Geneva

Overview

It has been estimated that one third of the world’s private banking wealth is managed in Switzerland.

Although Switzerland is not an offshore tax haven or zero tax jurisdiction, the Swiss authorities allow trusts created by, and for, non-residents of Switzerland to operate without negative tax consequences. This has considerable advantages for trust administration, as does Switzerland’s enduring political and monetary stability and rights to privacy in personal and business affairs that are enshrined in the country’s banking laws.

Minerva has its office in the business district of Geneva. Over recent years, Geneva has attracted increasing numbers of financial services companies offering trust and company formation and management services. It has a highly developed support infrastructure in the banking, legal and investment management professions.

Geneva is where the concept of private banking began, and the management of private and institutional assets lies at the heart of the banking activities conducted in this location.

Minerva Trust Company (Switzerland) SA is supervised by the F.I.N.M.A.