01
Who the banking model may fit
For a trust, the bank identifies the trustee, ultimate economic settlor, former settlors on resettlement, beneficiaries or classes, protector and persons able to revoke or replace trustees. For a foundation, it identifies the founder, council/management, guardian, beneficiaries or qualified recipients and persons influencing appointments and distributions.
02
Documents and file architecture
The trust deed or foundation charter/by-laws, registry evidence, powers, account resolutions, control chart, Forms T/S or equivalents, CRS/FATCA certifications, tax memorandum and source-of-wealth/funds evidence must describe the same structure.
03
KYC, UBO and the bank's decision
A family foundation and an investment fund are classified separately. Governing law, tax recognition in founder/settlor and beneficiary countries, sanctions, purpose and projected distributions determine acceptability.
This material is not an offer of banking or investment services or a guarantee of account opening. Smart Global Capital provides independent legal support and is not a bank, its agent or affiliate unless expressly confirmed in writing. The bank determines the decision, conditions and timing.
04
Profile-specific conditions
A Swiss account does not make a structure tax-neutral or conceal controllers. It should serve a lawful succession, family or investment purpose and be transparent to the bank and tax authorities.
05
Support sequence
We define the banking model, conduct a legal/KYC readiness review, resolve inconsistencies across corporate, tax and banking data, prepare an evidence index and support responses. The bank remains the sole decision-maker.
FAQ
Frequently asked questions
Can a Cook Islands trust apply?
An application may be considered if the bank accepts the profile and receives a complete trust, tax, control and source-of-wealth file; approval cannot be guaranteed.
Can a DIFC, ADGM or RAK ICC foundation apply?
A case-specific application may include the charter, by-laws, council, guardian/beneficiaries, tax analysis and Form S or equivalent.
How do Forms T and S differ?
Form T addresses trusts; Form S addresses foundations and similar arrangements. A bank may use equivalent forms and request more information.
↗