Glencore today

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Glencore plc has its registered office in Saint Helier, Jersey, and its headquarters in Baar. In 2025, it reported revenue of 247.5 billion dollars and employed about 150,000 people, including contractors, around the world.¹ The group trades and produces metals and minerals, among them copper, cobalt, zinc, nickel and ferroalloys, as well as energy products, above all coal and oil. The number of people working at the headquarters in Baar is small in relation to the group's size: in 2014, about 450 of some 50,000 employees worked there.²

The structure of the group, with a registered office in Jersey, a headquarters in Baar, a listing in London and operations on every continent, illustrates the division of functions that characterises the large commodity groups. Jersey provides the corporate form and the company law, London the capital market, and Baar the management, the trading and the tax residence of the principal operating companies. The mines, smelters, ports and offices are located where the resources and the customers are. The practitioner who advises on a transaction with Glencore must therefore work with several legal systems at once.

Notes

Wikipedia (English), "Glencore": headquartered in Baar, Switzerland, with a registered office in Saint Helier, Jersey; described by some estimates as the world's largest commodity trader; revenues of US$247.535 billion in 2025 and approximately 150,000 employees and contractors globally. ↩
NZZ Folio, "Die Schatzgräber in Zug": Glencore employs 50,000 globally but only 450 at the Baar headquarters (2014). ↩

For general information only. This article does not constitute legal or tax advice, does not replace advice on an individual case and creates no lawyer-client relationship. It reflects the legal position as of September 2025.

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Dr Alexander Ressos, TEP

Rechtsanwalt/Attorney-at-Law

I am a Swiss attorney-at-law and also admitted as a solicitor in Hong Kong and in England & Wales, with almost 25 years of experience.

Together with my multilingual team, including Chinese, Japanese, Korean, Russian, Ukrainian and French native speakers, I advise companies and their owners from around the world on the full range of banking, corporate, commercial and tax law matters in Switzerland, including international tax planning, fiduciary services, and legal family office services including immigration & relocation or real estate investments. My practice has a particular focus on clients from growth and frontier markets in Greater China, Central Asia and the Caucasus, the rest of Asia, the Middle East, Africa and Latin America, and I equally advise clients from Europe and North America. Through an affiliated Swiss trust company, we also take care of the incorporation and ongoing administration of their companies and other structures, including accounting, tax returns and corporate secretarial services, and I serve as a professional director where required. With the support of a network of first-class cooperation partners, I also implement solutions worldwide.

My approach is to act as a trusted advisor who works directly with decision-makers, on an equal footing: I start from what you want to achieve and shape every structure, contract and tax decision around your commercial goals and how it improves your after-tax return. As “lawyers who make it happen”, my team and I stay involved until your company is set up, your structure is in place and your transaction has closed, and we remain available for any follow-on work that may be required. You benefit from bespoke solutions and personal attention, and sound, friendly and practical advice. We are not the lowest-cost provider in the market, nor do we intend to be; our aim is to deliver well-founded, proper solutions and excellent value for money.

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Glencore today

Notes

Setting up or expanding in Switzerland?