Switzerland is among the most prestigious and experienced countries when it comes to private banking. The Swiss banks happily accept accounts from anywhere all over the world as demand is steadily increasing. Many people are eager to open a bank account in Switzerland because of the famous privacy that such accounts provide. Globally, the Swiss have tightest legislation in regards to access to bank accounts and as a result, a Swiss account is often the ideal place to protect your assets.

Even in cases of tax evasion, bank secrecy will not be lifted unless a Swiss judge can be convinced that the account holder has committed a serious crime as punishable by the Penal Code. Failure to report income or assets is not illegal in Switzerland so as a result, neither the Swiss government nor any other government can obtain any information about your bank account.

Such secrecy cannot be broken for private matters either, provided your banking information has been kept strictly confidential by you. In regards to inheritance or divorce, the plaintiffs must first prove the account exists before a judge will consider the case worthy or pursuing.