Banking · Lesson 2 of 5

Opening a Corporate Account

Documents required, timeline, and choosing the right bank

Due Diligence Requirements

Swiss banks apply strict KYC/AML due diligence for all new accounts, particularly for foreign-owned companies. Expect to provide:

  • Commercial Register extract (Handelsregisterauszug) — dated within 3 months
  • Articles of Association
  • Board resolution authorizing account opening
  • Passport copies of all beneficial owners (>25% stake)
  • Proof of address for all beneficial owners
  • Business plan (2–3 pages minimum)
  • Source of funds declaration
  • Expected transaction volumes and business purpose

Timeline by Bank Type

1–3 wksNeon Business
3–6 wksValiant
4–8 wksUBS / ZKB

Tip: Start Banking Early

Begin the banking process as soon as you have your Commercial Register extract. The bank account is often the critical path item — company is incorporated but can't operate until the account is open.

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