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  #21  
Old 04.02.2009, 22:08
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Re: Opening a bank account for non-resident

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I hope I am not off-topic, but I have question the other way around. Can we as resident of CH, open a bank acount abroad, specifically for example in HSBC in UAE (Dubai)? Their website says it is for UAE residents, but I have heard it might be possible for at least Saving account (Interest rate is 5-6% there, a lot better than here).
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.
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  #22  
Old 08.07.2009, 09:11
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Opening a bank account in Spain / Netherlands

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

Last edited by Ashish; 09.07.2009 at 16:43.
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  #23  
Old 09.07.2009, 16:45
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Re: Opening a bank account for non-resident

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
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  #24  
Old 10.07.2009, 15:02
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Re: Opening a bank account for non-resident

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?
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  #25  
Old 10.07.2009, 19:19
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Re: Opening a bank account for non-resident

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Hi, I'm also non-resident, but EU (dansih) citizen and would like to open an account to secure my capital against divorce etc. So it sounds like Thomasss and I want the same. I also want to invest this money in stocks. But will I need a numbered account, to avoid my name being registered in Denmark? (when I buy stocks on the danish stock exchange, they are registered in my name - and suddenly it's not so secret.)
I plan on investing 50,000 - 90,000 eur initially.
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.
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  #26  
Old 10.07.2009, 19:20
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Re: Opening a bank account for non-resident

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).



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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?
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  #27  
Old 30.07.2009, 15:45
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Re: Opening a bank account for non-resident

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.
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  #28  
Old 30.07.2009, 16:11
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Re: Opening a bank account for non-resident

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
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  #29  
Old 30.07.2009, 17:18
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Re: Opening a bank account for non-resident

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
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  #30  
Old 04.08.2009, 16:26
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Re: Opening a bank account for non-resident

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.
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  #31  
Old 16.08.2009, 11:00
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Re: Opening a bank account for 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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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
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  #32  
Old 13.10.2009, 12:00
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Re: Opening a bank account for non-resident

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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.
---

Indeed, CS only allows non resident accounts for the ordinary Joe Bloe. Apparently the situation has changed due to the recent issues.
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  #33  
Old 13.10.2009, 12:34
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Re: Opening a bank account for non-resident

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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  #34  
Old 13.10.2009, 12:39
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Re: Opening a bank account for non-resident

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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!

--

indeed there are different rules...most banks are not interested in non residents
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  #35  
Old 14.10.2009, 20:10
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Re: Opening a bank account for non-resident

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The best interest rates are however reserved for locals (based on what information I could find online).

Ashish
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.
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  #36  
Old 14.06.2010, 04:22
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Re: Opening a bank account for non-resident

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hi, i work for credit suisse.. you can open an account anytime at credit suisse..u dont need a minimum deposit as a non-resident. if you live in switzerland you have less account fees to pay. if you live outside of switzerland you'll have to pay an account fee of approx. 140sfr. per year to hold your account up to assets of 50'000swiss francs. if you deposit more than 50k you wont be charged with any fees. so thats the info that i can give you at the moment.


My question is - do you know any bank that has lower minimum deposit for non-resident accounts?

Thanks
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]
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  #37  
Old 14.06.2010, 04:28
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Re: Opening a bank account for non-resident

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hi, i work for credit suisse.. you can open an account anytime at credit suisse..u dont need a minimum deposit as a non-resident. if you live in switzerland you have less account fees to pay. if you live outside of switzerland you'll have to pay an account fee of approx. 140sfr. per year to hold your account up to assets of 50'000swiss francs. if you deposit more than 50k you wont be charged with any fees. so thats the info that i can give you at the moment.


My question is - do you know any bank that has lower minimum deposit for non-resident accounts?

Thanks
[/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)?
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  #38  
Old 14.06.2010, 04:54
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Re: Opening a bank account for non-resident

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.
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  #39  
Old 04.04.2011, 20:56
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Re: Opening a bank account for non-resident

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

thanks



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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)?
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]
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  #40  
Old 04.04.2011, 23:41
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Re: Opening a bank account for non-resident

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
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