Swedish Trust Company

We can offer the opportunity to share a complete Swedish (EU) Trust Company package with Wallex Online Banking Software, Registration as Regulated Trust Management Company, and SWIFT/BIC registration. There are no limitations on the type 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, Virtual IBAN)
▪ Cryptocurrencies (OTC Desk, Liquidity Provider,Exchange and Wallet Services)
▪ Stocks
▪ Bonds
▪ Debentures
▪ Mutual Funds
▪ Hedge Funds
▪ Any type of Securities Commodities
▪ Precious Metals   
▪ Real Estate
▪ Investments in General

 

Our Swedish Trust Company package includes:

▪ Company Registration Certificates in Swedish and English
▪ Registration as Fiduciary/Trust Company in accordance with the Money   Laundering
 and Terrorist Financing Prevention Act of 2017 (AML Compliance)
▪ AML/KYC (Know Your Client) Compliance Guide and Regulations
▪ Trust Deed Templates for the Creation of Unlimited Trust Accounts
▪ BIC Identifier Code Registered on SWIFT®
▪ Online Banking System
▪ Introduction for VISA/MC White-Label Card Issuing

We offer new formations and sales of existing Trust Companies registered in Sweden, full member of the European Union and one of the most stable, wealthy and technologically advanced nations in the world. A Swedish Trust Company is the perfect and most prestigious vehicle available today for managing and protecting international client assets of any kind. The Trust Company is registered as a regulated provider of trust management services with Stockholm County Administrative Board as Supervisory Authority and comes complete with a comprehensive custom Anti- Money Laundering and Countering Financing of Terrorism (AML/CFT) Compliance Program.

 

Future Proof

The Trust Company complies with the upcoming regulation of cryptocurrencies under the 5th EU Anti-Money Laundering Directive. Although the 5th directive will not take force until 2019-2020 in most EU countries, some jurisdictions such as Estonia have chosen early adoption in order to attract applicants for cryptocurrency licensing. This Swedish Trust Company, although by no means limited to cryptocurrency related activities, has the same legal capacity to act as cryptocurrency exchange and wallet custodian as an Estonian company with a cryptocurrency license, with the added benefit that it can legally manage any type of assets on behalf of clients, including traditional asset classes such as fiat currency deposits and securities.

 

A Trust Company – Not a Trust

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.

To create a Trust and to choose the right offshore jurisdiction is one thing but if you wish to create and manage Trusts professionally for clients, 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 Commercial Bank, meaning extensive regulation with regards to paid up capital, qualification and local physical presence.

In Sweden, an entity managing assets professionally as a Trustee needs to comply with Anti Money Laundering (AML) Legislation and is required to be registered as a Regulated Provider of Trust Management Services and be subject to supervision by a Supervisory Authority for AML purposes. The Trust Companies we offer come fully compliant with this registration requirement, with the Stockholm County Administrative Board as the Supervisory Authority. There are further no formal requirements with regards to capital, qualification or physical presence.

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 as a regulated entity 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.


Onshore – Offshore Excellence

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. The offshore trust arrangements can remain private and tax free, yet the Trust Company is registered in an EU country rather than an offshore tax haven. The Company is structured as a Limited Partnership, a pass-through (tax transparent) structure and although a Swedish legal entity, not in itself considered a tax-resident of Sweden. Taxable profit (if any) is passed on to the partners in their country of tax residence (if applicable). Partners can be individuals and/or legal entities from anywhere in the world.

 

The Legal Structure

The 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 2017:630). Our Trust Companies come complete with Certificates of Registration evidencing compliance with this Act. All documentation is provided in Swedish and English. The Trust Company can manage any type of assets 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.

 

Swedish Trust Company Setup

▪ Minimum amount of partners/founders: 2
▪ Qualification requirements: none
▪ Minimum paid up capital: No required
▪ Annual Renewal Fee: none
▪ Timeframe for formation: 6-8 weeks
▪ Shelf entities available: Inquire

Note that partners can be physical individuals or legal entities of any nationality and resident anywhere. All parties must be identified with certified copies of government issued photo ID. There is no annual renewal fee, or fee for resident agent, but a local mailing address must be maintained, at a cost of approximately EUR 200 per annum.

Swedish Trust Company

We can offer the opportunity to share a complete Swedish (EU) Trust Company package with Wallex Online Banking Software, Registration as Regulated Trust Management Company, and SWIFT/BIC registration. There are no limitations on the type 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, Virtual IBAN)
▪ Cryptocurrencies (OTC Desk, Liquidity Provider,Exchange and Wallet Services)
▪ Stocks
▪ Bonds
▪ Debentures
▪ Mutual Funds
▪ Hedge Funds
▪ Any type of Securities Commodities
▪ Precious Metals   
▪ Real Estate
▪ Investments in General

 

Our Swedish Trust Company package includes:

▪ Company Registration Certificates in Swedish and English
▪ Registration as Fiduciary/Trust Company in accordance with the Money   Laundering
 and Terrorist Financing Prevention Act of 2017 (AML Compliance)
▪ AML/KYC (Know Your Client) Compliance Guide and Regulations
▪ Trust Deed Templates for the Creation of Unlimited Trust Accounts
▪ BIC Identifier Code Registered on SWIFT®
▪ Online Banking System
▪ Introduction for VISA/MC White-Label Card Issuing

We offer new formations and sales of existing Trust Companies registered in Sweden, full member of the European Union and one of the most stable, wealthy and technologically advanced nations in the world. A Swedish Trust Company is the perfect and most prestigious vehicle available today for managing and protecting international client assets of any kind. The Trust Company is registered as a regulated provider of trust management services with Stockholm County Administrative Board as Supervisory Authority and comes complete with a comprehensive custom Anti- Money Laundering and Countering Financing of Terrorism (AML/CFT) Compliance Program.


Future Proof

The Trust Company complies with the upcoming regulation of cryptocurrencies under the 5th EU Anti-Money Laundering Directive. Although the 5th directive will not take force until 2019-2020 in most EU countries, some jurisdictions such as Estonia have chosen early adoption in order to attract applicants for cryptocurrency licensing. This Swedish Trust Company, although by no means limited to cryptocurrency related activities, has the same legal capacity to act as cryptocurrency exchange and wallet custodian as an Estonian company with a cryptocurrency license, with the added benefit that it can legally manage any type of assets on behalf of clients, including traditional asset classes such as fiat currency deposits and securities.


A Trust Company – Not a Trust

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.

To create a Trust and to choose the right offshore jurisdiction is one thing but if you wish to create and manage Trusts professionally for clients, 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 Commercial Bank, meaning extensive regulation with regards to paid up capital, qualification and local physical presence.

In Sweden, an entity managing assets professionally as a Trustee needs to comply with Anti Money Laundering (AML) Legislation and is required to be registered as a Regulated Provider of Trust Management Services and be subject to supervision by a Supervisory Authority for AML purposes. The Trust Companies we offer come fully compliant with this registration requirement, with the Stockholm County Administrative Board as the Supervisory Authority. There are further no formal requirements with regards to capital, qualification or physical presence.

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 as a regulated entity 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.


Onshore – Offshore Excellence

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. The offshore trust arrangements can remain private and tax free, yet the Trust Company is registered in an EU country rather than an offshore tax haven. The Company is structured as a Limited Partnership, a pass-through (tax transparent) structure and although a Swedish legal entity, not in itself considered a tax-resident of Sweden. Taxable profit (if any) is passed on to the partners in their country of tax residence (if applicable). Partners can be individuals and/or legal entities from anywhere in the world.


The Legal Structure

The 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 2017:630). Our Trust Companies come complete with Certificates of Registration evidencing compliance with this Act. All documentation is provided in Swedish and English. The Trust Company can manage any type of assets 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.


Swedish Trust Company Setup

▪ Minimum amount of partners/founders: 2
▪ Qualification requirements: none
▪ Minimum paid up capital: No required
▪ Annual Renewal Fee: none
▪ Timeframe for formation: 6-8 weeks
▪ Shelf entities available: Inquire

Note that partners can be physical individuals or legal entities of any nationality and resident anywhere. All parties must be identified with certified copies of government issued photo ID. There is no annual renewal fee, or fee for resident agent, but a local mailing address must be maintained, at a cost of approximately EUR 200 per annum.