The Swedish Trust Company is structured as a Limited Partnership and registered as a Regulated Service Provider in accordance with the Money Laundering and Terrorist Financing Prevention Act (Law 62:2009). (Similar to New Zealand FSPs, Anjouan Banks, Belize Brokerages)
Our Swedish Trust Companies come complete with Certificates of Registration evidencing compliance with this Act. All documentation is provided in Swedish and English with Apostille legalization. The Trust Company can manage any type of asset held in Trust for any number of clients (individuals or legal entities) resident anywhere in the world. The Trust Company must have a minimum of one partner with unlimited liability, and a minimum of one partner with liability limited to the investment in the company. There are no minimum or maximum amounts for investment by limited partners. The partners can be physical individuals or legal entities of any nationality and resident anywhere in the world. We do not offer nominee partners. Our clients have to provide their own general and limited partners, whether physical individuals or legal entities and all parties must be properly identified.
It is not so much for the creation of Trusts as such that Sweden should be considered the jurisdiction of choice, but rather as a jurisdiction for the Trustee, the Trust Company. For the sake of completeness, let us start by defining a Trust. A Trust arises when property is transferred by one party to be held by another party for the benefit of a third party. A Trust is created by the Settlor, who transfers an asset to the Trustee, who holds that trust property for the benefit of the Beneficiaries. The Settlor can also be known as the Trustor, Grantor, Creator or Founder.
Many Offshore Tax Havens allow for Trusts to be created under their laws without the need for any registration of the Trust Deed (the document creating the Trust). To create an Offshore Trust can consequently be as simple as to mention in the Trust Deed that the Trust in question should be governed by the laws of a specific Tax Haven jurisdiction. Our service package includes Trust Deed templates for the creation of any number of Offshore Trusts. Each time your Trust Company (the Trustee) accepts a new customer, a new Offshore Trust is created through the execution of a Trust Deed, just as a Bank would execute an account agreement when a new account is created for a customer.
Our firm Swedish Trust
To create a Trust and to choose the right offshore jurisdiction is one thing but if you wish to create and manage Trusts professionally, as a Trustee, a special license is required in most jurisdictions. To obtain and maintain the required license for Trust Management activities in an offshore tax haven jurisdiction is an onerous process, generally subjecting the licensee to similar requirements as those of a fully licensed Bank, meaning extensive regulation in regards to capital, qualification and local physical presence. There are no such requirements in Sweden and a person/entity managing assets professionally as a Trustee simply needs to comply with Anti Money Laundering (AML) Legislation and needs to be specifically registered as a Regulated Provider of Trust Management Services. The Trust Companies we offer come fully compliant with this registration requirement.
Sweden is a well respected jurisdiction and legal entities enjoy wide recognition and respectability, not only throughout Europe but worldwide. The legal status of a Swedish entity is easy to verify with local authorities and registration documents are provided in both Swedish and English. The AML Registration is a crucial element when opening bank accounts for the Trust Company, since any reputable bank, anywhere in the world, would be hesitant to open accounts for an entity handling third party funds unless compliance with AML regulations can be properly documented. Our concept of a Swedish Trustee Company managing offshore trust accounts combines the best of two worlds, Onshore respectability and prestige with Offshore tax and privacy advantages.
Our Swedish Trust Company package includes:
- COMPANY REGISTRATION CERTIFICATES IN SWEDISH AND ENGLISH
- ENGLISH TRANSLATION OF THE LAW REGULATING SWEDISH PARTNERSHIPS
- REGISTRATION AS TRUST MANAGER IN ACCORDANCE WITH THE MONEY LAUNDERING AND TERRORIST FINANCING PREVENTION ACT OF 2009 (AML COMPLIANCE)
- AML COMPLIANCE REGISTRATION CERTIFICATE
- KYC (KNOW YOUR CLIENT) MANUAL AND GUIDELINES
- INTRODUCTION TO PAYMENT CLEARING PROVIDER
- INTRODUCTION TO ONLINE BANKING SOFTWARE PROVIDER
- TRUST DEED TEMPLATES FOR CREATION OF OFFSHORE TRUSTS
- BIC IDENTIFIER CODE REGISTERED ON SWIFT®
- COMPANY DOCUMENTS NOTARIZED AND CERTIFIED WITH APOSTILLE
The Trust Assets:
There are no limitations on the types of assets that can be placed under management by a Trust Company.
Assets can include but are not limited to:
- CASH DEPOSITS (NO CURRENCY RESTRICTIONS)
- MUTUAL FUNDS
- HEDGE FUNDS
- ANY TYPE OF SECURITIES
- PRECIOUS METALS
- REAL ESTATE
- INVESTMENTS IN GENERAL
Our Trust Company package includes document templates for creating any amount of Trust Accounts for managing any type of assets. The package also includes documentation and manuals in regards to internationally accepted KYC (Know Your Customer) procedures applicable to international financial service providers.
As a partnership the Trust Company is a legal entity but not subject to taxation itself since it is treated as a “pass through” entity. The partners should pay taxes on their share of the reported profits (if any). Jurisdictions with territorial taxation systems might obviously not impose any taxation on the foreign (in this case Swedish) source income of the partners, in which case the Swedish Trust Company could be a tax free structure, registered in what is generally perceived as a high tax country. We recommend that you seek professional tax advice concerning your specific circumstances in your country of tax domicile and in any country in which you intend to transact business in order to assess your tax liabilities.
BIC Identifier Code
Your Trust Company comes complete with an already registered Identifier BIC. This means that your Trust Company can be verified on the SWIFT® system.
Pricing and Procedure
The price for our complete package as described above is EUR 24,000.00. The formation of a new Trust Company with the name of your choice takes 2-4 weeks to process. We also keep a stock of existing Trust Companies available for immediate acquisition. Please contact us for details about available entities.
We will include the ebanq software solution as part of the package for an additional 10,000 euro.
You can review the technology here:
Or we can set-up global clearing and banking for $2,500 USD view here:
Or set-up branded and cobranded credit cards, master cards, union pay, globally:
In addition we can support Euroclearing and Swift Clearing system set-ups. For transferring of securities globally and holding securities in custodianship.