Swiss Banking

Switzerland has the world’s largest gross domestic product and is the most prosperous and economically advanced nations. There are today, almost four hundred banks in Switzerland that serve just one single community. It is also know as the largest offshore financial center as well as being knows for it stability, privacy and protection of the assets of its customers.
Anyone can open a Swiss bank account which will give you privacy an dis tax free, but certain documents are needed to do this. A passport and current financial condition will be required, depending on the profession. Along with that will be country of origin, date of birth etc. You need not be present to open an account, it can all be done online as long as your follow the bank rules.
One rule for U.S. citizen is that the cannot make business transactions using their Swiss account and non-residents must deposit a hefty amount. Closing the account is easy as there is no penalty charged and they will not hold your money hostage, as is seen in some other offshore accounts.