Use of trusts is widespread in the world among both private and corporate individuals. Trusts are used in succession planning and with a mean of separating and protecting assets in asset protection, wealth management and transactional structuring.
Use of trusts is widespread in the world among both private and corporate individuals. Trusts are used in succession planning and with a mean of separating and protecting assets in asset protection, wealth management and transactional structuring.
Swiss made quality.
Switzerland is a well-known banking hub. Billions of private and corporate funds are placed within its well-established banking system. For the above reasons these funds are often held in trusts.
Switzerland does not yet have its domestic Trust Law, but recognised trusts with the ratification of The Hague Convention on the Law Applicable to Trusts (1985).
Whilst there is no domestic law governing trusts in Switzerland, trusts from other jurisdictions, and their specific rules, are recognised and can be administered in Switzerland.