Five Frequent Questions Pertaining to Owning a Swiss Trust Company (STC):

1. Are Swiss Trust Companies regulated by any government authority?

Answer: STCs are sanctioned by Federal Tax Authority (Bern, Switzerland) and the Registrar in the Canton of incorporation. A Private Swiss Trust Company is a self-regulated privileged entity (not directly regulated by FINMA which oversees banks and brokerages). The Swiss system is very unique in that lawmakers deliberately prefer self-regulation which does not relieve
ownership of anti-money laundering (AML) obligations but does dramatically reduce red tape. If your correspondent bank accounts are located in Switzerland than after reaching certain levels an additional SRO (Self Regulated Organization) designation and membership may be required for the Trust Company. This is usually at the 20 client level or $10 million in managed assets and we can easily assist.

2. Do officers, members or directors have to be accredited by any agency?

Answer: Any additional accreditation would be only be required if you were to provide financial services to Swiss citizens.

3. Are such trust companies audited for compliance or other purposes?

Answer: Annually, internal and external financial audits are required, as well as director and registered agent/office filings.

4. Do US based shareholders have to meet in Switzerland to conduct business?

Answer: No

5. Can the trust company take deposits and make loans?

Answer: The Trust Company is not a deposit taking institution; however it can manage the portfolios of third parties and issue instruments such as safekeeping receipts and promissory notes. It can also make loans.

Posted in: Miscellaneous, Swiss Trust Company, Uncategorized on April 8, 2010

Related Posts

Cross-Border Business Planning

Posted On November 20, 2016
U.S. Shelf Corporations for Privacy Benefits of a Pre-Established Corporation: For Non-U.S. citizens, owning a shelf corporation in the United States may enhance privacy and open new markets.  It should also be noted, however, that to open a bank account they will likely need to travel to the United States and meet with potential banks. Instant availability […]... Read more

Cross-Border Business Planning

Posted On June 12, 2016
The United States is the Largest “Tax Haven” In the World! The United States as a Haven for Privacy: Since 2014, 97 jurisdictions have agreed to impose new disclosure requirements for bank accounts, trusts, and other investments held by international investors. Of the nations the OECD asked to sign on, only a few have declined. […]... Read more

1975 Swiss Trust Company for Sale!

Posted On June 5, 2016
New Offering, Lowest Price, Great Deal! Manage money and gain asset protection without the need to relocate: An unparalleled opportunity and the fastest & least expensive avenue available to business owners. 1975 Swiss Trust Company for Sale! (Turnkey, Admin Included, No Hidden Fees) 1975 Swiss Trust Company: * Swiss Trust Company (41 Years Old) * […]... Read more

Inquire Now

Click To Contact