As the global landscape for cryptocurrency continues to evolve, countries worldwide are defining their stances on digital assets. Indonesia, with its rapidly growing economy and technological advancements, has been no exception. The regulation of cryptocurrencies in country has become a focal point for both local and international investors. This article delves into the specifics of…
Commonly, legal opinion is what we consider as an experienced lawyer’s advice. It is presented in the form of a document prepared by a client’s requirement. The article will provide you with all interested details regarding the provision of legal consultation. Legal opinion: Why do we need it? Banks frequently demand LOs from risky businesses…
1. Sorts of Commercial Units, Their Homestead and General Charge issues This country offers diverse business units with distinct lawful divisions, including the SA requiring EUR 30,000 minimum capital and the SARL with EUR 12,000, managed by boards of directors. The SARL limits subsidiaries to one hundred and could not trade publicly, while the SCA…
1. Trade License Acquiring a pervasive trade licence is a pivotal step for most commercial functioning in Switzerland. This licence is mandatory that assures your commercial functioning bonds to indigenous market rules and protocols. Here’s what you should know: Submission routine: You can apply for a commercial licence to the local canton’s market branch. This…
This is a new investment opportunity – SPI license in UK for sale. Please check out the main details regarding this proposal below. SPI license in UK for sale: key considerations Small Payment Institution (SPI) in UK for sale; Company was licensed by FCA in 2018; Allowed activities (money remittance, foreign exchange); Company has 3…
Seize the opportunity to effortlessly establish your business in the UK with our ready-made company, complete with premium bank accounts at Barclays and HSBC. Key features Company for Sale in UK with Barclays & HSBC Accounts Company Details: – Incorporated: 2024 – Registered Address: England – Company Type: Private Limited Company – Nature of Business…
Are you ready to establish your business presence in the UK effortlessly? Discover our exclusive offer—a ready-made company with immediate access to Natwest, Revolut, and Wise bank accounts. Here’s what you need to know: Key features Company for Sale in UK with Established Bank Accounts – Company Details: Founded in 2024, work in non-specialised wholesale…
An active transportation company limited by shares (SA) in Switzerland is now available for sale. This company, was established in 2020 and operates in the passenger and cargo transportation sector with a focus on sea and rail transport. Key Features Transportation Company in Switzerland Corporate Structure Form: Company limited by shares (SA) Year of Registration:…
Zurich
+41 435 50 73 23Kyiv
+38 094 712 03 54London
+44 203 868 34 37Tallinn
+372 880 41 85Vilnius
+370 52 11 14 32New York
+1 (888) 647 05 40The Fintech industry in Switzerland continues to grow dynamically and has become one of the top providers of digital tech solutions for the nation’s finance sector. In 2020, there were 405 Fintech companies operating in the country – which is 23 more than in the previous year. To promote innovation in the financial sector and break down the barriers to market entry for Fintech startups, the Fintech license in Switzerland with simplified requirements introduced by the Swiss parliament.
Pursuant to the new framework, institutions operating in the financial sector (Trading platforms for virtual currencies, Electronic Money Businesses, etc.), receiving deposits from the public up to CHF 100 million or crypto-based assets and neither investing these deposits nor paying any interest will benefit from the new Fintech license. To obtain authorization based on Article 1b Bank Act, the institution must provide that they comply with the legal requirements: an applicant shall incorporate a company limited by shares, a ULC, or an LLC conducting its business activities from a registered office in Switzerland.
The Fintech license granted in Switzerland’s independent financial-markets regulation body, FINMA. Upon receipt of the application, FINMA estimates whether the business activities fall under special requirements for which the institution will need to obtain a license and whether the provision of business activities allowed by the Fintech license.
After receipt of the application, FINMA will notify the applicant which FINMA staff is in charge of a licensing procedure and whether any other information or documentation needs to be provided. A licensing body may request an audit report from the applicant as part of the licensing procedure if necessary. The review period takes approximately 6 months.
As the banking license, the Fintech license entails certain requirements in terms of capital.
Based on art. 1b BA the initial capital should be at least CHF 300,000 up to a float (public deposit received) of 10,000,000 CHF.
Other capital requirements worth mentioning determine that the capital must be:
The process will take approximately 6 months.
FINMA allows conducting the business activity while the application processed.
The concept of a Fintech license in Switzerland a balanced and principle-based approach to pursuing a flexible pathway boosting innovation. Such well-developed and risk-based Fintech regulation provides certainty and advances the attractiveness of Switzerland as a center for financial business. Efficient taxation models, well-established infrastructure, and a broad talent pool further all help make Switzerland a preferable location for Fintech companies.
The Fintech license gives financial companies an alternative to a banking license and, due to the relaxed requirements, facilitates the process of entrance to the Swiss financial market.
If you wish to obtain Swiss Fintech license please contact us and we will be happy to assist.
Please feel free to join our telegram channel in order to keep updated for the new offers and ready-made companies for sale.
Every week we have new jurisdiction to offer a ready-made turn-key solution! We work worldwide.
You can also see our offers in category ready-made companies and licenses for sale.
We have multiple options worldwide!
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.