Corb7 Blog

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.

Related Posts

New Opportunity!

Posted On March 18, 2019

“Profit & Asset Protection” – Elite Performance for Business – International Business Opportunity Swiss Trust Company 58 Year-Old Swiss Trust Company A 58 year-old Swiss Trust Company is immediately available for acquisition. This is a totally unique business tool offering unparalleled prestige and history. It simply does not get any better and for a low […]... Read more

---

New Business Opportunity for Sale!

Posted On March 7, 2019

“International Business & Wealth” – Profit, Privacy & Asset Protection – New Business Opportunity for Sale! * 112 Year-Old “Vintage” US Corporation!  Established in the year 1907 Price $207,800  * Rare Opportunity * 112 Years of Corporate Goodwill *Asset likely to Increase in Value * Perfect Privacy Vehicle for Non-US Citizens  International Business Business For Sale! […]... Read more

---

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

---