u have several account in switzerland and it is a good way to keep some cash of the radar but spending is going to be a problem for most. except me because i also have a resident in switzerland. But it is a good way to get your self some good spending money without having to pay tax or to use it to invest. i would suggest you also start a dummy company there if you ever wish to invest with the money being held there on the accounts. You have a lot of money on it and you want to use a lrage part of it i will still show up on the radar of your country and that can be difficult. having a dummy company ensures that you can spend. but you have to pay some to swiss guys. but not as much as you should pay in your own country at least not as much as in mine.

thanks to everybody that posted interesting info here :thumbsup

Is that a touch of sarcasm he-fox? :winkwink:

You don't need any of that crap - you got more "facilities" where you are than anyone would need :pimp

lol nigerian bank account, i can do you one better and tell you where my nigerian treasure chest full of money is

No, not sarcasm at all, it's a subject that I'm interested into, and the more info and opinions I get, the more I can form an objective image on the matter.

bump for this thread

:thumbsup

oh the ignorance of this thread.

1. you must spend 6+ months in monaco to 'live' there. and yes they do check on people they suspect of only using them as a tx haven, including knocking on your door.(so its rumored at least)
2. there are much better places then CH(switzerland) and monaco. if you dont know any, keep hunting.
3. call a swiss bank and ask thier requirements. i recommend UBS or CreditSuisse. their numbers are on thier websites and the person who answers will speak english. they have been heavily leaned on in recent years for allowing so many outsiders to hide money thier. its getting more difficult.
4. all USD funds transfers worldwide are to be reported to the US Fed. its thier money, they like to keep track of it. so try to use another currency whenever possible.
5. almost all countries recieving foreign aide from the US, trade bank records in one form or another, you think we give them money for free? no.

Thanks for the info. I'm not an american so not totally worried about US fed knowing any details (although it's unrealistic for one to think they can actually keep up with that). Any recommendations on (non-CH) banks in countries with strong banking secrecy laws?

Concentrate on maxing out all available retirement accounts for tax-free interest!!! :2 cents:

Stay in the USA until you have sufficient funds to retire on and live off the interest. :2 cents:

Fiddy accounts

Singapore is the new switzerland

I like this thread so here's my final bump for it.

Maybe someone will share some more insight....

nahhh sounds scary

everything u posted has already been mentioned in this thread

BTW about 3 years ago I read some book on offshore banking and they said that Austria has stonger secrecy laws than Switzerland nowadays....

I wonder if that's still true today...

I want to get a Swiss bank account!

Don't mean much these days PA - Austria and most EU countries have signed deals over transparency in banking activity with the OECD and the FATF (Financial Action Task Force) is the enforcer. Basically banks have to be satisfied any transactions are "legal" and be able to support this if asked by FATF.

Despite that, it really does not matter too much as long as there is no illegality involved.