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Swiss Bank Account - Why Aren't You Using One?

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By Frank D. Miller

Historically, the world's biggest offshore tax havens have been in Switzerland. Although this reigning title may have now moved to other offshore banks. A Swiss Bank Account still offers benefits that few other offshore banks can offer. No longer just for the wealthy, a Swiss Bank Account can offer the individual investor many advantages.

1. Swiss banks offer some of the most secure and safe holdings in offshore banks.

Switzerland has a well developed reputation of staying neutral in times of serious world conflict and aggression. The result is it has become one of the world's top banking centers and is recognized by all offshore financial professionals as an ideal location because of its ability to avoid political and social upheaval. This translates into more security for your money in the form of strict privacy laws. These are very beneficial for those who are looking to keep their money and transactions private.

2. Starting a Swiss Bank Account is a simple process.

The application processes for a Swiss Bank Account is very straight-forward. Generally, you must prove you are at least 18 years of age by providing a passport or other form of identification. In addition, you will need to provide documents which explain your livelihood, your professional licenses, proof of the origin of the money to be deposited, your date of birth, proof of your residence etc. However, beyond this paperwork, all that is needed is to meet the minimum balance standard for the specific Swiss Bank. This can vary from bank to bank so do not be afraid to look around.

3. It offers an embarrassment of globally banking investment options.

Due in part to the well respected reputation of Swiss banks, you will have no difficulty finding a number of different investment tools at your disposal. These can range from mutual funds, stocks, bonds, buying different currencies, precious metals, purchasing foreign companies to a basic Swiss Bank Account. The key here is to recognize that a Swiss Bank Account offers you a virtual passport that allows you access to global economy in ways you would not have access to domestically.

By keeping these advantages in mind, it is easy to see why so many have opted to get a Swiss Bank Account. If you haven't begun your initial research into Swiss Bank Accounts, we strongly suggest you begin as soon as possible. Once the initial research is completed, you can rest easy knowing the hard work is over. Setting up an offshore bank account will be a breeze in comparison.

For more information and tips on a Swiss Bank Account, try visiting http://www.theoffshorebankaccount.com - it is a website offering solid tips and information on offshore banking and investing.

Article Source: http://EzineArticles.com/?expert=Frank_D._Miller

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