Liechtenstein private banking
- Thread starter alextma
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It works; but frankly, it is not the use case that Swissquote (SQ, commonly) is meant for. SQ is mainly a (reputable) trading platform – and it is mostly used this way.
And especially, if the intention is like descibed below
such a person will︃ be remarkably more comfortable with any reputable Swiss private bank (and, probably, with a support︄ from some Family Wealth Office). Yes, there is usually ~500k-1m (sometimes more, for example for︅ Rothschild 5m) first deposit requirement but if it concerns large savings, it should not matter...︆ (furthermore, it is usually possible to open a discussion about it).
I am afraid, not︉ much. It is possible to open with Dukascopy but it has a sense only for︊ amounts less than 50k, otherwise it is unnecessarily expensive. Especially for business accounts, CIM Banque︋ can be used.
And especially, if the intention is like descibed below
such a person will︃ be remarkably more comfortable with any reputable Swiss private bank (and, probably, with a support︄ from some Family Wealth Office). Yes, there is usually ~500k-1m (sometimes more, for example for︅ Rothschild 5m) first deposit requirement but if it concerns large savings, it should not matter...︆ (furthermore, it is usually possible to open a discussion about it).
I am afraid, not︉ much. It is possible to open with Dukascopy but it has a sense only for︊ amounts less than 50k, otherwise it is unnecessarily expensive. Especially for business accounts, CIM Banque︋ can be used.
Yes, it is true that Liechtenstein is not a signatory neither of Lugano Convention 1988 nor of Lugano Convention 2007; but I must admit I do not see what advantage it brings... how the money are more protected.
@Konstanz, could I ask you for some clarification?
I presume, @Konstanz means The Convention on Jurisdiction and The Recognition and Enforcement of Judgments in Civil and Commercial Matters︀ that was concluded in Lugano on 30 October 2007 (and before it on 16 September︁ 1988, commonly called Lugano Convention). This is probably the document that you have in mind.︂
@Konstanz, could I ask you for some clarification?
I presume, @Konstanz means The Convention on Jurisdiction and The Recognition and Enforcement of Judgments in Civil and Commercial Matters︀ that was concluded in Lugano on 30 October 2007 (and before it on 16 September︁ 1988, commonly called Lugano Convention). This is probably the document that you have in mind.︂
If you have︀ dispute some place in EU (for example your EU nationality country).
In EU your funds︁ can be easily frozen for some wife/business partner dispute and the court decision is enforceable︂ in all Lugano Convention countries.
So, let's say if you keep assets in Liechtenstein, they︃ cannot be frozen without going to courts in Liechtenstein. Good luck to person trying coming︄ to Liechtenstein to take someones property.
All Liechtenstein country is based on protecting assets, privacy︅ and etc. In EU countries there are crazy laws and assets can be frozen easily︆
Also it would be way more expensive for someone to try false court claim in︇ Liechtenstein than local EU country were they can get "state" attorney 🙂
In EU your funds︁ can be easily frozen for some wife/business partner dispute and the court decision is enforceable︂ in all Lugano Convention countries.
So, let's say if you keep assets in Liechtenstein, they︃ cannot be frozen without going to courts in Liechtenstein. Good luck to person trying coming︄ to Liechtenstein to take someones property.
All Liechtenstein country is based on protecting assets, privacy︅ and etc. In EU countries there are crazy laws and assets can be frozen easily︆
Also it would be way more expensive for someone to try false court claim in︇ Liechtenstein than local EU country were they can get "state" attorney 🙂
In Liechtenstein like anywhere else you are just a Google search away from having your assets frozen. All what it takes, for example, is a false and defamatory article written by your spouse/competitor/stalker.
They are not "completely away" in any form from eu.
Google the lugano convention which has been brought up before already.
Google the lugano convention which has been brought up before already.
Don’t keep all your eggs in one basket and don’t trust banks.
Since I am still forced to use banks, I split between several jurisdictions and use a few tricks which I can’t disclose publicly or the forum police will slap me. I am conscious that money in the bank is not my money (like crypto without your keys is not your crypto) and can be taken away in many ways, so I govern myself accordingly.
As far as crypto is concerned, I do index investing and by doing so I have︀ made good money on coins that I would never have touched otherwise. Sure enough I︁ also lost money on shitcoins that disappeared, but that’s part of the game.
Physical gold︂ is nice to handle but of little practical use if you really need to do︃ something with it. If things get so ugly that you must think about selling gold︄ to survive, most probably a good rifle and plenty of ammo will be more useful.︅
Try to invest in startups, where you can understand the books better than listed stocks.︆
And whenever you see an investment opportunity go for it, as long as you understand︇ what you are investing in.
Since I am still forced to use banks, I split between several jurisdictions and use a few tricks which I can’t disclose publicly or the forum police will slap me. I am conscious that money in the bank is not my money (like crypto without your keys is not your crypto) and can be taken away in many ways, so I govern myself accordingly.
As far as crypto is concerned, I do index investing and by doing so I have︀ made good money on coins that I would never have touched otherwise. Sure enough I︁ also lost money on shitcoins that disappeared, but that’s part of the game.
Physical gold︂ is nice to handle but of little practical use if you really need to do︃ something with it. If things get so ugly that you must think about selling gold︄ to survive, most probably a good rifle and plenty of ammo will be more useful.︅
Try to invest in startups, where you can understand the books better than listed stocks.︆
And whenever you see an investment opportunity go for it, as long as you understand︇ what you are investing in.
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