Corporate Bank Account

In order for the company to legally function it must have a bank account in order to make transactions and deposit the capital, prior to registration. To open a Swiss bank account, the managing direcotr must have a valid passport and a confirmation that Switzerland is the current place of residence from the local Public Office (Bürgeramt). In many banks, it is possible to have accounts administrated in foreign currencies.

For account deposits of more than EUR 15,000 cash, banks are required to validate the identity of the depositor

How we can assist you

  • We can advice and support international companies to open a corporate bank account in Switzerland

Please keep in mind that capital can be moved in and out of Switzerland without any restrictions. However, amounts over EUR 12,500, or equivalent payments with valuables, must be reported to the German Central Bank (Bundesbank). These reports are for statistical purposes only.

Whether a person needs to report money transfers from abroad depends on whether his or her place of residence is in Switzerland, nationality is irrelevant. A person or company with a place of residence or business in Switzerlandmust report incoming and outgoing payments from abroad for all transactions over EUR 12,500. Alternately, an investor with a place of residence abroad does not have to register a capital transfer to an account in Switzerland, even if the investor is the account holder.

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*Copyright Consultinghouse 2017. Consultinghouse is boutique management consulting firm & professional services provider. All services offered on this website are provided by Consultinghouse A.M.C. Int GmbH. Consultinghouse provides management consulting as well as services with regard to accounting of current business activities, the generation of payslips, as well as the registration for payroll tax. For tax or legal services please contact our cooperation partner http://www.counselhouse.ch.