Eternity Law International News Crypto license in Switzerland

Crypto license in Switzerland

Published:
November 24, 2022

State is quite staunch in its position as for crypto-currency, but there’re rigorous requirements for organizing a crypto-business. Crypto license in Switzerland is issued to firms following provisions of local legislative frameworks and rules of the regulatory body. Jurisdiction’s goal is to create a stable and reliable environment for crypto-currencies functioning and implementation of operations with them.

Based on the type of commercial project, you can get an exchange or operative permission. They are issued by Financial Market Supervisory Authority.

Switzerland cryptocurrency license: cryptocoins regulations 

Crypto-currencies are subject to taxation. Nevertheless, jurisdiction has rather low tax rates, which is also one of additional privileges for doing cryptobusiness. Jurisdiction has so-called “crypto valley” with one of lowest tax ratios compared to state’s cantons.

Regulative authority controlling deals of crypto-currency projects – FINMA – puts forward certain rules for firms associated with digital currencies, and also oversees all operations carried out locally, and issues Switzerland crypto license. Local crypto-law states entrepreneurs providing services for storing assets or carrying out operations with them need to develop and implement a KYC-procedure – “know your customer”. If there’s any suspicion regarding the client, the firm needs to report this to the Office of Combating Illicit Funds. If the authority finds these suspicions justified, the client’s assets are frozen.

Businesspersons also may get cryptoexchange licenses in Switzerland. State offers favorable conditions for cryptoexchanges functioning. Permission is issued by local authority after companies have passed an audit for following all necessary norms, particularly, for prevention of illegal circulation of monetary means. Crypt-exchanges are required to perform the KYC procedure, monitor customer operations and report all distrustful actions.

Businesses for sale in Switzerland

Company in Switzerland with bank account for sale

Europe, Switzerland
Below you can see the basic information regarding the company in Switzerland with bank account for sale  Company in Swizerland – whats included: Company was incorporated in 2012; Company has bank account at UBS bank; The authorized capital of CHF 20’000 has been deposited and withdrawn; Declared activity: distribution of new and used goods for…

Aged Company in Switzerland With Bank Account For Sale

Europe, Switzerland
Aged Company in Switzerland With Bank Account For Sale ✔️ Company type: AG (Ltd). ✔️ Active bank account at CIM Banque. Year of formation: 2014 Asking price: on request. For details: office@eternitylaw.com. Please feel free to join our telegram channel in order to keep updated for the new offers for ready-made companies for sale. Every…

Get crypto blockchain license in Switzerland: taxes 

Cryptoactivities incomes are covered by taxes. Its rate depends on the entity’s status: individual businessperson, a corporation dealing with crypto-currencies, etc. Having Switzerland cryptocurrency license, businesspersons may expect a rate of 12-18%.

ICO 

Implementation of ICO projects needs attendance of entrepreneurs, sufficient initial assets and specialists working within further structure. To launch, you must first send an application to FINMA, demonstrate a detailed description of project and indicate the scope of its activities.

The specialists of our company will provide you with full expert support in obtaining Swiss crypto license ensuring the performance of your structure. Besides assistance in getting Switzerland cryptocurrency licenses, we’re also ready to offer you many options for ready-made companies for sale as turnkey solutions. Contact us in a convenient way for you.

Please contact us to get more information.

You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.

Are crypto-currencies regulated in Switzerland?

Local legislative frameworks contain certain points that regulate activities of enterprises dealing with crypto-currencies. The industry is licensed and supervised by FINMA.

How to open a cryptocompany in Switzerland?

To establish crypto-organization in Switzerland, it’s necessary to collect and send a certain package of documentation to local regulative body. Corporate activity in the jurisdiction needs banking accounts for commercial purposes and registration of a local office.

Do I need permission to trade crypto-currency?

In jurisdiction, crypto-currencies are traded through exchanges. To perform such operations, an appropriate official permission is needed, which’s issued by FINMA.

How much does cryptolicense cost in Switzerland?

Total cost of obtaining cryptolicenses depends on several factors, particularly, on list of services that the company intends to provide. Our experts will help you calculate the cost, based on the needs of your project and budget.

You could be interested

Company registration in Sark

Sark – one of the Channel Islands – is located in the English Channel and belongs to Guernsey. All the land that lies within this island is owned by one person who leases out the plots. Since Sark is a rather small state, until 2008 only about forty companies were opened there. Sark is under...

Investment in Cryptocurrency

INVESTMENT IN cryptoCURRENCY – MINING OR ICO? The cryptocurrency and ICO market today allows the business environment to take part in successful business projects of the digital modern economy. How is it possible now to apply existing prospects in the most competent way? And where is the best place to invest money – in the...

The best electronic wallet

The best electronic wallet is quite a debatable issue in 2020. There are plenty of various options available on Internet sites, but there are not so many services worthy of attention in terms of total conditions. The issue of election can be solved as follows: Finding an e-wallet by trial, but it is fraught with...

Opening a bank account for offshore companies

Over the past year, the business world sphere has been discussing the fact that banks actively began to “freeze” financial accounts to organizations that are established in offshore zones. Banking experts are sure that due to more severe regulatory requirements for KYC, the banking sector is not very profitable to conduct non-resident servicing among the...

Merchant accounts

Merchant account is a special type of bank account with which you can receive and process payments made using bankcards via the Internet (American Express, VISA and others). The presence of a merchant account presupposes the establishment of a contractual relationship between your company and a banking institution, according to which payments intended as payment...

Gaming License in Romania

Romania, nestled in the heart of Eastern Europe, is not only a land of rich history and stunning landscapes but also a burgeoning hub in the global gaming industry. The National Gambling Office (Oficiul Național pentru Jocuri de Noroc – ONJN) serves as the regulatory authority overseeing the gaming sector. In this comprehensive guide, we...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7