This website does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by MergersUS Inc. or any other third party regardless of whether such security, product or service is referenced in this website. Furthermore, nothing in this website is intended to provide tax, legal, or investment advice and nothing in this website should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction.MergersCorp M&A International franchising program is not offered to individuals or entities located in the United States.
The franchising program is offered by MergersUK Limited a UK Company with registered office at 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
Switzerland has long been known as a global financial hub, renowned for its stability, security, and privacy. Its banking sector is one of the most prominent in the world, attracting wealthy individuals, corporations, and institutional investors seeking a safe haven for their assets.
The Swiss banking industry has a long history dating back to the 18th century, when wealthy families sought a discreet and secure way to store their wealth. Swiss banks quickly gained a reputation for their strict adherence to privacy laws and impeccable financial services, attracting clients from around the world.
Switzerland’s banking sector is known for its strong regulation and supervision, ensuring the stability and integrity of the financial system. The country has strict anti-money laundering laws and a robust regulatory framework, making it a trustworthy and reliable destination for banking.
Swiss banks offer a wide range of financial services, including wealth management, asset protection, investment banking, and private banking. They are known for their expertise in managing assets and providing tailored solutions for clients’ financial needs.
Switzerland is home to some of the world’s largest banks, such as UBS and Credit Suisse, as well as numerous private banks and wealth management firms. These institutions have a global presence, offering services to clients in multiple jurisdictions.
The Swiss banking sector benefits from the country’s political stability, strong economy, and skilled workforce. Switzerland has a well-developed infrastructure, a highly educated population, and a business-friendly environment, making it an attractive destination for financial institutions.
Swiss Bank License vs Swiss Fintech License
Traditional Bank License
Light Fintech Banking Licence
Industry
Banking
Banking
Regulator
FINMA
FINMA
Est. total costs (not counting employees)
Expect total costs of approximately CHF 450,000, based on the estimates below:
(1) Writing business plan, help with sourcing employees, management and coordination;
(2) Outside legal;
(3) Audit firm to draft the internal guidelines; and
(4) Audit of the application (required by law)1; this includes the legal work and documents as set forth in the FINMA guidelines.
(5) Miscellaneous CHF 25,000
(6) FINMA fees, CHF 5-20,000
Expect total costs of approximately CHF 250,000 – CHF 350,000based on the estimates below:
(1) Writing business plan, help with sourcing employees, management and coordination;
(2) Outside legal (if req.)
(3) Audit firm to draft the internal guidelines; and
(4) Audit of the application (required by law)2; this includes the legal work and documents as set forth in the FINMA guidelines.
(5) Miscellaneous CHF 25,000
(6) FINMA fees, CHF 5-20,000
Minimum capital
CHF 10 million
CHF 2 million OR 3% of deposits
Public deposits
Unlimited
Max CHF 100 million
Use of Deposits
Lending and deposit business
Deposit business only, no lending (no interest margin business)
Capital and liquidity requirements
As per Banking Act
None
Supervision and monitoring
Normal auditor; annual audits
Reduced requirements and frequency
Accounting
As per Banking Act
As per Swiss Code of Obligations
Deposit guarantee
As per Banking Act
None
Organisational requirements
Comprehensive, as per Banking Act
Exceptional relaxation of requirements possible
Licensing requirements
See Bank License Guidelines, below
See Fintech License Guidelines, below
Employee requirements
The bank will need a team of employees with solid prior banking experience. We can help provide proper staff. Expect approx. CHF 1.5 to 2 million per year salary costs
The Fintech will need a team of employees with solid prior banking experience. We can help provide proper staff. Expect approx. CHF 500,000 per year salary costs (+/-).
1 These are fair estimates, but can be more or less, depending on many factors. Plan for CHF 20 million
2 These are fair estimates, but can be more or less, depending on many factors. Plan for CHF 20 million
Switzerland has long been known as a global financial hub, renowned for its stability, security, and privacy. Its banking sector is one of the most prominent in the world, attracting wealthy individuals, corporations, and institutional investors seeking a safe haven for their assets.
The Swiss banking industry has a long history dating back to the 18th century, when wealthy families sought a discreet and secure way to store their wealth. Swiss banks quickly gained a reputation for their strict adherence to privacy laws and impeccable financial services, attracting clients from around the world.
Switzerland’s banking sector is known for its strong regulation and supervision, ensuring the stability and integrity of the financial system. The country has strict anti-money laundering laws and a robust regulatory framework, making it a trustworthy and reliable destination for banking.
Swiss banks offer a wide range of financial services, including wealth management, asset protection, investment banking, and private banking. They are known for their expertise in managing assets and providing tailored solutions for clients’ financial needs.
Switzerland is home to some of the world’s largest banks, such as UBS and Credit Suisse, as well as numerous private banks and wealth management firms. These institutions have a global presence, offering services to clients in multiple jurisdictions.
The Swiss banking sector benefits from the country’s political stability, strong economy, and skilled workforce. Switzerland has a well-developed infrastructure, a highly educated population, and a business-friendly environment, making it an attractive destination for financial institutions.
Swiss Bank License vs Swiss Fintech License
Traditional Bank License
Light Fintech Banking Licence
Industry
Banking
Banking
Regulator
FINMA
FINMA
Est. total costs (not counting employees)
Expect total costs of approximately CHF 450,000, based on the estimates below:
(1) Writing business plan, help with sourcing employees, management and coordination;
(2) Outside legal;
(3) Audit firm to draft the internal guidelines; and
(4) Audit of the application (required by law)1; this includes the legal work and documents as set forth in the FINMA guidelines.
(5) Miscellaneous CHF 25,000
(6) FINMA fees, CHF 5-20,000
Expect total costs of approximately CHF 250,000 – CHF 350,000based on the estimates below:
(1) Writing business plan, help with sourcing employees, management and coordination;
(2) Outside legal (if req.)
(3) Audit firm to draft the internal guidelines; and
(4) Audit of the application (required by law)2; this includes the legal work and documents as set forth in the FINMA guidelines.
(5) Miscellaneous CHF 25,000
(6) FINMA fees, CHF 5-20,000
Minimum capital
CHF 10 million
CHF 2 million OR 3% of deposits
Public deposits
Unlimited
Max CHF 100 million
Use of Deposits
Lending and deposit business
Deposit business only, no lending (no interest margin business)
Capital and liquidity requirements
As per Banking Act
None
Supervision and monitoring
Normal auditor; annual audits
Reduced requirements and frequency
Accounting
As per Banking Act
As per Swiss Code of Obligations
Deposit guarantee
As per Banking Act
None
Organisational requirements
Comprehensive, as per Banking Act
Exceptional relaxation of requirements possible
Licensing requirements
See Bank License Guidelines, below
See Fintech License Guidelines, below
Employee requirements
The bank will need a team of employees with solid prior banking experience. We can help provide proper staff. Expect approx. CHF 1.5 to 2 million per year salary costs
The Fintech will need a team of employees with solid prior banking experience. We can help provide proper staff. Expect approx. CHF 500,000 per year salary costs (+/-).
1 These are fair estimates, but can be more or less, depending on many factors. Plan for CHF 20 million
2 These are fair estimates, but can be more or less, depending on many factors. Plan for CHF 20 million
Description
Switzerland has long been known as a global financial hub, renowned for its stability, security, and privacy. Its banking sector is one of the most prominent in the world, attracting wealthy individuals, corporations, and institutional investors seeking a safe haven for their assets.
The Swiss banking industry has a long history dating back to the 18th century, when wealthy families sought a discreet and secure way to store their wealth. Swiss banks quickly gained a reputation for their strict adherence to privacy laws and impeccable financial services, attracting clients from around the world.
Switzerland’s banking sector is known for its strong regulation and supervision, ensuring the stability and integrity of the financial system. The country has strict anti-money laundering laws and a robust regulatory framework, making it a trustworthy and reliable destination for banking.
Swiss banks offer a wide range of financial services, including wealth management, asset protection, investment banking, and private banking. They are known for their expertise in managing assets and providing tailored solutions for clients’ financial needs.
Switzerland is home to some of the world’s largest banks, such as UBS and Credit Suisse, as well as numerous private banks and wealth management firms. These institutions have a global presence, offering services to clients in multiple jurisdictions.
The Swiss banking sector benefits from the country’s political stability, strong economy, and skilled workforce. Switzerland has a well-developed infrastructure, a highly educated population, and a business-friendly environment, making it an attractive destination for financial institutions.
Swiss Bank License vs Swiss Fintech License
Traditional Bank License
Light Fintech Banking Licence
Industry
Regulator
Est. total costs (not counting employees)
(1) Writing business plan, help with sourcing employees, management and coordination;
(2) Outside legal;
(3) Audit firm to draft the internal guidelines; and
(4) Audit of the application (required by law)1; this includes the legal work and documents as set forth in the FINMA guidelines.
(5) Miscellaneous CHF 25,000
(6) FINMA fees, CHF 5-20,000
(1) Writing business plan, help with sourcing employees, management and coordination;
(2) Outside legal (if req.)
(3) Audit firm to draft the internal guidelines; and
(4) Audit of the application (required by law)2; this includes the legal work and documents as set forth in the FINMA guidelines.
(5) Miscellaneous CHF 25,000
(6) FINMA fees, CHF 5-20,000
Minimum capital
Public deposits
Use of Deposits
Capital and liquidity requirements
Supervision and monitoring
Accounting
Deposit guarantee
Organisational requirements
Licensing requirements
Employee requirements
1 These are fair estimates, but can be more or less, depending on many factors. Plan for CHF 20 million
2 These are fair estimates, but can be more or less, depending on many factors. Plan for CHF 20 million
Basic Details
Target Price:
$750,000
Business ID:
L#20240638
Country
Switzerland
Detail
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