Account regularization in Switzerland

HAS YOUR BANK SWITZERLAND ASKED TO MELT YOUR ACCOUNT WITHIN SHORT TIME?

YOU ARE IN DISPUTE WITH SWISS BANKER?

YOU ARE YOUR ACCOUNT BEEN FROZEN OR SUSPENDED?

HAS YOUR BANK SWITZERLAND REFUSED THE WITHDRAWAL OF FUNDS?

YOU HAVE INHERITED A SWISS BANK ACCOUNT?


ARE YOU UNSATISFIED WITH YOUR SWISS BANK?

If you are not satisfied with your Swiss bank, in contact with us to find a solution. Do not leave it until the last minute! We can understand your position, review all the documents and discuss issues of trust to allow you to reach the right decision.

When it comes to Swiss bank accounts, it is important not to act too hastily. E 'need to carefully consider several options how to close the account or transfer to another bank. In addition, it must understand the reporting requirements of your bank under the rules of the exchange of information and how this may affect your rights.

We are here to help you understand and take control of your situation. To avoid traps please contact us before making any decisions.



What are your bank's rights ?

The question is difficult to answer because in the implementation of the automatic exchange of tax information each bank determines its own procedure based on rules and internal policies, but it is generally the case that:

  • The bank may refuse to close the account or make a deposit in cash
  • There forces the bank for verification.
  • The Swiss bank refuses to transfer the funds in the account to make a purchase.
  • The Swiss bank asks you to transfer funds to your personal account.

Before you rush to hasty decisions, you should get in touch with us to discuss the situation. This will ensure that when you approach the bank to do so in a way that is useful and legitimate.


Regularization account (reporting) from a Swiss point of view

The October 8, 2014 Bern, Switzerland adopted international standard on mutual automatic exchange of tax information between Member States. This new automatic exchange of information requirements has motivated many owners in accruals (report) their accounts.

The Swiss authorities have the opportunity to exchange information automatically with other countries in order to regularize (report) their accounts. They may do so without notice to the account holder or beneficiary.

The decision of Switzerland to accept the automatic exchange of tax information was at the forefront of the negotiations with the EU. Each Member State, which has validated the agreement adopted standard automatically, without the need for implementing legislation. By adopting this standard, Switzerland hopes to create a fair and provide tools to prevent tax loss in high-tax countries.

Some banks require that their customers regularization (report) on their behalf. The respect of this instruction is to make a communication to the relevant tax authorities with supporting documentation to explain the original source of the funds.

For more information, please contact us. If required we can recommend a tax attorney who will be able to clarify any technical issues..