| Switzerland is one of the world's most | | | | |
| stabilized economies which makes it the most | | | | 1. Always check the services provided by the |
| popular country for offshore banking. They | | | | bank carefully before hand. Be sure to pick |
| have a very stable political system as well, | | | | the one that suits your requirement the most |
| which boosts their economy. Switzerland being | | | | and which provides swift and efficient global |
| a very practical and logical country, stayed | | | | transfers in minimum time. |
| neutral through both the World Wars, which in | | | | |
| turn helped them enhance their economy. They | | | | - They should be offering the maximum tax |
| have been able to successfully increase or | | | | advantages and pay attention to your |
| develop their banking systems, and 5.6% of | | | | confidentiality. Your privacy is very |
| the Swiss working class is in the banking | | | | important and you can usually get an |
| industry. | | | | anonymous investment account to handle all |
| | | | your financial transactions. |
| They are one of the oldest countries to | | | | |
| engage in offshore banking and certainly the | | | | 3. The country in which you want to invest in |
| most famous. Whenever we think of offshore or | | | | should be politically and economically |
| foreign bank accounts Switzerland will almost | | | | stable. They should be responsive to foreign |
| always come to mind. | | | | investments and accounts. |
| | | | |
| Switzerland has quite a legacy of privacy | | | | - Their banking institutions and economy |
| standards in banking operations, dating back | | | | should be stable. This is an important part |
| to the Middle Ages. Swiss banks are renowned | | | | of your financial security. |
| for their rock-solid stability and their | | | | |
| rigid pursuit of customer and information | | | | Take advantage of the many different aspects |
| privacy and ensuring the safety of resources. | | | | of offshore banking. For instance there are |
| All Swiss banks are controlled by the Federal | | | | offshore trusts and investment companies as |
| Banking Commission (FBC). In the year 2003, | | | | well as banks. Try to get some expert advice |
| about one-third of all offshore accounts were | | | | before you invest. There is a lot of |
| believed to have been held in Swiss banks. A | | | | information online and you would do well to |
| year before that, in 2002, this number was | | | | take advantage of it before you start doing |
| much less as banks then were following | | | | any offshore investments or banking. When you |
| stringent rules. | | | | know what you are doing you can take full |
| | | | advatage of the many aspects of offshore |
| The Bank of International Settlements is | | | | banking. |
| headquartered in Basil. Statistics, as on May | | | | |
| 2006, declare that the huge number of foreign | | | | The golden rule of offshore banking is to |
| banks operating out of Switzerland hold about | | | | thoroughly check the country you wish to |
| 870 billion Swiss francs. The Federal Banking | | | | create your account in and be sure to stock |
| Commission is an autonomous agency, created | | | | up on information about the different kinds |
| to oversee most of the operations of the | | | | of investment options that are available to |
| Swiss banks. And these activities include | | | | you. Just before you actually take the |
| issues relating to investment funds and | | | | plunge, find out all about the nature of the |
| security markets. | | | | law structure in the country, so that you can |
| | | | derive the maximum benefit that an offshore |
| A few tips while planning to invest in | | | | account can offer you. |
| offshore banks: | | | | |