Under Swiss law, financial intermediation and asset management companies can be supervised by SROs (self-regulatory organisations) which are registered with FINMA. Company with SRO-member can conduct following activities:
The Financial activities allowed:
– providing services related to payment transactions, in particular by carrying out electronictransfers on behalf of other persons, issuance and managing the means of payment such as credit cards and traveller’s cheques,
– carrying out credit transactions (in particular in relation to consumer loans or mortgages,factoring, commercial financing or financial leasing),
– trading in its own account or for the account of others in banknotes, coins, commodities,
– making investments as investment advisers,
– acting like the authorized escrow agent,
– holding securities on deposit.
The Crypto activities allowed:
– providing services of exchange virtual (crypto) currency against the fiat or another crypto and vice versa,
– providing crypto-collateralized loans,
– providing virtual wallet services (the license covers services when the wallet keys are createdand held while the funds belong to user),
– legal rights to sell, trade and store digital assets
– ICO (payment and utility tokens)
AG Company formation
– Remote company registration
– Drafting of statutes and certified articles of incorporation
– Payment of government fees for company registration
Kindly note that share capital required for AG is CHF 100 000 CHF with minimal depositing 50 000 CHF.
Domicile address Opening corporate account in local bank
Bookkeeping services are charged according to the number of transactions per month (up to 20 transactions)
Full assistance with SRO-membership obtaining (government fees included) Independent director (resident) / annual
– cost covers only nominee services and does not consider director with full employee responsibilities. They can also do outsourced tasks on an external basis
AML / Compliance officer (resident) / annual
Total price for the project
– company registration with government fees and contact person
– Domicile address for 1 year
– application for SRO membership, including SRO fees
– provision of a resident director for 1 year
– provision of a AML / Compliance officer for 1 year
– Assistance in opening account in local bank
– preparation of anti-money laundering policy according to new guidelines
– setting up AML screening software
– all notary, courier and other government charges.
– Legal assistance within the project
Company formation – 3-4 weeks
The time frames for getting SRO membership is around 6 to 12 months.
1. Copy of passport
2. Proof of address (Utility Bill; Driver’s License; Bank Statement)
3. Power of attorney
4. Non-Criminal record for shareholders
All the above-mentioned documents should be notarized and apostilled and sent to us by DHL for remote registration.
Audit services – annual
VAT registration
Credit card application
– UBS (www.ubs.com) – the largest bank in Switzerland, headquartered in Zurich and Basel, and seven representative offices around the world (four in the U.S. and one each in London, Tokyo, and Hong Kong) and branches on five continents. UBS is one of the world’s largest financial institutions by capital under management.
– UBS is second among European banks both in terms of capitalization and profitability. The bank has branches in 54 countries.
– Credit Suisse (www.credit-suisse.com/global/en.html) is the second-largest Swiss financial conglomerate after UBS. It is headquartered in Zurich.
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