Thread: swiss banking
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Old 01-28-2008, 11:14 AM  
faxxaff
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As a EU resident you can walk into most Swiss banks and open an account in person without any problems. The opeing balances are minimal. It all depends on the descretion of the local manager and how you approach them. It is up to them to decide how much they appreciate your business.

The Swiss Postgiro is the easiest to open an account with. Be aware that they will report your account to your home country. They will deduct up to 35% of taxes off of your earnings and interest.

If you looks for alternatives, make a vacation in Hong Kong and open an account with DBS or any other HK bank. They welcome foreigners who bring their money to China :-) No reporting, no taxes.
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