What services can I offer?

The core business of a Swedish Trust Company should be Trust Management, which can include the management of any type of asset without restrictions. However, if the Swedish Trust Company has a too strong focus on payment services, currency exchange or other related activity, additional license requirements could be triggered. See our Resources section for articles elaborating further on this. 

How about Cryptocurrencies?

When it comes to cryptocurrencies, the financial regulator in Sweden (Finansinspektionen) has taken the rather peculiar stance lately that Crypto Exchanges and wallet providers should be licensed as forex brokerages. This despite the fact that the Swedish Central Bank has repeatedly confirmed that crypto currency is not money/currency in any shape or form. However, this does not mean that a Trust Company cannot manage cryptocurrencies. Please visit our Resources section for further details. 

How about AML/CFT compliance?

The Swedish Trust Company is registered with a Supervisory Authority in Sweden for AML/CFT purposes. As a Regulated Provider, the Swedish Trust Company needs extensive AML/CFT compliance policies with regards to KYC, Suspicious Transaction Reporting, Risk Assessments etc. Our Swedish Trust Companies come complete with the required AML/CFT policiy documentation.

Are there annual renewal fees?

No, the Swedish Trust Company is not subject to annual license renewal fees or the like. You only need to maintain a Swedish mailing address. 

Are there Residency Requirements?

No, a Swedish Trust Company can be formed with owners of any nationality and resident anywhere in the world. 

Do I need a physical presence in Sweden?

No, the Swedish Trust Company simply needs to maintain a mailing address in Sweden as a legal address. A virtual mailing address can be obtained online in seconds at a cost of approximately EUR 200 / year. 

How much time to launch?

Processing time for the formation of a new Swedish Trust Company with the name of your choice is 2-4 weeks. We also have existing off-the-shelf entities for sale from time to time.  Deployment time for the EBANQ White Label Banking Software is 24-48 hours.

Can a Trust Company be verified online?

Yes, please visit our Resources section for links to the site where you can verify Swedish company registration status as well as the registration as Regulated Provider for AML/CFT purposes. 

© 2024 DX BANK LTD - All Rights Reserved. DX TRUST KB is a AML/CFT regulated Trust Company registered in Sweden with registration number 969798-4046. DX BANK LTD is a Statutory Trust registered in Connecticut with Authoritative Legal Entity Identifier (ALEI) 2662831. DX TRUST KB is the Corporate Trustee of DX BANK LTD. DX MONEY LLC is a Money Service Business (MSB) regulated under the US Bank Secrecy Act and registered with the Financial Crimes Enforcement Network (FINCEN) with registration number 31000228678640. Services are not available in certain jurisdictions or sanctioned countries. Card and payment services are offered in partnership with issuing entities duly licensed and regulated in their respective jurisdictions. Google Play and Google Pay are trademarks of Google Inc. Apple and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries. VISA is a trademark of Visa International Services Association. Any other trademarks are the property of their respective owners. The use of these names, logos and brands does not imply endorsement or affiliation. Financial Services are offered in partnership with licensed institutions regulated in their respective jurisdctions.