Open a Business Bank Account in Switzerland

Published on October 21, 2025 and written by Cyril Jarnias

Switzerland, renowned for its financial stability and leading banking system, attracts numerous entrepreneurs from around the world. Opening a corporate bank account in Switzerland may seem complex, but with the right information and adequate preparation, this process becomes much more accessible. In this article, we will explore in detail the steps to follow, the necessary documents, and the best banking options for companies looking to establish themselves in Switzerland.

Keys to Opening a Corporate Bank Account in Switzerland

Opening a corporate bank account in Switzerland requires a methodical approach and a clear understanding of local requirements. Here are the essential steps to follow:

1. Choose Your Company’s Legal Structure Before even thinking about opening a bank account, it’s crucial to determine your company’s legal structure. In Switzerland, the most common forms are the Corporation (SA) and the Limited Liability Company (LLC). Each form has its own advantages and implications, particularly in terms of minimum required capital and shareholder responsibilities.

• Your company’s articles of association
• A commercial register extract
• Identification documents for directors and main shareholders
• A detailed business plan
• Proof of fund origin

3. Choose the Bank That Fits Your Needs Switzerland offers a wide range of banking options, from large international institutions to more local cantonal banks. It’s essential to compare offers and choose the one that best matches your specific needs in terms of services, fees, and accessibility.

4. Schedule an Appointment and Present Your File Once you’ve chosen your bank, schedule an appointment to present your file. This step is crucial as it will allow you to explain your business project in detail and answer any potential questions from the bank.

Essential Documents: Prepare to Convince

Swiss banks are known for their thorough due diligence. Here is a detailed list of documents typically required when opening a corporate bank account:

• Certified articles of association
• Recent commercial register extract (less than 3 months old)
• Minutes of the constituent assembly or latest general meeting
• Detailed organizational chart of the company structure

• Certified passport copies of all authorized signatories
• Recent proof of address (utility bills, bank statements, etc.)
• Detailed CVs of directors and main shareholders

• Detailed business plan including 3 to 5 year financial projections
• Audited financial statements from the last two years (for existing companies)
• Proof of fund origin (bank statements, sales contracts, etc.)
• Detailed description of company activities and main business partners

• W-8BEN-E or W-9 forms for companies with US connections
• Recommendation letters from financial institutions or business partners
• Specific licenses or permits according to business sector

It’s important to note that these requirements may vary slightly from bank to bank and depending on your company’s nature. Some institutions may request additional documents, particularly for companies operating in sectors considered high-risk.

Key Steps to Create Your Corporate Bank Account in Switzerland

Creating a corporate bank account in Switzerland follows a well-defined process. Here are the detailed steps to follow to maximize your chances of success:

1. Bank Research and Selection Start with thorough research of different banking options available in Switzerland. Compare offers, fees, services provided, and bank reputations. Don’t hesitate to contact several institutions to get accurate information about their specific requirements.

2. File Preparation Gather all necessary documents mentioned previously. Ensure each document is up-to-date, properly translated if needed, and presented professionally. The quality and completeness of your file will play a crucial role in the bank’s decision.

3. Initial Contact Once you’ve finalized your bank choice, contact the institution, ideally by phone or email. Briefly present your project and request an appointment to discuss account opening. Some banks offer preliminary application forms online.

4. Meeting with a Banking Advisor During your appointment, you’ll meet with an advisor specialized in corporate accounts. Be prepared to present your activity in detail, your financial projections, and answer all questions regarding your company structure and fund origin.

5. Document Verification and Due Diligence After the meeting, the bank will conduct thorough verification of all provided documents. This step can take several weeks, or even months for complex files. The bank may request additional information or documents during this period.

6. Bank Decision Once your file review is complete, the bank will inform you of its decision. If accepted, you’ll receive the necessary documents to finalize account opening.

7. Finalization and Account Activation If your application is approved, you’ll need to sign various contractual documents. Once these formalities are completed, your account will be activated and you’ll receive the necessary information to start using it (account number, online access, etc.).

Best Swiss Banks for Your Business: Comparative Advantages

Switzerland is home to many reputable banking institutions, each offering specific advantages for businesses. Here’s an overview of the main banks and their strengths:

• Extensive international network, ideal for companies with global activities
• Advanced and secure online banking services
• Recognized expertise in wealth management and investment services

UBS stands out for its global presence and cutting-edge technological solutions. It offers a complete range of banking services adapted to businesses of all sizes, with particular expertise in international transactions and trade finance.

• Strong presence in emerging markets
• Leading investment banking services
• Custom solutions for innovative companies and start-ups

Credit Suisse is particularly appreciated for its personalized approach and support for growing companies. The bank offers specific programs for start-ups and scale-ups, providing support beyond basic banking services.

• Strong local presence and deep knowledge of the Swiss market
• Cooperative approach fostering long-term banking relationships
• Competitive rates for SMEs and local businesses

Raiffeisen is ideal for companies seeking a bank with strong regional presence in Switzerland. Its cooperative model allows for a more personalized approach and locally-made decisions, which can be an advantage for small and medium-sized enterprises.

• State guarantee offering additional security
• Expertise in SME and local business financing
• Innovative digital banking services

ZKB, like other cantonal banks, benefits from a state guarantee, which can be reassuring for some companies. It’s particularly well-positioned to serve companies with strong presence in the Zurich canton and surrounding areas.

• Focus on ethical and sustainable businesses
• Total transparency on fund usage
• Support for innovative projects in the social and solidarity economy

BAS stands out for its commitment to sustainable development and ethics. It’s particularly suitable for social, environmental, or cultural companies seeking a bank aligned with their values.

Expert Tips for Successful Account Opening

Drawing from my experience in assisting entrepreneurs with company formation abroad, here are some valuable tips to maximize your chances of success when opening a corporate bank account in Switzerland:

1. Anticipate and Prepare Meticulously The key to successful account opening lies in preparation. Start gathering your documents and structuring your project well before contacting banks. This proactive approach demonstrates your seriousness and professionalism.

2. Be Transparent and Precise Swiss banks value transparency. Be prepared to provide detailed information about your company, its activities, and fund origin. Any inconsistency or lack of clarity can raise red flags and delay the process.

3. Demonstrate Your Company’s Viability Prepare a solid business plan and realistic financial projections. Banks want to understand how your company will generate revenue and manage its risks. The more detailed and credible your plan, the better your chances of convincing them.

4. Consider Local Professional Assistance Engaging a lawyer or consultant specialized in bank account opening in Switzerland can greatly facilitate the process. These professionals know the subtleties of the Swiss banking system and can guide you effectively.

5. Be Patient and Responsive Opening a bank account in Switzerland can take time. Remain patient throughout the process, but also be responsive to bank requests. Respond promptly to any additional information requests to avoid unnecessary delays.

6. Cultivate a Long-Term Relationship Swiss banks appreciate lasting relationships. Present your long-term vision and how you plan to develop your relationship with the bank over time. This can include expansion projects, future financing needs, or more advanced banking services.

7. Respect Compliance Standards Switzerland has strengthened its regulations regarding money laundering and tax evasion. Ensure your company is fully compliant with these standards and be prepared to demonstrate it.

8. Choose the Right Legal Structure Your company’s legal form can influence the account opening process. Ensure your structure is adapted to your activities and Swiss bank requirements.