Hi All,

My parents would like to set up a trust fund for my young daughter. In the UK there a special tax sheltered vehicle for this called a "Child Trust Fund" or CTF for short. Is there an equivalent in Switzerland, or are there any other alternatives?

cheers,

Andrew

PS. The child need to be UK resident to open a UK CTF, so that is not an option.

I actually have the same question.

Any help would be very much welcome!

Switzerland does not have its own Trust law, so settling a Swiss Trust is not actually possible.
However, not long ago Switzerland ratified the Hague convention on Trusts and thus recognised the concept of Trusts. The authorities are also beginning to set rules as to how to tax distributions in this country and this alters from Canton to Canton of course, but general principles apply.
I can point you in the direction of a couple of law firms in this country who can give advice in this area. This depends on the amounts involved really, so PM me if you wish.