Reasons to Use Swiss Trustees

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sumaiyakhatun26
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Joined: Sun Dec 22, 2024 8:30 am

Reasons to Use Swiss Trustees

Post by sumaiyakhatun26 »

Taxation of Trusts in Switzerland
The Hague Convention (Article. 19) stipulates that the Convention does not prejudice the powers of sovereign states in fiscal matters. Consequently Switzerland has maintained its sovereignty in relation to the tax treatment of trusts.

The tax advantages available in using a trust with a Swiss Trustee essentially depend on the tax residence of the Settlor and the Beneficiaries.

In terms of Swiss Law:

A Swiss resident Trustee is not liable to Swiss income tax or capital gains tax on the assets nepal mobile database held under management in a trust.
Settlors and Beneficiaries are exempt from Swiss taxation as long as they are not considered to be Swiss residents.
Regulation of Swiss Trustees
Swiss Trustees have to be registered as financial intermediaries in accordance with Swiss Anti Money Laundering Law. They can be registered with the Central Regulatory Authority or with a self-regulatory organisation (SRO), which must be recognised by the Swiss Federal State.

Protection
Under Common Law the Trustee is the owner of the assets and is required to administer the trust assets separately from his own assets. In the event of death or bankruptcy of the Trustee, the assets are not considered as belonging to the Trustee but are submitted to the trust’s protection and held separately for the Benefi
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