Why a Swedish Credit Union?
On first pass, promoting a ‘credit union’ in Sweden as part of a ‘smoke and mirror’s investment group does make much sense. That is until you start to dig a little deeper. The following is an extract from a dodgy incorporator’s pitch on Swedish Credit Unions.

A Swedish Credit Union can take deposits and make loans to its members, and is exempted from license requirement if it has a maximum of 1000 members at any time. The claim that these members have to be named upfront is 100% false. You can register the CU with 3 directors who also act as founding members, and start marketing your services and accept members after it has been registered. You do not have to name your members or even report to any government authority when you accept new members. Only the board of directors are registered with the company registrar. This is the most attractive deposit taking entity available today.
Advantages
This entity is registered in Sweden, a full European Union member and a highly respected jurisdiction.There is no annual license fee to pay, since the entity is exempted from license requirement.There are no qualification or paid up capital requirements since capital is derived from member contributions.
Disadvantages
High tax levels. Sweden is obviously not a tax haven, and the association would have to pay 30% tax on any reported profit. One way around this is to use this entity together with a Panamanian licensed payment processing company, in order to accumulate profits in Panama rather than in Sweden.This company can also offer payment services like e-currency and credit/debit card services to the credit union members.
Note: Panamanian Corporation HCB Consultores Internationales, Inc was established in Dec 2003. It may be pure co-oincidence as other than the similar name, the timing and the reference above of utilising a panamanian company to minimise taxes in Sweden there are no ‘facts’ to connect the two.


So who is HCB Trust Ek. för.,?

Address
HCB Trust operates out of a serviced office located in Solna Strandväg 78, 171 54 Stockholm, Sweden. Likely setup and managed by the incorporator/service provider.

Numbers
Ph:
Fax: +46 (0)8 5052-1010
This is a live number, however it isn’t a fax line. Its an extension with a pre-recorded message by a very english female voice (not Swedish) stating that extension 1010 cannot accept any more messages.


email

website/Domain


Documents
The following 23 PDF’s were extracted from the hcbtrust.net website, they all appear to be typical boilerplate documents that likely were provided by the incorporator/service provider;

  1. AEEFund.pdf
  2. AgriFund.pdf
  3. ALEFund.pdf
  4. AseanBFund.pdf
  5. AseanFund.pdf
  6. AutoLoanApplicationForm.pdf
  7. Checksave.pdf
  8. CommercialLoanApplicationForm.pdf
  9. GeneralInsuranceQuoteForm.pdf
  10. GHCFund.pdf
  11. GlobalMiningFund.pdf
  12. GMCFund.pdf
  1. HighValueFund.pdf
  2. HomeLoanApplicationForm.pdf
  3. ILFDApplication.pdf
  4. M12PowerInvest.pdf
  5. MembershipApplication.pdf
  6. MILFund.pdf
  7. PersonalLoanApplicationForm.pdf
  8. RedemptionRequestForm.pdf
  9. SavingsApplication.pdf
  10. TelegraphicTransferForm.pdf
  11. VisaApplication.pdf

External card provider located on the HCB Trust website




Links/Posts:
Legal Structure - The name of this so called Swedish Credit Union is an EKONOMISK FÖRENING. It is an economic association actually and what the sellers of these structures do is name them as a credit union like; ABC Credit Union and sell them for inflated prices as a credit union just because the Swedes allow you to use credit union in the name, it is nothing like the American Credit Union. It is almost an oversight in the law that has been exploited.


HCB Trust Ek. för. | Credit Union

WHOIS INFO - HCBTRUST.NET
Hcbtrust.net registered by ENOM, INC. for ALAN JAMES on 07-28-2005.
ALAN JAMES renewed on 06-29-2015 until 07-28-2016.
Important Dates
Registered On 07-28-2005
Exprires On 07-28-2016
Updated On 06-29-2015
Registrar Info
Registrar Name ENOM, INC.
Registrar Url -
Registrar Organization ENOM, INC.
Registrant Info
Registrant Name ALAN JAMES
Registrant Email INFO@HCBTRUST.NET
Registrar Organization HCB TRUST EK. FOR.
Admin Info
Admin Name ALVIN KOH
Admin Email DOMAINS@SIGMA2K.COM
Admin Organization SIGMA2K TECHNOLOGY PTE LTD
Technical Info
Technical Name ALVIN KOH
Technical Email DOMAINS@SIGMA2K.COM
Technical Organization SIGMA2K TECHNOLOGY PTE LTD
Raw Whois Data
Domain Name: HCBTRUST.NET
Registrar: ENOM, INC.
Sponsoring Registrar IANA ID: 48
Whois Server: whois.enom.com
Referral URL: http://www.enom.com
Name Server: DNS1.NAME-SERVICES.COM
Name Server: DNS2.NAME-SERVICES.COM
Name Server: DNS3.NAME-SERVICES.COM
Name Server: DNS5.NAME-SERVICES.COM
Status: clientDeleteProhibited https://www.icann.org


HCBTrust Accounts Application

2017-02-02 HCB Trust Ek for.pdf


,