“Advocate for International Business”
The Swiss Trust Company Owner
Most Frequently Asked Questions
- Question:Why own a Trust Company? The most common reasons are to gain more control over your business interests and/or to open new avenues of profit. For wealthy families it is often to establish a nest egg in an environment that promotes asset protection. It is, therefore.a captive entity that offers Profit, Privacy and Asset Protection.
- Question:Do Swiss Trust Companies come with a SWIFT membership? No. And if anyone suggests otherwise that should be a red flag to you. You can certainly apply for membership as a new ownerbut it is a long and expensive process and there will beno guarantee of acceptance. Frankly, the Trust Company should work perfectly fine on its own with quality administration.
- Question:Are there any Tax Benefits? No. This is not a tax shelter and should not be viewed as such. Corporate tax can be structure to be minimized in Switzerland but worldwide income tax is becoming the norm and profits will likely pass through to your personal obligations. We would always suggest that you consult with yourprofessional adviser.
- Question: What is the legal basis for a Swiss Trust Company? A common mistake is to look at Swiss Trust Companies through anAnglo-American perspective which often causes confusion. Switzerland has a long history offiduciary agreements and the companies which manage those covenants. A Swiss Trust Company, therefore, is an entity mainly serving as a trustee and regulated by Swisstax law. Your business plan should always be vetted by a reputable Swiss Administrator prior to implementation.Click here for more information
Bermuda’s Annual Captive Insurance Conference is coming June 2 to 4, 2014. This annual conference has offered networking and educational opportunities for over 30 years. A must for Global Risk Financing. You may find their website and conference archives helpful too.
Listing your company on a foreign stock exchange has become more attractive as the world market place has turned to 24-hour trading. Clients may find an Offshore IPO an attractive means to raising much needed capital or for an exit strategy. In addition, an Offshore IPO might be much easier and less expensive to accomplish than its domestic counterpart. Thus, it may be perfect for small to mid-size companies from all over the world. For the benefit of our clients, Corb7 International, Inc. has signed on ongoing affiliate agreement to act as a referring agent with Swiss International Finance Group AG, a renowned firm specializing in capital raises and post-listing services on various European stock exchanges. This firm in particular is special in that both helps clients obtain the initial listing and also has the necessary support network to assist with post IPO services and public relations.
Alternative to Direct SWIFT Membership
Established in 1973, with its headquarters in Belgium, SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a global provider of secure financial messaging services. This service is considered one of the most proficient and economical methods to send payment instructions to correspondent banks. A member-owned cooperative, SWIFT allows financial organizations to conduct business operations promptly and with confidence. More than 9,000 financial institutions in 209 countries trust it every day to exchange millions of standardized financial messages. Thus, SWIFT provides the framework for an international communication system between major financial institutions via bank-to-bank transfers
If SWIFT sounds like a business tool you could use and you do not have or do not want to own a captive financial entity we may have an alternative for you to consider. It is far less expensive and much quicker.