Switzerland is one of the world's most stabilized economies which makes it the most popular country for offshore banking. They have a very stable political system as well, which boosts their economy. Switzerland being a very practical and logical country, stayed neutral through both the World Wars, which in turn helped them enhance their economy. They have been able to successfully increase or develop their banking systems, and 5.6% of the Swiss working class is in the banking industry.

They are one of the oldest countries to engage in offshore banking and certainly the most famous. Whenever we think of offshore or foreign bank accounts Switzerland will almost always come to mind.

Switzerland has quite a legacy of privacy standards in banking operations, dating back to the Middle Ages. Swiss banks are renowned for their rock-solid stability and their rigid pursuit of customer and information privacy and ensuring the safety of resources. All Swiss banks are controlled by the Federal Banking Commission (FBC). In the year 2003, about one-third of all offshore accounts were believed to have been held in Swiss banks. A year before that, in 2002, this number was much less as banks then were following stringent rules.

As per records, in May 2006, many foreign banks operating their branches in Switzerland managed about 870 billion Swiss francs each. The Swiss government, in association with the Federal Banking Commission which is an independent agency administers or controls most of the activities, such as investments, funds, and security markets in Swiss banks.

However, there are some issues that need to be sorted out when you are thinking along the lines of an offshore bank:

- Check out the services that are on offer. And it is worth knowing that there are some services that will take care of your global resource relocations effectively and efficiently.

2. You should opt for the service that provides maximum advantages with minimum transaction time. They should give a lot of importance to your privacy and preferably give you an anonymous investment account for all your financial transactions.

- The political scenario in the country should be stable and conducive to maintaining foreign accounts and carrying out transactions.

- Their banking institutions and economy should be stable. This is an important part of your financial security.

Take advantage of the many different aspects of offshore banking. For instance there are offshore trusts and investment companies as well as banks. Try to get some expert advice before you invest. There is a lot of information online and you would do well to take advantage of it before you start doing any offshore investments or banking. When you know what you are doing you can take full advatage of the many aspects of offshore banking.

A good rule of thumb is to check the bank and country you intend to have an account very carefully and also be sure you know all about the investments you want to make. Find out as much as you can about the country¡¦s laws and regulations before you start your offshore acount or start investing so that you can take full advantage of everything an offshore account can give you.