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Re: How much money can one bring to Switzerland in cash?

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Outside of EU country your limit is 10,000 EUR or equivalent in currency you have without having to declare at customs
That's not strictly true:
http://www.ezv.admin.ch/zollinfo_pri...x.html?lang=en

It says, that you will be asked about the whereabouts and if your story is not convincing, they confiscate - but there's no charge or tax per-se.
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Old 02.05.2013, 23:51
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Re: How much money can one bring to Switzerland in cash?

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Well, I would like to know if there is any restriction to enter in Switzerland with cash and if it's expected to you to declare it on customs when you arrive.

The second question is, there is any time of limit of the amount of cash you can deposit in a swiss account? Above which amount I need to fill forms proving the money origin?

I would like also to know if when you deposit certain high amounts of cash you need only to prove the legal origin or you need to prove that you declared it when you left your country.

Thank you guys!
Bank require the usual KYC checks to open an account in the first place as well as a plausible origin of funds and proof of beneficial ownership.
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Old 03.05.2013, 02:14
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Re: How much money can one bring to Switzerland in cash?

Anyone here have an account in private banks like Julius Baer or Picket?

In my case I can attest the legal origin of the money but can't prove that I have paid taxes on it in my country.
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Old 03.05.2013, 02:22
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Re: How much money can one bring to Switzerland in cash?

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Anyone here have an account in private banks like Julius Baer or Picket?

In my case I can attest the legal origin of the money but can't prove that I have paid taxes on it in my country.
Swiss banks are trying all they can to get their customers to "clear" their "tax situation" - all but throwing them out right away (for now).

I'm not sure if they still take your word for it if you say you did pay taxes (do you just have no proof or did you actually not pay taxes, if I may ask?).

In any case, I wish you good luck. Maybe try a branch of a Swiss bank in Singapore first?
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Old 03.05.2013, 05:00
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Re: How much money can one bring to Switzerland in cash?

Switzerland signed up to agreements to avoid helping criminals transfer money around the world. Your stated origin is Brazil which is highly suspect.

Can you not just transfer the money using the banking systems? Make transfers of less than US$ 10'000. Otherwise you risk confiscation until you can prove the money is clean.
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Old 03.05.2013, 05:05
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Re: How much money can one bring to Switzerland in cash?

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Switzerland signed up to agreements to avoid helping criminals transfer money around the world. Your stated origin is Brazil which is highly suspect.

Can you not just transfer the money using the banking systems? Make transfers of less than US$ 10'000. Otherwise you risk confiscation until you can prove the money is clean.
My money is actually clean, its not from any criminal actives and as I said I can actually prove it, what I can't attest is that I paid taxes in my country - Brazil - so my basic question is: a swiss bank will really care if I paid taxes in that money in my real country? They usually request forms or docs that proves that you paid taxes in that money?
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Old 03.05.2013, 05:20
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Re: How much money can one bring to Switzerland in cash?

Do Brazil and Switzerland have agreements? I don't think you will have any problems as the money is not coming from the US. But if you are a US citizen they might refuse to open an account here for you.
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Old 03.05.2013, 06:28
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Re: How much money can one bring to Switzerland in cash?

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Well, I would like to know if there is any restriction to enter in Switzerland with cash and if it's expected to you to declare it on customs when you arrive.

The second question is, there is any time of limit of the amount of cash you can deposit in a swiss account? Above which amount I need to fill forms proving the money origin?

I would like also to know if when you deposit certain high amounts of cash you need only to prove the legal origin or you need to prove that you declared it when you left your country.
You can bring as much money into the country as you like - 20 suitcases full of 100 billion francs is OK

You MUST declare to customs cash, precious metals, bond certificates and the like, if their value is >10000 CHF.
That does not prohibit you from bringing it in. You simply have to tell them

And of course you will need documentation to show that the money is clean, and is not the result of money laundering. This applies at the border and when depositing it in a bank.

The customs dept says (and I quote):

"Liquid funds In the case of the importation, transit and exportation of liquid funds (cash and securities) worth more than CHF 10,000, it must be possible to supply information upon request on the origin, the intended use and the beneficial owner. The right is reserved to take measures linked to combating crime."

The official document from the Zollamt (customs) is here:
http://www.ezv.admin.ch/dokumentatio...x.html?lang=en
(first PDF)


But honestly, why not just do a bank transfer?
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Old 03.05.2013, 06:45
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Re: How much money can one bring to Switzerland in cash?

Unless you have a residence permit here, to open an account you'll need to prove origin of the funds beyond ANY DOUBT whatsoever and you'll need a minimum of Chf 250k
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Old 03.05.2013, 08:25
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Re: How much money can one bring to Switzerland in cash?

not to mention you might not be permitted to leave the country you're in with amounts of cash over a certain amount.
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Old 03.05.2013, 09:28
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Re: How much money can one bring to Switzerland in cash?

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Unless you have a residence permit here, to open an account you'll need to prove origin of the funds beyond ANY DOUBT whatsoever and you'll need a minimum of Chf 250k
Many of the banks here now won't open accounts for people not resident in Switzerland. Due to the incoming FATCA law it's mostly affecting Americans, but seems to be spreading to other nationalities as well as Inter-Governmental Agreements (IGAs) are signed between nations.
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Old 03.05.2013, 09:40
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Re: How much money can one bring to Switzerland in cash?

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That's not strictly true:
http://www.ezv.admin.ch/zollinfo_pri...x.html?lang=en

It says, that you will be asked about the whereabouts and if your story is not convincing, they confiscate - but there's no charge or tax per-se.
It is 100% true.

You do not have to declare it.

Whether you get stopped and question is a separate matter. They can stop you, and they will question if they do, but it's pretty easy not to get stopped. Most don't. It's the chance you take.

Anyone can set up an account here no matter the nationality. It just depends what kind of business you are offering and what the bank gets out of it.

If it's a small time fish looking to tuck up a bag of sand or ten, forget it. A few plumbs might of been interesting pre 2009, but now a few Bernie's needed if you want a quick transaction, or better yet, a yard.
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Old 03.05.2013, 09:53
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Re: How much money can one bring to Switzerland in cash?

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...If it's a small time fish looking to tuck up a bag of sand or ten, forget it. A few plumbs might of been interesting pre 2009, but now a few Bernie's needed if you want a quick transaction, or better yet, a yard.
I have no idea what you just said. I must be a small-time fish.
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Old 03.05.2013, 13:07
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Re: How much money can one bring to Switzerland in cash?

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I have no idea what you just said. I must be a small-time fish.
There are various cases where bank looked the other way because the commission they could earn was just too good to turn down.

This case I remember:
http://www.tagesanzeiger.ch/wirtscha...story/26976155

Basically, three Russian defrauding their employer (the UK-branch of a Russian trading firm) of 120 million USD and disguising the money as the sale of part of a Russian company to another Russian company (Bahamas and Panama involved, obviously) - with documents faxed from a London number..
The kicker: the transaction took place cash-only, in a Swiss bank.
It was so much cash they it took two separate appointments to finalize the transaction.

Of course, everything was legit on paper etc - and the Bank only alerted the authorities when the subjects try to clear their accounts...
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Old 03.05.2013, 13:15
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Re: How much money can one bring to Switzerland in cash?

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My money is actually clean, its not from any criminal actives and as I said I can actually prove it, what I can't attest is that I paid taxes in my country - Brazil - so my basic question is: a swiss bank will really care if I paid taxes in that money in my real country? They usually request forms or docs that proves that you paid taxes in that money?
Is it really that clean - if you haven't paid due taxes in your own country?
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Old 03.05.2013, 15:26
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Re: How much money can one bring to Switzerland in cash?

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Is it really that clean - if you haven't paid due taxes in your own country?
Of course it is.

Ask any American living here
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Old 03.05.2013, 17:13
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Re: How much money can one bring to Switzerland in cash?

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You can bring as much money into the country as you like - 20 suitcases full of 100 billion francs is OK

You MUST declare to customs cash, precious metals, bond certificates and the like, if their value is >10000 CHF.
That does not prohibit you from bringing it in. You simply have to tell them

And of course you will need documentation to show that the money is clean, and is not the result of money laundering. This applies at the border and when depositing it in a bank.

The customs dept says (and I quote):

"Liquid funds In the case of the importation, transit and exportation of liquid funds (cash and securities) worth more than CHF 10,000, it must be possible to supply information upon request on the origin, the intended use and the beneficial owner. The right is reserved to take measures linked to combating crime."

The official document from the Zollamt (customs) is here:
http://www.ezv.admin.ch/dokumentatio...x.html?lang=en
(first PDF)


But honestly, why not just do a bank transfer?
Thank you for the answer, I would have any problem making many small deposits of CHF 1,000 ~ CHF 5,000? Here in Brazil we have an option to make deposits using the ATM at a branch, is it available in Switzerland?

The reason that I can't make a wire transfer using my bank here is that it will record the number and the fact that I have a offshore bank account, no privacy.

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Is it really that clean - if you haven't paid due taxes in your own country?
Yes it is, I am a entrepreneur of the mining sector here, I can prove that the money is earnings from my companies, so its not from any criminal actives, but as I said I haven't paid any taxes on it.
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