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...

Saint Kitts and Nevis

Often just called Nevis in the offshore world, this is a pure no-tax haven in the spirit of what a tax haven was originally meant to be. A little two-island nation, known formerly as Saint Christopher-Nevis Saint Kitts and Nevis , it is completely independent, having no ties with Britain or any other imperial nation, and makes its law according to its good conscience. Nevis is a proactive tax haven with modern corporate and trust legislation. It strongly supports its offshore industry and...

Panama

Panama is a stable democracy with Latin-style politics and a free economy. It is the Latin American version of Switzerland or Hong Kong. This narrow country, which connects South and Central America, is one of the oldest tax havens in the world, dating back to the 1920s, like Liechtenstein. Panama also has adapted similar corporate and asset protection legislation as Liechtenstein. Today Panama is a modern international financial center with bank secrecy legislation as strict as anywhere. There...

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...

Qualified Intermediaries

Here ' s a prime example of the United States trying to exert its control and influence not only over its own citizens, but into foreign countries and foreign business. There are many international securities and markets that U.S. investors are restricted from investing in, because these investments are not allowed to be sold in the United States on U.S. exchanges or through U.S. brokers. Sharp investors have been getting around this restriction for years by investing from offshore, through...

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...