Types of Swiss Bank Accounts

This section presents a sampling of the types of accounts that a Swiss bank might offer. The process of opening a Swiss bank account is simple once you've found a bank to your liking that is also ready, willing, and able to do business with you, based on the level of your deposit and your possible status as a U.S. person. Now, with your new Swiss bank account, you will have immediately achieved several important accomplishments. Once your funds are moved into the bank, you have gained...

T7 Tax Havens

The collective countries known as the G-7 the industrialized nations of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States are also some of the highest-taxing nations in the world. Of course, these seven giants are not the only tax-happy zealots. Australia and other nations, and organizations such as the European Union (EU), the Organization for Economic Cooperation and Development (OECD), the Financial Action Task Force (FATF), and the United Nations (UN), are all...

Swiss Life Insurance

We're all pretty familiar with life insurance, at least what is offered to the public in the United States and Canada. Other countries have similar types of insurance. But, in Switzerland, their idea of life insurance is a little different. The strength and stability of the country 's insurance industry is uniquely financially sound, but the fact that you can combine life insurance with an investment portfolio is another feature that is not commonly known. Like the annuity, a life insurance...

Swiss Portfolio Bond

The Swiss portfolio bond, or insurance wrapper, is a customized variable endowment policy combining the benefits of offshore banking and investing to create a unique holding structure. The best jurisdictions for this type of structure are Switzerland and Liechtenstein. This device affords the best asset protection with Swiss bank secrecy and is the perfect umbrella under which to safely keep your banking and investments from the prying eyes of your government or anyone else while you quietly...

Stocks and Bonds

Contrary to what you may be accustomed to, Swiss banks also can act as your securities broker and provide you with an account for trading purposes. Generally, this is a cash account used for maintaining funds for the purpose of buying securities and for depositing the proceeds when sold. Customers may deposit funds at anytime into this account, but the prevailing restrictions on withdrawals will determine when you can take money out. Brokerage fees also are paid from this account. If the...

Precious Metals

Why own gold and other precious metals For decades the United States was on the gold standard. A strong currency backed by gold, in conjunction with a conservative monetary policy, helps create a solid, stable currency. It also leads to national economic stability and real economic growth and minimizes the wide fluctuations of inflation and deflation. In 1971, President Richard Nixon took the United States off the gold standard. In the same era, he devalued the U.S. dollar in two separate...

Where to Begin Opening a Swiss Bank Account

Types of Swiss Bank Accounts 62 Other Swiss Banking Facilities 70 Opening Your Swiss Bank Account 71 Written Instructions to Your Bank 79 Perfectly Legal Secret Account 80 Investing through Your Swiss Bank 85 Swiss Bank Bonds 88 Forward Contracts and Warrants and Options 113 Mutual Funds and Electronic Real Estate Investment Trusts 115 Your Own Private Monetary Policy 118 Banking Policies and Regulations 127 Financial Actions Task Force 130 Chapter 6 The Ultimate Investment Plan 137 World's...