Switzerland Cryptocurrency License
Switzerland is the preeminent international financial center offering many of the traditional “offshore” benefits while not being offshore at all. The only existing direct democracy in the world, Switzerland is fiercely protective of its financial services industry. Switzerland offers varying tax structures that the shrewd operators can leverage to reduce their tax burden. Most recently, the country has become a leader in blockchain technology by introducing the Switzerland Cryptocurrency License
While Switzerland has not enacted direct legislation aimed at cryptocurrency-related activities, it has incorporated cryptocurrency into its existing financial services regulations. The Swiss Financial Market Supervisory Authority has taken the lead on the oversight of cryptocurrency exchanges, initial coin offerings and hosted wallets – among other activities. As a result, many significant industry players have flocked to Switzerland to leverage its structure regulatory regime.
Switzerland is one of the preeminent jurisdictions for obtaining a cryptocurrency license. A Switzerland Cryptocurrency License provides the holder with the ability to operate a cryptocurrency exchange, manage hosted cryptocurrency wallets, conduct an initial coin offering or conduct a security token offering. The ease of obtaining a license and flexibility the license affords within the European Union and elsewhere makes Switzerland a perfect jurisdiction for blockchain-related operations.
Advantages of a Switzerland Financial Intermediary License
Average daily trading in Bitcoin alone exceeds $20 billion. The streamlined and cost-effective process in obtaining a Swiss cryptocurrency license can place you in this lucrative market in as little as three months. As worldwide adoption of cryptocurrency increases, cryptocurrency exchanges are estimated to have taken in over $1 billion in profits last year alone. With increasingly complex cryptocurrency regulation in leading economic nations such as the United States and European Union, Switzerland offers a cost-effective, risk free alternative for starting a licensed cryptocurrency exchange or broker-dealer.
Switzerland Cryptocurrency License at a Glance
|License||Financial Intermediary License|
|Time to License||3 to 4 Months|
|Capital Requirement||Approx. $100,000|
|Tax Structure||Zero (0%) Percent Tax on Offshore Profits|
Switzerland Cryptocurrency License Package
- Incorporation of Switzerland AG or comparable offshore corporation
- Arrange for local registered officer and local directors, if required
- Draft corporate bylaws, minutes and owner share issuances
- Establishment of corporate bank account suitable for cryptocurrency exchange operations
- Establishment of merchant service account for accepting credit and debit cards
- Draft requisite business plan, financial statements and financial projections
- Draft requisite Anti-Money Laundering & Know-Your-Customer policies
- Arrange for requisite surety bond
- Prepare and process application for Switzerland Cryptocurrency License
- Representation before licensing regulatory authority, banks and liquidity providers
Contact the Switzerland Cryptocurrency License Experts
Trust our over fifty year’s combined experience in creating innovative solutions for our clients. Contact the cryptocurrency
licensing experts at FinLaw to begin the process of obtaining your Switzerland Cryptocurrency License today.
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