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Para-Banking operating Swiss Financial & Crypto Company (VASP)

Para-Banking operating Swiss Financial & Crypto Company (VASP)
Listing ID
L#20261044
Target Price
Price on request
Revenue
TBD
EBITDA
TBA

Description

Licensed by reputable SO-FIT (so-fit.ch), in Geneva, since 2022, Para-Banking license, fully compliant & qualified financial intermediary under Par. 2, section 3. of the AMLA compliance under provisions of FINMA. The Para-Banking Asset Management & Crypto-Services Business, incorporated in 2019 at the heart of cosmopolitan Geneva. The company comes with, licenses and required personnel already in place. A unique opportunity to acquire an existing and fully operational, licensed and well-established Crypto- Services Company.

Keypoints

Name: Upon request, NDA required Place of incorporation: Geneva, Switzerland

Date of incorporation: 2019

Paid up capital: CHF 100,000,-

Corporate purpose: to provide alternative payment method services, in particular the

purchase, sale, and transfer of cryptocurrencies and fiat currencies. The corporation may establish branches and subsidiaries in Switzerland and abroad and acquire holdings in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The corporation may acquire, encumber, sell, and administer real estate in Switzerland and abroad. It may also carry out financing on its own behalf or on behalf of third parties, as well as contract guarantees and sureties for subsidiaries and third parties.

Licenses held: SO-FIT, Geneva, Para-Banking affiliation & license held since 2022. fully

Compliant & qualified financial intermediaries under Par. 2, sectionof the AMLA compliance under provisions of FINMA

Banking relationship(s): To be established (client’s choice) previously a Top tier Swiss Bank.

Licence & Scope

Authorizations held

  • Traditional Asset Management (up to CHF 5 million).
  • Financial Advisory and Client introductory services
  • Currency trading
  • Forex brokerage
  • Crypto services, trading, exchange, management
  • Arbitrage
  • Settlement services
  • Escrow services
  • Credit transactions (in particular in relation to consumer loans or mortgages, factoring, commercial financing or financial leasing)
  • Other services related to payment transactions, exchange, credit transactions, in particular: electronic transfers on behalf of third parties
  • The company trade for own account or for other third parties in: banknotes and coins, money market instruments, foreign exchange, precious metals, commodities and securities (stocks and shares and value rights) as well as their derivatives;
  • Commodity trading
  • Securities trading
  • Depository services
  • make investments as investment advisers;
  • hold securities on deposit or manage

Crypto Related Financial Services

  • Trading, Exchange, and Brokerage
  • Crypto Wallet Management Services
  • Stacking Services, both off- and on-line
  • Crypto or Fiat Payment & Merchant Solutions
  • Crypto asset collateralized loans
  • Staking-Backed Loans and crypto related Advisory

Key Features of the Para-Banking VASP Licensed and affiliated Company

  • Asking Price: Upon request
  • Established: in 2019 in cosmopolitan Geneva
  • Legal Domicile: Geneva, Switzerland (possibility of opening branches across Switzerland)
  • Well-established with the local and international community, renowned for its quality and meticulous services.
  • Type of License Held: Para-Banking license, fully compliant & qualified financial intermediary under Par. 2, section 3. of the AMLA compliance under provisions of FINMA
  • Fully audited & compliant (annual reports filed periodically with the authorities)
  • No debt, liabilities or encumbrances of any kind, no pending lawsuits, all tax returns filed and paid to date (comes with a letter of good standing issued by Confederation of Switzerland)
  • Foreign purchaser and shareholders are allowed (upon initial KYC, vetting and approval)
  • Possibility of converting into a fully-fledged Fintech-Bank

Purchaser requirements: Financial Capabilities in form of a Proof of funds, Passport & CV of the new Beneficiary, NDA.

Included in the sales price

Costs paid in advance for the first year of operations:

  • The mandatory Swiss Resident Director
  • The required AML Compliance Officer
  • License & affiliation fees: 1 year
  • Registered Officer Address
  • Administration and Accounting Services
  • AML Audit

Availability: Immediate (transfer of ownership within 5 working days)

Possible Additional Technology Integration

In addition to the current setup, licenses and banking facilities, upon request, the company can come equipped with a White Label online banking solution curated to the client’s specific needs. Setup of a white label trading, exchange and management platform, with various API’S and IBAN generating software. Included are depository, management, trading, payment and exchange services for both fiat and carious cryptocurrency assets. Integration with exchanges and liquidity providers as well as n user interface tailored to the client’s custom specifications are an added bonus.

The white-label online platform is a separate feature, not included in the standard offer.

Key Features

  1. Fully Operational, Licensed and Compliant Company, since 2019
  2. Para-Banking license & Affiliation issued by SO-FIT, Geneva, under provisions of FINMA
  3. Escrow, payment & remittance services
  4. Crypto services (exchange, trading, wallet management)
  5. Located at the heart of cosmopolitan Geneva
  6. Possibility of converting into a fully-fledged Swiss Fintech Bank
  7. Can be equipped with technology, allowing to operate a trading, exchange and management platform, with various integrations and an IBAN generating capability or fiat and crypto
  8. Fully vetted
  9. Good standing with local regulatory & fiscal authorities
  10. All fees prepaid for the first 12 months of operations

YEARLY EXPENSES

Item Heading Description 2nd & Subsequent Years
(SRO Financial Intermediary License under provisions of FINMA)
1 Officers & Directors Director Fee (Board Member) 8,000.00 CHF
Complaince Officer 18,000.00 CHF
Swiss Local Manager 24,000.00 CHF
AML Audit 6,000.00 CHF
Statutory Audit 4,000.00 CHF
2 Legal services
Project, operations review & structuring
Preparatory work
Legal review
Drafting and filing of the SRO application with the Regulators
3 Fiduciary & Compliance
Documentary preparation of the compliance and operating package for the regualtory authorities. Assembly of all relevant operating information and planned operations
4 License Fee
Licensing and affiliation costs, Affiliation & license 12,000.00 CHF
Total 72,000.00 CHF

Basic Details

Listing ID
L#20261044
Country
Switzerland
Industry
Financial Services
Deal Status
Available
Target Price
Price on request
Revenue
TBD
EBITDA
TBA
Revenue Multiple
TBD
EBITDA Multiple
TBD

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