Description

Switzerland

Business ID: L#20240658

The company also holds a provisional FINMA acceptance under Art. 17 FINIG covering full asset and wealth management services.

The Para-Banking Asset Management & Remittance Business, incorporated in 2005 at the heart of cosmopolitan Geneva, with modern office facilities, giving access to various amenities, within a close vicinity of the Cornavin Railway station. The company comes with personnel, licenses and operating bank accounts. A unique opportunity to acquire an existing and fully operational, well-established Asset Management & Remittance Business.

Keypoints

Established: in 2005 (almost 20 years market experience)
· 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)
· Operating, management, broker and custody accounts held with Switzerland’s top tier banks
· 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
· Licenses held: SO-FIT, Geneva, Para-Banking affiliation & license held since 2005. fully compliant & qualified financial intermediaries under Par. 2, section 3. of the AMLA compliance under provisions of FINMA also holds a provisional FINMA acceptance under Art. 17 FINIG covering full asset and wealth management services
· Banking relationship(s): Active and operating multicurrency bank accounts with: BCGE Bank (www.bcge.ch) Multicurrency operating account

Licence & Scope

Traditional Asset Management (up to CHF 5 million).
· Financial Advisory and Client introductory service.
· Currency trading
· Forex brokerage
· 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 securities.

Crypto Related Financial Services

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

Included in the Price

Costs paid in advance for the first year of operations:

· The mandatory Swiss Resident Director
· The required AML Compliance Office.
· License fees: 1 year
· Registered Officer Address
· Administration and Accounting Services
· AML Audit
· Technology:
– Setup of a white label solution trading, exchange and management platform, with various APIS and IBAN generating software (details of the platform and functionalities below) according to client’s custom specifications
– Monthly usage fee of the platform covered for 1 years in advance