Not according to the information I found and read. There will be a signee for the bank account but not a UBO other than the foundation since there is no real person!
Is the Swiss Foundation the Hidden Asset Protection Tool Everyone's Overlooking?
- Thread starter uplana
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The financial institutions will not require to identify the founder as UBO but members of the board as controlling persons.
Consult the due diligence protocols at
https://www.swissbanking.ch/_Resour...a79dec8b908ea9c/SBA_Agreement_CDB_2020_EN.pdf
particularly article 40 and forms S and T.
What do you guys think about such services offering a Swiss Foundation for 890 CHF, it could be something very basic but maybe its good as a holding to some other foreign company for shareholder privacy, as it would have minimal amount of transactions it could be maybe cheap to maintain? No min capital required as i understand depending on structure
https://switzerland-company.com/foundation-and-trust.html
https://switzerland-company.com/foundation-and-trust.html
It is too cheap if you ask me. Requirement is to have a notary to declare everything during the registration, they also want money.
You need to ask what costs there is for accounting and maintaining the setups.. do they claim to register a Trust AND Foundation at the same time for this 890 CHF ?
Thanks yes it seems it was just an affiliated company, their partner told me it is going to be much more expensive and not suitable for commercial reasons that i have
You won't get anything serious in Switzerland for 890 EUR, and definitely not a proper Foundation setup. You've probably realized that already.
If I were you, I'd look into setting something up in Cyprus, Malta, or somewhere else where it's a bit harder for the authorities to freeze your assets or shut down a company and accuse it of VAT fraud or whatever else is trendy to accuse small businesses of in 2025.
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Only the early bird catches the worm.
If I were you, I'd look into setting something up in Cyprus, Malta, or somewhere else where it's a bit harder for the authorities to freeze your assets or shut down a company and accuse it of VAT fraud or whatever else is trendy to accuse small businesses of in 2025.
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Only the early bird catches the worm.