Opening Bank Accounts

A Swiss bank account to establish a company in Switzerland is needed in order to pay in the capital deposit. In Zug, companies can be established with Bitcoin or Ether.

Opening a bank accounts for DLT companies bear higher risks such as money laundering, fraud, foreign regulation etc.DLT specific risks need to be considered from the banks’ side such as money laundering, fraud, foreign regulations risks.

The Swiss Bankers Association published guidelines with general expectations for banks in relation to opening corporate accounts for blockchain companies.