Tudor Trust Company Kommanditbolag is a privately-held trust formation and management company based in Stockholm, Sweden. The company specializes in providing ultra-high net-worth individuals, institutions, and corporations with customized trust formation and administration services to safeguard their financial and non financial assets .There are no limitations on the type of assets that can be placed under management by a Swedish 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
The Swedish Trust
The term “Trust” refers to the legal relationship created, either ínter vivos or upon death, by a settlor who transfers or places assets under the control of a trustee for the benefit of a beneficiary or in order to carry out a special purpose.
The uniqueness of Sweden’s Trust legislation, has enabled the constitution and administration of trusts for two main purposes:
- As an estate planning vehicle in order to transfer wealth to the next generations in an orderly manner; and
- As a commercial trust, in order to guarantee obligations, develop special projects or as an investment vehicle.
Important characteristics of the Swedish Trust:
- Title to the trust assets stands in the name of the Trustee, who has all the powers and rights inherent to ownership;
- Trust assets constitute a separate fund which is not part of the trustee’s own estate and cannot be subject to attachments or other preventive actions, except those originated or acquired by the Trust or established by law;
- Trusts may be constituted over any type of assets, present or future and for any legal purpose;
- The trustee has the power and the duty, in respect of which he is accountable, to manage, employ or dispose of the assets in accordance with the terms of the trust and the special duties imposed on him by law;
- The fact that the Settlor reserves powers, as the power to amend the trust or direct investments, does not jeopardize the integrity of the trust. Therefore, the concept of “sham” is not contemplated in Sweden’s trust legislation;
- In the case of Trusts of Shares, actual Management of the company’s affairs may be delegated to the Directors of the company;
- Income may be accumulated for the full trust period;
- Extended powers may be granted to trustees to invest assets;
- A Protector or Protector Committee may be appointed:
- The trustee has the duty to render accounts at least once a year;
- Swedish law imposes very strict confidentiality rules.
- Provisions enabling the trust to migrate to another jurisdiction upon the occurrence of an emergency may be included;
- There is no rule against perpetuities;
- KYC and stringent Due Diligence requirements must be fulfilled prior to the constitution of a Swedish Trust;