Jurisdiction – Sweden Trust
Sweden, officially the Kingdom of Sweden (Swedish: Konungariket Sverige) is a Nordic country on the Scandinavian Peninsula in Northern Europe. It has borders with Norway (west) and Finland (northeast). It has been a member of the European Union (EU) since 1 January 1995. The capital city is Stockholm.
At 449,964 km² (173,720 square miles), Sweden is the third largest country by area in Western Europe and fifth in all of Europe. Sweden has a low population density of 20 people per square kilometer, except in its metropolitan areas; 84% of the population lives in urban areas, which comprise only 1.3% of the country’s total land area. The inhabitants of Sweden enjoy a high standard of living, and the country is generally perceived as modern and liberal, with an organizational and corporate culture that is non-hierarchical and collectivist compared to its Anglo-Saxon counterparts. Nature conservation, environmental protection, and energy efficiency are generally prioritized in policy making and embraced by the general public in Sweden.
Sweden is a well-respected jurisdiction and its 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 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). 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 (who is the General Partner a.k.a. the Manager of the trust), and a minimum of one partner with liability limited to the investment in the company (the Limited Partner or Partners). 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.
The bodies corporate (either general or limited partners) need to provide a certificate of incorporation, recent good standing certificate. Also, proof of who binds the company (either a Directors' Register, Power of Attorney, etc). The (physical) person that binds the company needs also to provide certified passport copy plus proof evidencing his address (either bank statement, credit card statement, utility bill, all not older than 6 months).
Again, the (physical) person (either general partner or limited partner) needs to provide certified passport copy plus proof evidencing his address (either bank statement, credit card statement, utility bill, all not older than 6 months).
All necessary applications and documentation to form the trust should be provided by us, duly organized and ready to be signed by the prospective client, after we conclude our agreement to proceed in this respect.
It should be taking approximately four (4) weeks to have the trust duly incorporated for you.
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 & Wallet Services)
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 (discounted) EUR45,000 (including the Swedish Trust; the EBANQ Software etc). Please see a break-down analysis of all costs involved as follows:
- Swedish Trust EUR34,500
- EBANQ Software EUR14,500
Less applicable discount EUR4,000 if bought together
The formation of a new Trust Company with the name of your choice takes 4-5 weeks to process. Please contact us for details about available entities at email@example.com.