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The Swiss
Brokers - Your Privacy matters! |
Banking in Switzerland
Text Version
[Banking] [Annuities]
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Difference
between
swiss
bank
accounts
and
swiss
annuities
Offshore
Investments
Switzerland
Swiss
Annuities
qualifies
for
IRS
tax
deferral
Swiss
Insurance
Policies
Swiss
Insurance
Company
Foreign
Fixed
income
Annuity
Foreign
variable
annuity
Asset
Protection
with
Swiss
Annuities
Exempt
US
Withholding
tax
Exempt
swiss
withholding
tax
strict
bank
secrecy
law
Foreign
held
annuities
Swiss annuities are the best part of asset protection protected by secrecy laws in switzerland. Your money is held safe in switzerland, accumulates with technical interest rate (2.5%) and profit sharing dividents and currency appreciation for fixed income annuity. The interest returns goes as high as 14% incase of variable annnuities. According to swiss law, your insurance cannot be seized by your creditors, if you plan your annuity properly by naming beneficiaries by designate them as either revokable or irrevokable. There are no limits for your investment amount and duration. You can set your reference currency in USD, CHF, EUR. Clearly swiss annuity investments outperform assets held in Swiss 'Numbered' accounts.
What is the difference between swiss annuities and swiss bank accounts ?
Here are the very important distinction between swiss bank accounts and swiss annuities. More detailed information about swiss annuities and downloads >>
| Swiss Annuity | Swiss Bank Account | |
| Asset Protection | yes | no |
| Creditor Protection | yes | no |
| Secrecy | yes | no (Currently no real privacy for swiss bank accounts) |
| Swiss Income Tax | no | no |
| Swiss Withholdding Tax | no | yes |
| U.S Income Tax | no (variable annuities only. enjoys tax deferred growth) more info | yes ( US citizens would require to report to IRS on Form 1040 on any foreign held bank accounts.) |
| U.S Withholding Tax | no (Since there is no investment in U.S securities) | no (most swiss banks dont allow U.S citizens to invest in U.S securities) |
| U.S Excise Tax | no ( IRS requires you to file Form 720 for 1% excise tax if you buy a foreign held annuities. Recent tax treaty with switzerland eliminates this tax.) But Liechtenstein insurance policies are NOT exempt. | - |
| EU Savings Tax Directive | no | yes |
| Growth | yes (diversified choice of investments can go upto 17% depending upon risk you take) | yes (depends on banks interest rate 2-3%) |
| Depository Institutions | Swiss Insurance Company | Swiss Bank |
| Bankruptcy Proceedings | Possible | According to Swiss law, swiss annuities, when properly structured, your annuity cannot be attached or seized, and cannot be included in any bankruptcy proceedings. Note: It is possible to initiate a bankruptcy proceeding against an investor, within one year of the annuity contract. You should plan atleast 1 year in advance. |
Very Importantly,To avoid a specific judgment, under Swiss law, 'the person must have purchased the policy or designated the beneficiaries not less than one year before any bankruptcy decree or collection process'. Thus plan your annuity well advance ATLEAST a year before. Your timing is thus very critical. Here are the minimum investment required for annuities. Under swiss law, Swiss insurance companies do not issue reports to any government agency, Swiss or foreign: not the initial purchase of the policy, nor the interest and dividends earned.
Difference between US and Swiss annuities
| U.S Annuties | Swiss Variable Annuities | |
| 1. Privacy | no | yes |
| 2. Asset Protection | no | yes |
| 3. Diversification | no | yes |
| 4. Investment Choice | yes | yes |
| 5. Liquidity | yes | yes |
| 6. Tax deferral | yes | yes |
Comparison of offshore investment strategies
| Investment | Individual investment strategy |
Asset protection |
US income tax-deferral |
Exempt from US withholding taxes |
| Foreign bank account | yes | no | no | no |
| Foreign fixed annuities | no | yes | no | yes |
| Foreign variable annuity | yes | yes | yes | yes |
Based on these considerations, we had set a limit for our customers
Swiss Fixed Annuity - USD 25'000.
Swiss Variable Annuity - USD 50'000.
Period : 5 yrs (minimum) , however not compulsory.
| FIXED ANNUITY
Minimum Investment : USD 25'000 |
VARIABLE ANNUITY
Minimum Investment : USD 50'000 |
SPECIAL ASSET CLASS
Minimum Investment : USD 100'000 |
STAR PORTFOLIO
Minimum Investment : USD 100'000 |
We charge NO UPFRONT FEE from our customers, as our commissions are paid by insurance companies in switzerland. We offer you the best advice and consultation for your investments in swtizerland. Your investment is held in First Class Swiss Insurance Company private and secure.
If you are serious investor, please do not hesitate to complete this application form, so that our insurance agent , will contact you directly. Online Annuity Application
Full list of information booklet download here
>>
More swiss annuity related questions are discussed in FAQ's section. Should you have any questions, please use Feedback Form to post us your comments and views.
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