Quality Without Compromise
South Dakota
South Dakota strives to help Financial Services companies succeed, the jurisdiction is considered a longstanding regulatory climate that is beneficial to the financial services industry and government has made every effort to make South Dakota’s rules and regulations very business friendly. The Financial Services Industry is the state’s number one priority and is the home to several major financial services companies such as Wells Fargo & Co, Citibank NA, TCF Bank , Sammons Financial, Synchrony Financial, The Bancorp and Meta Payment Systems.
South Dakota is recognized nationally for its trust laws and offers the lowest capital requirement in the United States. It has an effective asset protection for beneficial owners and has no rule against perpetuity. South Dakota offers absolute privacy to its clients.
Over US$3.15 trillion in holdings are being held in bank assets. South Dakota holds more of the country’s bank assets than any other state in the nation.
South Dakota maintains its status as one of the best jurisdictions for international families, as a result of its trust statutes, no income taxation, assets protection, privacy and many other favourable statutes has made South Dakota a leading jurisdiction.
