CONTENTS
Concept of Offshore and Onshore
Switzerland - a smarter choice
ANNUITY
Difference between swiss bank account vs swiss annuity
| 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.) | - |
| 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. |
Our services is FREE and no upfront fee we charge, as we are compensated directly by insurance companies. But we demand Minimum Investment
Fixed Annuities - USD 20'000 Click Here for More Information
Variable Annuities - USD 50'000 Click Here for More Information