Asset Management structure registered in Sweden, full member of the European Union.This entity can be used to manage Cash, Securities or any type of assets for clients worldwide.Turn-key packages offered with Online Banking Software, BIC Registration and more.
The Legal Structure
The Trust Company is structured as a Limited Partnership and registered in Sweden, a full member of the European Union. In addition to registration in the Swedish Company registry, Trust Companies are also subject to registration as Regulated Service Providers in accordance with the Money Laundering and Terrorist Financing Prevention Act (Law 62:2009). These legal entities are subject to Swedish AML laws and the Supervisory Authority for AML purposes is the Stockholm County Administrative Board. Our 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. Amounts invested are not required to be paid up. Partners can be physical individuals or legal entities of any nationality and resident anywhere in the world. Our firm can also provide nominee partners and issue General Power of Attorney if required.
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
• Cryptocurrencies (Exchange and Wallet Services)
Although the 5th Directive will not take force until 2019-2020 in most EU countries, some jurisdictions in Europe such as Estonia have chosen early adoption in order to attract applicants for cryptocurrency licensing. The 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 or a Maltese company with cryptocurrency licenses, 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.
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 locally and internationally accepted KYC (Know Your Customer) procedures applicable to international financial services providers.
As a partnership the Trust Company is a legal entity but not subject to taxation itself. The partners should pay taxes on their share of the reported profits (if any). Note that our firm can provide nominee partners if required.
The Banking Software
The EBANQ banking software could be also provided. The EBANQ online banking software was designed to be the most user friendly e-banking application on the market, not only for your end-users, but also for you, the administrator. The platform is 100% web based, and encrypted using bank-grade SSL encryption. Your users can login from any device, using any browser, with their username and password. The system detects and adjusts to the device, screen size and browser used, ensuring a perfect layout and functionality on desktops, laptops, smartphones, and tablets alike. More info may be seen on our www.gmc-ebanq.com and all further inquiries are welcome
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. As an example, search for “Overseas Trust” in the BIC Search field on Swift.Com. You will find our own Trust Company, Overseas Trust Scandinavia KB with Identifier BIC OVTCSES1.
Pricing and Procedure
The price for our complete package including the products and services described in this document is EUR 34,500.00. The formation of a new Trust Company with the name of your choice will take 3-4 weeks to process. If you prefer to proceed with the formation of a new entity, please forward a minimum of three suggested Company name choices and the complete names and addresses of the partners (unless you require nominee partners). We will revert with complete instructions.
After Sales Support
Our firm is always here to assist you with legal and IT services. We can provide web site design, hosting solutions, software customizations among other services. If you require a product or service which we cannot offer in-house, we will most likely be able to refer you to a firm that can. Please do not hesitate to contact us today for further details. We are looking forward to welcoming you as a new client of GMC Swedish Trusts.
Trust Company General Features
Your Trust Company package includes:
• Company Registration Certificates in Swedish and English
• English Translation of the law regulating Swedish Partnerships
• Registration as Regulated Service Provider in accordance with the Money Laundering
and Terrorist Financing Prevention Act of 2009
• The Hague Convention on the Law applicable to Trusts and their Recognition
• EBANQ® Banking Software (its cost is EUR 10,000.00)
• BIC Identifier Code
• Trust Deed Templates and KYC Guide
• Company Documents Notarized and Certified with Apostille