Can a company open a Swiss bank account? 
 
Yes, a company can open a Swiss bank account regardless of its domicile.  Switzerland has a Swiss Commercial Register for company’s performing business in Switzerland.  If the company’s registered office is in Switzerland, the company can be identified and verified through the Swiss Commercial Register.  If the company is not listed in the register, it can be verified my means of equivalent relevant documents.  For verification purposes, all creditable documents provided for company verification must be dated within 12 months of opening the bank account.  If documents presented are older than 12 months, an audit or “certificate of good standing” must accompany the documents and must be dated within the 12 month threshold.   

Exceptional rules apply to domiciliary companies when opening a Swiss bank account.  The Swiss law states that “domiciliary companies” are those that do not conduct commercial or manufacturing business or any other form of a commercial operation in the country in which they are registered and located.  Therefore, in addition to producing the proper documents for verification they must also declare the identity of the beneficial owners of their assets. 

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