Switzerland is often called “the world’s premier business haven” with its exceedingly friendly business culture and a world-class infrastructure second to none. One of the most important industries within Switzerland is the iconic banking sector. One-third of the world’s wealth resides in this tiny nation. Tradition, integrity and trust are adjectives that all aptly describe this international business destination.
1) Eastern European Business Owners: To seek sanctuary from political uncertainty.
2) US Real Estate Developers: To raise & manage capital from private overseas investors to fund real estate development in the United States. Also applies to similar industries.
3) Wealthy Families or Business Partners: To use as a management tool to protect, invest and consolidate wealth by warehousing assets and segregating interests via mandate for reinvestment reflecting differing tolerance to risk.
4) South African Business Owners: Manage international profits in response to government currency controls in country of origin. Also applies to other countries with similar restrictions in place
5) Financial Services: To use as an alternative to owning a “Captive Bank” or Class B Bank. The cost of time and money to establish ownership of bank has soared while profit multiples have plummeted. Thus, a Swiss Trust Company can be an attractive alternative for international business.
6) Internet Based Business Owners: Enhance corporate profile while at the same time establishing a quality European beachhead with an outstanding professional network of attorneys and bankers.
7) Import Industry & Shipping Industry: Control transactions more efficiently and establish true corresponding bank relationships.
Please note that Swiss Trust Companies are not a tax shelters.