STWU was founded on July 5, 2007. It is an association established under the Swiss Civil Code, with its registered office located in Zurich, Switzerland.
STWU aims to promote and develop trustee activities in Switzerland, to ensure the excellence, professionalism and integrity with professional and ethical standards in the Swiss trust industry.
Since its establishment in 2007, STWU has continuously achieved the important goals set at the beginning, which has brought many remarkable advantages to its members. One of the advantages is that our members have been able to benefit from various training activities, workshops and conferences (such as STEP-STWU Lausanne Conference in 2015).
The annual Barclays/STWU symposium held in Geneva and Zurich that focuses on current topics is also a popular platform for peers to exchange knowledge and ideas.
STWU and its representatives are also widely recognized for their conference speakers, as well as the release of numerous professional articles and media statements.
STWU developed a “White Book” to address the regulation of Swiss trust companies (refer to the White Book in our download section for further information). According to STWU, the regulation of the Swiss trust industry is the best way to improve the reputation and trustworthiness of the Swiss trust industry and Swiss trustees. In such context, STWU maintains regular contact with other influential professional institutions or public institutions, such as the Swiss governmental administration and financial sector associations.STWU has initiated submitted proposals, such as the automatic exchange of information on tax matters (AEoI), the OECD mutual administrative assistance on tax matters or regarding the regulation of asset managers and trustees in relation to the current FIDLEG/FINIG discussion. As a matter of fact, STWU’s perseverance has led to the inclusion of the trustees in the Financial Institutions Act.
Other than that, STWU also confirmed through legal opinions that discretionary trusts are not covered by the Swiss/UK tax agreement.
In addition, STWU also engaged with the National Secretariat of International Financial Matters to discuss about the implementation of FATCA.
STWU has also set up multiple working parties focusing on taxation, regulations and compliance issues. These working groups meet on a regular basis to provide input for STWU to deliver to various commissions and authorities.
Lastly, it is worth mentioning that STWU organizes many important events in London for UK private client consultants who want to promote Switzerland as a jurisdiction for family structures administration.