Description

Switzerland

Business ID: L#20230547

The company is currently licensed and in good standing. It has broad financial services authorizations including but not limited to brokerage, FOREX, crypto, payments, credit/debit card and IBAN account intermediary, commodities and more.

Please find more information and next steps below:

• Est. 2019
• Domicile: Geneva
• License: in good standing, continuous renewal.
• Bank: Credit Suisse
• Type: Swiss AG
• Authorisations: See attached authorisations
• Description of the Company’s regulatory license:

In Switzerland, there are two categories of financial intermediaries. One category includes banks, insurance companies, securities dealers, fund managers, etc., and is subject to supervision under Art. 2, para. 2 of the AMLA. The other group, referred to by FINMA as the “alternative” or “para-banking” sector covers all other financial intermediaries and is subject to supervision under Art. 2, para. 3 of the AMLA. This company’s license falls under the para-banking category and has membership with a supervisory body officially approved by FINMA.

• Very low ongoing costs:

• • Total fixed base running costs are less than CHF 60,000 per YEAR, including virtually everything, i.e., the nominee/responsibility fees of the experienced compliance officer and director, registered office address, license fee, financial audit, compliance audit, SRO audit fee, and the balance sheet, P&L report, tax declaration and related general meeting.

• Guarantee: No debt, lawsuits or taxes owed (comes with Warranty)

• Turnkey delivery: 100% turn-key – all corporate administration is already in place including but not limited to the experienced director, compliance officer, accountant, and financial and compliance auditors, etc.). Our group handles all corporate administration.
• Shareholders: Foreign purchaser/shareholders are allowed
• Included in the sale:

• • Experienced Swiss resident director is in place and will stay on after the sale.
  • Experienced Chief Compliance officer is in place and will stay on after the sale.
  • Name and purpose change
  • Corporate website (build to suit)
  • Swiss telephone phone number
  • customizable automated PBX system for professional call routing

• The handover process in Switzerland is very fast – no regulatory approval is required. Once the agreement is signed and purchase price received, the transfer occurs and the directors begin taking orders from the new shareholder(s)
• No transfer costs or commissions