There is a common misconception that people who cannot store their unaccounted wealth in their own country open accounts in Swiss banks. Even though this may be true to an extent, Swiss banks are well known for their sophisticated and discreet banking services.
Many of the rich and famous like film stars, business entrepreneurs, top government officials, presidents, etc, are reputed to have Swiss bank accounts. Then again, it is also said one need not be a multi-millionaire to open a Swiss bank account.
Brief Background of the Swiss Banking System
One of the most prosperous and economically advanced nations, Switzerland has the worlds largest gross domestic product (GDP). There are nearly 400 banks in Switzerland, which range from the Two Big Banks, to smaller banks, serving single communities or selective clients. Considered as the worlds largest offshore financial center, the Swiss banking sector is renowned for its privacy, stability and protection of their customers information and assets. The Federal Banking Commission (FBC) regulates these banks.
Opening a Swiss Account
Often freely available, a Swiss bank account provides total...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
