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Private Swiss Banks Accepting New US Clients?
Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5780


Posted: 9/23/2009 3:36:42 PM

By: US Private Client

Is there any sense as to which private Swiss banks are still accepting new US clients?

Any sense of which private Swiss banks are explicitly NOT accepting new US clients?


Anonymous
Posted: Saturday, August 13, 2011

Posted: 2/5/2010 8:43:33 AM

By: Abenah

Hi knightmare3000,

Hope you'll indulge some novice ?s.

1. What should I make of the fact that Fitch no longer rates Jyske?
2. Is that cause for concern?
3. Would you recommend other sites for conducting due diligence?
4. Have you updated your Dec 2008 list of banks?
5. Have you given Panama another try?


Thanks!
Abenah


Anonymous
Posted: Saturday, August 13, 2011

Posted: 9/24/2009 12:18:45 PM

By: knightmare3000

as of September 24,2009, there is a new Swiss tax treaty with US. my guess is that because of this treaty most SWISS BANKS SHALL NOT ACCEPT US CLIENTS. a small cantonal bank might be able to have you but WITHOUT ANY SECURITIES. savings account only.for offshore banks that shall accept you with a US passport then see the following

1. HSBC bank in Hong Kong
2. Standard Chartered bank in Singapore
3. FIBC bank in Caymans
4. Ansbacher bank in Bahamas
5. Barclays bank in Ghana
6. Privat Invest AG in Austria
7. Bank Gutmann in Austria
9. Jyske bank in Denmark
9. Martin Maurel Sella bank in Monaco

if you wish for securities trading/mutual funds/FOREX/COMMODITIES,etc then see banks above in Caymans, Bahamas, Austria, Denmark, or Monaco

safety and privacy is about the same for those banks listed above. it is a matter of ambience of the organization ,convenience, and your investment syle. what is best for you. acceptance at the bank depends upon the size of account and willingness to complete their paper work( massive in several instances), to visit them in person and to comply with all regulations. you can still bank offshore but it is increasingly difficult for everyone.good luck


Anonymous
Posted: Saturday, August 13, 2011

Posted: 9/23/2009 5:57:42 PM

By: David S. Lesperance

Since you didn't state it upfront, I will ask the key question. Do you intend to be U.S. tax compliant or not?

David S. Lesperance
Barrister and Solicitor


 

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