Description

Geneva, Switzerland

Business ID: L#20240743

A rare opportunity, a fully licensed, active Para-Banking Forex, Money Transfer & CC Company, with, bank accts. Multicurrency client sub-accounts. An immediately available turnkey solution.

Licensed by reputable SO-FIT (so-fit.ch), in Geneva, since 2018, Para-Banking license, fully compliant & qualified financial intermediary under Par. 2, section 3. of the AMLA compliance under provisions of FINMA.
The Para-Banking, fully licensed structure incorporated in 2018 at the heart of Geneva, the most cosmopolitan Swiss city.

The company comes with, licenses and operating bank & depository accounts. The current setup also allows to open various multi-currency sub-accounts as well as process payments.

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

Date of incorporation:               2018

Paid up capital:                         CHF 100,000,-

Corporate purpose:                 to provide institutional and private customers with solutions, tools and services in the field of payment transactions and fund transfers in traditional or decentralized finance, and to enable customers to invest and trade financial assets online. The company may also initiate, structure and manage investment products of all kinds, and carry out all related activities on its own behalf or on behalf of third parties. In general, the company may set up branches and subsidiaries, participate in other companies, enter into all contracts and conduct all business relating directly or indirectly to its corporate purpose. It may also grant loans and sureties to shareholders or third parties.

License

Licenses held: SO-FIT, Geneva, Para-Banking affiliation & license held since 2018. fully compliant & qualified financial intermediaries under Par. 2, section 3. of the AMLA compliance under provisions of FINMA.

Banking Relationship(s)

Active and operating multicurrency bank, custodian & fintech accounts with: Ebury (www.ebury.ch) – client depository account

Payswix (Payswix – Connecting payments) operating bank account with possibility of IBAN generations and sub-accounts.

Authorisations 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
• 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

Capabilities and deployed setups

• Money Management & Transfer – possibility of setting up multicurrency client sub-accounts with dedicated IBANS; payment custody, management &
• FX change & transfer – An existing partnership with Ebury (Belgium EMI and Swiss SRO with VQF). An existing liquidity provider partnership in place; supports virtually all Dedicated client IBAN’s with sub accts. for receipt of various currencies, immediate conversion or transfer of the assets.
• White label IBAN for clients – White label IBAN & Banking Software in Dedicated IBANs, accounts, etc. can be created on a white label banking platform; possibility of dedicated and individualized branding.

Key Features

• Established: in 2018 (close to 10 years of market experience)
• Legal Domicile: Geneva, Switzerland (possibility of opening branches across Switzerland)
• Well-established with the local and international community, existing Geneva offices
• Type of License Held: Para-Banking license, fully compliant & qualified financial intermediary under 2, section 3. of the AMLA compliance under provisions of FINMA
• Fully audited & compliant (annual reports filed periodically with the authorities)
• Operating accounts and payment processing facilities in place
• Credit Card & Payment processing facility in place
• Payment custody, processing & management facilities and setup in place
• Possibility of various API’s and software
• Credit & Debit Card facility generation for clients & partners
• 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
• Fully vetted
• Good standing with local regulatory & fiscal authorities
• All fees prepaid for the first 12 months of operations

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