Tradition of Privacy
One of the most appealing aspects of Swiss banking is its tradition of banking. Rooted in the Swiss Banking Act of 1934, Swiss banks are considered extremely solvent and stable. This stability has made Switzerland a preferred choice for those who prioritize banking stability and experience.
Political and Economic Stability
Switzerland’s long-standing political neutrality and economic stability make it an attractive banking destination. The Swiss Franc, often viewed as a ‘safe currency’, offers reassurance in times of economic turbulence. Swiss regulatory authorities also maintain a strong oversight on financial institutions, further strengthening the country’s reputation for financial safety and reliability.
Switzerland is home to some of the world’s leading financial institutions, known for their wealth management and private banking services. Their expertise in handling high-value portfolios, coupled with access to a wide range of investment opportunities, makes Swiss banking a top choice for those seeking to protect and grow their assets. Swiss banking also offers the ability to diversify currency as Swiss Banks can easily handle accounts with multiple currency denominations.
When it comes to asset protection, Swiss banks are well-versed and experienced in working with clients who have sophisticated asset protection structures. The combination of an Asset Protection Trust with a Swiss Account allows clients to protect their assets from creditors and lawsuits, as well as the risks to the traditional banking system based on fractional reserve banking, such as what we have in the United States.
Switzerland has made efforts to comply with international banking standards and has revised its banking secrecy laws in recent years. While still valuing customer privacy, Swiss banks now comply with global tax laws, including the Automatic Exchange of Information (AEOI) with many countries. These changes aim to prevent tax evasion while still maintaining the privacy and security that Swiss banking is known for.