Secrets of Swiss Banking
An Owner's Guide to Quietly Building a Fortune
Switzerland and the subject of Swiss banking have evolved over the past few
decades, but the legendary ability of Swiss banks to attract incredible sums of money from all over the
globe has only increased over time, strengthening this little country's position in the world. Why?
Because Switzerland has remained independent in the face of global geo-politics, including pressures the
European Union to join them and pressures from the United States to abolish their Banking Secrecy Act.
Switzerland intends to remain free from such insanity and to hold it's own in the face of outside
demands. This book, then, is not only about Switzerland and Swiss banking, but it is also about a bigger
picture of where Switzerland stands today within the current context of world events-and how this unique
country can avail itself to you for your benefit.
Written by a renowned specialist in tax havens and offshore banking, Secrets of Swiss Banking, 2008, reveals a way for you to safely and legally hide your money and protect your assets, all the while quietly building your retirement funds and personal fortune without the need for complicated financial planning. Hoyt Barber provides up-to-the-minute, authoritative information for both those who are new to the subject and those who are more experienced and seek an update of the most current information, approaches, and ideas. All readers will advance their understanding to a new level and be in a better position to take advantage of current opportunities and future prospects as well as avoid potential problems. Barber skillfully explains the different types of Swiss bank accounts, how to select a bank and how to invest in stocks, bonds, and other financial instruments through your Swiss bank. He details Swiss banking policies and regulations along with U.S. tax and reporting requirements. And he even outlines the best alternatives to Switzerland.
For anyone interested in protecting their assets and safely securing their financial future, Secrets of Swiss Banking provides the advice they need to succeed.
Hoyt Barber is a renowned specialist in tax havens and offshore banking and has served as a financial consultant to clients worldwide. He has authored ten books, including Tax Havens Today, also published by Wiley. Barber is the president of Barber Financial Advisors, in Vancouver, British Columbia, Canada, a provider of offshore financial services, and the popular Offshore Evaluation Service. Click here to visit Barber Financial Advisors
Back Cover
Take action to secure your financial freedom and future now! Offshore financial specialist Hoyt Barber shows how to protect your hard-earned assets by safely and legally moving your money into trusted Swiss financial institutions.
Along with timely banking advice and solid investment insights, Barber provides authoritative advice and solid investment insights, Barber provides authoritative information on a variety of Swiss banking-related issues--from the basics of opening an account to the nuances of numerous Swiss banking and investment strategies. He includes guidance on foreign currency accounts, trust account deposits, securities trading, investment funds, futures and commodities trading, precious metal investments, margin accounts, custody service, a personal Swiss safe deposit box, and a myriad of Swiss investment alternatives that provide iron-clad asset protection--in addition to a few valuable but little-known Swiss banking strategies.
Table of Contents
Preface
CHAPTER 1 - CHALLENGES AND THREATS
- The Economic Front
- The Political Landscape
- The Un-Patriotic Act
- The New America
- Personal Sovereignty and the Urgency to Act
CHAPTER 2 - SWITZERLAND – ALPINE FINANCIAL OASIS
- Roots of Political and Monetary Stability
- The Swiss People Reject the European Union
- Armadillo-Tough Asset Protection
- Twin Democratic Republics
- Bankers to the World
- Bank Secrecy in a World of Transparency
- Cloak and Dagger
- Swiss Franc
CHAPTER 3 - WHERE TO BEGIN: OPENING A SWISS BANK ACCOUNT
- Types of Swiss Banks
- How to Select a Swiss Bank
- Types of Swiss Bank Accounts
- Other Swiss Banking Facilities
- Opening Your Swiss Bank Account
- Online Banking
- Written Instructions to Your Bank
- The Perfectly-Legal Secret Account
- Tax Fraud or Tax Evasion?
- Worried About an Audit?
CHAPTER 4 – INVESTING THROUGH YOUR SWISS BANK
- Stocks and Bonds
- Swiss Bank Bonds
- Forward Contracts or Futures and Margin Accounts
- Precious Metals
- Foreign Currencies
- Commodities
- Warrants and Options
- Mutual Funds and Electronic Traded Funds
- Real Estate Investment Trusts
- Real Estate
- Your Own Private Monetary Policy
CHAPTER 5 – BANKING POLICIES AND REGULATIONS
- The Swiss Regulators
- Financial Action Task Force (FATF)
- Money Laundering
- Qualified Intermediaries (QI’s)
- U.S. Taxpayer Requirements
- Structuring
- Tax Treaties
CHAPTER 6 - THE ULTIMATE INVESTMENT PLAN
- Secrecy Factor
- Investment Safety
- World’s Best Asset Protection
- Swiss Legal Proceedings
- Swiss Franc
- U.S. Tax and Reporting Requirements
- Tax-Deferred Earnings
- The 1035 Tax-Free Exchange
- Swiss Taxes
- Compound Earnings and Interest
- Swiss Portfolio Bond
- Swiss Annuity
- Swiss Life Insurance
- Blacked-Out, Forbidden and Little-Known Investment Opportunities
CHAPTER 7 - ALPINE RETREAT FOR BUSINESS AND PLEASURE
- Business Practices
- Travel
- Tax-Advantaged Residency
- Immigration
- Swiss Real Estate
- Swiss Real Estate Investment Companies
- The Swiss Company
- Doing Business in Switzerland
- Back Door to Switzerland
CHAPTER 8 - THE BEST ALTERNATIVES TO SWITZERLAND
- T-7 Tax Havens
- Liechtenstein
- Andorra
- Austria
- Panama
- Belize
- Saint Kitts and Nevis
- Tax Information Exchange Agreement (TIEA)
- Mutual Legal Assistance Treaty (MLAT)
Appendix A – Swiss Banks
Appendix B – Other Swiss Service Companies
Appendix C – Resources
Appendix D – Suggested Readings
About the Author
Index