Keeping a Swiss custodial account when moving abroad

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

Hi people.

I have a very specific question:

I am a citizen of Germany and I have worked in Switzerland for several years and actively invested my money in the stock market (stocks and CFDs). I will be returning to Germany soon and would like to keep some of my stocks and manage my custodial account from Germany (and continue trading CFDs if possible).

Here are my questions:

  • Is it possible to keep my Swiss custodial account?
  • Will I pay a lot of extra fees if I don't live in Switzerland (at Cornertrader Bank)?
  • How will gains be taxed? Do I pay tax in Germany, Switzerland or both? I will not transfer any new money from Germany into my Swiss account - just assets I earned while in Switzerland.)
  • Are there any other terms and conditions I should be aware of? Links would be helpful.

Thank you for your feedback.

 
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  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4072

According to CornèrTrader, your place of residence has no affect on the fees you pay in your case. You pay the same fees whether you live in Germany or Switzerland.

However, other Swiss brokers may charge additional non-resident fees.

Best regards from Moneyguru

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  • No exchange fees for foreign payments (interbank exchange rates)

  • 24 ATM withdrawals worldwide per year free of charge

Swiss digital bank

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  • High interest on your everyday account

  • Best exchange rates

  • Up to 1% of card spending as saveback in the investment portfolio

Free bank account

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  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP) 

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