Swiss Business Registration Service
Hotline: 86-755-82143422 Email: anitayao@citilinkia.com
The word combination “Swiss bank” is a synonym of reliability nowadays. The bank secrecy is very important in Switzerland, and this is one of the main reasons why wealthy people all over the world prefer to keep their property at Swiss banks.
The activity of all banks in Switzerland is controlled by the state organization which calls the Swiss Financial Market Supervisory Authority (FINMA).
The banking system is characterized by stringent regulations. Both banks and bank-type finance companies need to be registered with the Federal Banking Commission (FBC). The Federal Banking Commission, together with the Swiss National Bank exercises a rather stringent control over the functioning of banks.
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Due to the fact that the FBC also regulates the bank not trading business any bank wanting to involve in the banknote business has to obtain the approval from the Commission. In the course of a trend towards liberalization of financial markets banking fees were liberalized. The banking sector plays a major role in Switzerland as it provides more than one third of the tax revenue of all enterprises and about 20% of the taxes paid by companies and private individuals together. There are more than 600 banks present in Switzerland, so all major international banking institutions are represented here. Banking in Switzerland is based on the principle of universal banking.
The bank system in Switzerland significantly differs from the ones at other countries. Usually the main bank profit in Switzerland is so-called management fee, which the bank gets as the reward for managing the client’s possessions.
Types of Swiss Banks
There are state, private and local (cantonal) banks in Switzerland. Cantonal banks are usually serving the domestic clients. The biggest and the best-known Swiss banks are Credit Suisse and UBS. Together they keep more than 50% of all Swiss deposits.
Contact Us
If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net , or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com