Banking, Insurance & Tax Setup
We guide newcomers through opening Swiss bank accounts, setting up mandatory insurances (health, liability, etc.), and meeting initial tax registration obligations.
Overview
Banking, insurance, and tax compliance are mandatory for residents and business professionals in Switzerland.
We streamline setup so you can operate legally from day one.
Required Documents
Typically needed:
Passport
Residence permit or application confirmation
Proof of address
Employment contract or business documents
Application Requirements
Banking, insurance, and tax setup vary by canton, but typically:
Health insurance within 90 days
Liability insurance recommended
Bank account required for salary and rent
Tax registration depends on canton
Things to Consider During Application
Banks differ significantly in fees and conditions.
Some banks require in-person verification
Insurance premiums vary by canton
Tax responsibilities differ for EU/EFTA vs non-EU
Processing Time
Bank account: 1–14 days
Insurance approval: 1–7 days
Tax registration: 1–4 weeks
Final Tips
Set up banking and insurance immediately after arrival to avoid compliance issues.
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