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+1 (888) 647 05 40Switzerland has a long-standing reputation for its professional expertise in managing the affairs of the wealthy. The legal and supervisory environment for trusts in Switzerland is changing, as evidenced by the fact that the Federal Council introduced new trust rules in 2020 and proposed the inclusion of trust law in the Swiss Code of Obligations. These two new regimes will strengthen Switzerland’s competitiveness as a financial center and improve the quality, integrity and accountability of the Swiss trust industry, while creating a level competitive environment for trustees. To operate such companies, a trust license Switzerland is required. Below we will consider the main aspects of establishing such structures and obtaining appropriate permission in a given jurisdiction.
For many years, our team has been providing effective Switzerland trust services and other countries. Such structures are a flexible tool that is particularly useful for estate planning and asset protection, making them also useful from a commercial perspective. We are ready to help you in establishing this type of business. In addition, we offer a huge list of ready-made trusts for sale.
Until now, oversight of trust structures in this jurisdiction has been limited to compliance with anti-money-trafficking obligations. Under the new Switzerland trust law local trust organizations will now have to comply with the requirements regarding the structural and organizational formation of the business, as well as the rules established for conducting business audits. Trusts operating in Switzerland must now register with the local supervisory authority, bring their firm into compliance and apply for a license from the Swiss Financial Market Supervisory Authority (FINMA).
Private trust firms are now tax-exempt, as are structures that handle only family gifting and inheritance. This provision also applies if the beneficiary is a charitable organization. So, how to get trust license in Switzerland?
As part of trust license requirements Switzerland, the following should be highlighted.
In the case of a trust established by a foreign person, the trustee must have a thorough knowledge of international law to fulfill his fiduciary duties. If a firm applies for a separate license as an asset manager while being a financial intermediary, there will be additional requirements for staff and office space.
Our team will provide you with comprehensive professional support in obtaining this type of permit, accompanying you every step of the way. We are also ready to help you open a trust in Luxembourg, Sweden, Denmark, France and other countries.
Before completing trust license application Switzerland, a company must prepare all the necessary documentation. Otherwise, the licensing process may be suspended or slowed down to allow additional information to be collected. If everything is done correctly, the permitting process usually lasts from 4 to 6 months. To obtain trust license Switzerland, it is mandatory to provide the following documents about the persons involved.
The following documents relating to the applicant company must be properly prepared.
Trust license fees Switzerland start from 1,750 euros.
Our company offers professional trust services Switzerland. Our experience and knowledge help us achieve the best results for our clients. Trust license cost Switzerland is calculated individually for each client before the start of cooperation. We also offer an extensive list of ready-made trusts licensed in Hong Kong, India, Great Britain, Malta and other countries. Contact us right now.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.