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    Para-Banking operating Swiss Asset Management & Remittance Company FINMA

    Description

    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

    Basic Details

    Target Price:

    Fr.849,000

    Gross Revenue

    TBD

    EBITDA

    TBD

    Business ID:

    L#20240658

    Country

    Switzerland

    Detail

    Business ID:L#20240658
    Property Type:Financial Services
    Target Price: Fr.849,000
    Gross Revenue:TBD
    EBITDA:TBD
    Target Price / Revenue:849000x
    Target Price / EBITDA:849000x
    Contact M&A Advisor






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      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

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