SWEDISH CREDIT UNION

A Credit Union can legally offer services typically offered by a fully licensed bank, such as taking deposits and making loans as long as services are offered to members of the Credit Union only. The type of Credit Union we offer is registered in Sweden, a full member of the European Union. The entity can have up to 1000 members and be exempt from bank license requirements. Members can be of any nationality and reside anywhere in the world. The board of directors (minimum 3 directors) may be of any nationality, although 50% or more should have an address within the European Union. We can also offer nominee directors if required.

The Swedish Credit Union serves as an excellent vehicle for international deposit taking and lending since there are no restrictions as to the nationalities nor the countries of residence of the members. The Credit Union can offer deposits repayable to the customer by order, such as checking accounts and instant access savings accounts as well as fixed term deposits (or Certificates of Deposit) repayable at maturity. The name of a Credit Union cannot include the word "bank", but names including words such as "Credit Union", "Savings & Loan", "Trust" , "Sparkasse" , "Caja de Ahorro" , "Building Society" etc are all allowed.

We can offer a comprehensive Credit Union formation package including:

• CU registration certificates and bylaws in Swedish and English
• All registration documents are legalized with apostille
• Certificate of authorized activities
  This document certifies the exemption from bank license requirement
• Wire transfer clearing facilities
  Online wire transfers in major currencies such as EUR and USD
• Private label debit card issuing
  Issue debit cards bearing the logo of your Credit Union
• Online banking software