Corporate News
Happy New Year from FFT!
December 31, 2011
During the period of 2011 we have more than doubled the awareness for our products and services, even as global demand for Swiss Trusts surged by close to 50% compared to 2010.
With Christmas and the New Year celebrations dawning upon us we gratefully accept and use this opportunity to extend our best Christmas and holiday wishes to all our clients both current and future, prospects, and associates. May this period of joy and celebration bring you closer to your dear ones, may you find new strengths to pursue your goals and opportunities without looking bank. May the New Year bring health, joy, prosperity and success to all of you and your dear ones.
FFT herewith wishes you all Merry Christmas and a Happy New Year!
Markets Plunge on Berlusconi's Demise
November 8, 2011
Italian Prime Minister, up to date seemingly untouchable media mogul known for brushing off countless scandals and challenges to his rule agreed to resign after the austerity bill has been passed, losing a governing majority in Parliament. Meanwhile the USD 2,6 trillion Italian bond market moved towards unsustainable levels as yields on the 10-year benchmark surged past 6.7%. The European stock markets also responded negatively, further slumping in the month of November signifying deepening of the crisis in Europe and investors’ reservation as to the uncertain future.
This more than worrying situation pushed investors to look for safe solutions and investments havens elsewhere once again proving that Switzerland has more to offer than meets the eye. The period of November has found FFT facing more than double demand for Swiss Trusts of last year for the same period as investors have once again found their conviction in the merits of the Swiss Trust Company. Despite the general lack of positive symptoms for recovery and market stagnation in the European realm FFT leads the market weaving certainty and investment security at the loom of a Swiss Trust Company.
Markets Chaotic with Libya, Greece Uncertain
October 31, 2011
The month of October 2011 has finally brought end to the Libyan civil war, which was part of the so called “Arab Spring”, commenced in the spring months of 2011. Muammar Gaddafi, self-made leader of Libya for the last 42 years was shot by the NATO and insurgent forces on October 20, 2011 in his home town of Sirte. The death of the by many despised dictator signified a successful victory for the insurgent forces and meant a beginning of transformation for Libya.
The results of these events were quickly recognized and absorbed by the international financial and commodity markets bringing short term stability and providing immediate opportunity for investors. Those who have already established and secured their Swiss operations were able to benefit from the merits of a Swiss Trust and collect their profits in a net form without the any capital gain deductions. The referenced benefits of a Swiss Trust Company have been recognized by investors many years ago allowing those who acquired their own vehicle to enjoy their investment profits without any taxes levied on their capital income.
The end of October has once again brought European leaders to discuss the situation of the Greek debt as well as its repercussions on the financial stability of the Union and its common currency. On the 29th of October 2011 the Eurozone Committee which included President Sarkozy and Chancellor Merkel have opted for a unique and absolutely revolutionary solution to the Greek problem. The new agreement between Greece and the Union foresees remittance of 50% of the Greek massive debt has been seen by many as a temporary and not progressive solution. The markets however responded immediately with almost 10% increase across the board. Many investors who anticipated this scenario have taken full advantage of this opportunity.
Many of our clients, owners of Swiss Trust Companies were amongst those who benefited from the resulting movements and capitalized on their investments in a tax free manner as all investments channeled through their Swiss Trusts were exempted from the capital gain taxation.
Switzerland a Safe Haven in Global Storm
September 23, 2011
The month of September 2011 has brought a heartrending 10 year anniversary memorial as America supported by the rest of the world has commenced its commemoratory celebrations of the September 11th 2001 terrorist attacks on the US soil which claimed almost 3,000 casualties.
The date of September 11, 2001 is considered to be the starting point of so called “War on Terror” which the US government has launched against the extremist terrorist groups who target and threaten the core values of the western world.
We all know what baggage this decision carried in economic and business terms for the US and its counterparts; increased levels of control both for travelers as well as businesses, increased and tightened levels of taxation hampered the economic development of many businesses and caused a global meltdown on financial markets and the real estate sector.
Those difficult times fueled by the constant fear of terrorism and the government’s retaliation gave rise and provided the opportunity to thrive to offshore jurisdictions such as Switzerland, providing shelter and financial and tax havens for all those who decided to leave the ‘business unfriendly’ jurisdictions and repatriate their funds to more ‘business friendly’ environments.
For the past decade the Swiss Trust Company has thrived as the favorite vehicle of all private individuals as well as corporate structures who have searched to repatriate their assets in a secure, anonymous manner and avoid the praying eye of ‘the big brother’. This 10 year anniversary memorial surely commemorates a series of tragic events, there is however a light at the end of the tunnel that allows us mortals to persevere searching for a better, more secure future. Swiss Trust Company surely seems to have taken its place in the landscape of this future. If privacy, security, anonymity and tax advantages are the items on your agenda, do not hesitate any longer. Contact First Fidelity Trust AG today and acquire your own piece of Swiss history from the world leading professional providers of Swiss Trust Companies.
FFT Sales Surge During Summer Meltdown
August 18, 2011
As the holiday makers are preparing their usual annual travel plans and the world’s most sought after holiday destinations surge with sun-hungry guests making the water resorts slowly resemble busy termite mounds, world financial markets find themselves in jeopardy once again.
In addition to slumping European financial equity markets and indices like DAX (German main index), CAC40 (French index of 40 largest firms), SMI (Swiss main index), the US could suffered the largest setback since the great depression as the rating agencies like Moodys and S&P are taking a closer look at the giant’s financial situation and constantly growing national debt. The situation is further being fueledb by constantly slumping US currency reaching a record low in mid August to the Swiss franc @ 1,3779 USD to 1CHF.
Standard & Poor's President Deven Sharma says the credit rating agency does not expect the U.S. to default, but believes a bigger risk is a downgrade in the country's AAA credit rating because Congress and the White House cannot agree on a plan to increase the debt ceiling.
As commodities like gold are surging to record high figures (gold passed the USD 1900,- per ounce mark in August) investors and private individuals trying to take yet again faced with a baffling predicament of how to protect and safely preserve their assets at the same time taking advantage of the current market movements, Swiss Trust Company has yet again been the vehicle of choice for many providing security, privacy and unrestrained tax free investments.
During the summer months FFT experienced a 200% growth in sales of Swiss Trust Companies relative to the same period in 2010 as a massive exodus of clients and funds found a safe investment haven in Switzerland at the grace of Swiss Trust Companies and their merits.
Greek downgrade an expected outcome
June 13, 2011
European crisis worsens as S&P downgrades Greece citing an increasingly likely default.
S&P Downgrades Greece
EU races to prevent Greek default
May 30, 2011
EU 2nd bailout package for Greece is threatening benevolence of the Eurozone as the crisis stretches over further states effectively threatening the common currency
EU drafting a bailout agreement for Greece - again
Swiss bank stocks soar
April 26, 2011
Swiss Banking stocks rally fuelled by the Q1 reported profits sees Credit Suisse and UBS rise in double figures.
Swiss Bank UBS reports USD 2 billion profits in Q1 2011
Tsunami batters NIKKEI
March 11, 2011
Japanese Tsunami has taken a hard toll on the NIKEI as stocks plummeted after the news of the tragedy spreading across the financial world.
Japan earthquake: Tsunami hits north-east
Oil prices blossom in the Arab Spring
February 24, 2011
Arab Spring sees the price of crude rise to highest levels since June 2008 and the ‘Sub-Prime Crisis”.
Arab Spring: Unfinished business for protesters
FFT has a brand new look
January 26, 2011
After months in development, and following intensive consulations with all our stakeholders - including current and former clients - we are pleased to unveil the new First Fidelity Trust AG website. The new design features not only a more streamlined and user-friendly interface, but also additional content, including information on our latest offering - Liechtenstein foundations.
If you are a previous client of ours and are seeing this for the first time, do not be alarmed - we are still the same old team, but with a brand new look!
We look forward to welcoming you at our new homepage and hope you enjoy your stay - please note, however, that some of the bookmarks you may have saved may now be invalid as some of the content has been streamlined for ease of use. Meanwhile, should you discover any issues navigating the site, please do not hesitate to let us know at admin@fidelitytrust.ch.