Switzerland is well-known for its strong and stable banking sector. Some of the world’s largest and most recognised banks, asset management organisations, and insurance companies are headquartered in the country. Swiss financial institutions have a long history of supplying consumers around the world with secure and dependable services.
Switzerland has established itself as a cryptocurrency-friendly jurisdiction. The government and regulatory bodies have taken proactive measures to encourage innovation in the bitcoin and blockchain sectors. To ensure legal certainty and protect investors, the country has created clear regulatory frameworks, such as those established by the Swiss Financial Market Supervisory Authority (FINMA).
Switzerland is located in the centre of Europe. Its 1,935km border is shared by five countries: Italy, France, Germany, Austria, and the Principality of Liechtenstein. Switzerland is separated into three geographical regions.
According to Worldometer’s elaboration of the most recent United Nations data, Switzerland’s current population is 8,833,108 as of Monday, May 1, 2023.
More than 60% of Swiss people speak German as their first language. They do not speak standard German, but rather a collection of Alemmanic dialects known as Swiss German. The Romandie, or French-speaking area of Switzerland, is the primary language.
Switzerland has a statute-based legal system that is independent of the other government branches, founded on the tradition of civil law. Except as expressly mentioned by the country’s Constitution as belonging to the federal authorities, all legislative power rests with the country’s 26 cantons.
Switzerland has taken a proactive approach to cryptocurrency regulation. Businesses benefit from a defined regulatory environment that provides legal certainty and transparency by getting a crypto licence from the Swiss Financial Market Supervisory Authority (FINMA). This transparency promotes trust and confidence among clients and investors.
Switzerland has a long history as a global financial centre. Switzerland provides a solid platform for crypto enterprises to operate and attract international clients, with a well-developed banking system, tough investor protection legislation, and a stable economy.
Both in the regular banking sector and in the crypto industry, Switzerland has a great reputation for security and anonymity. Individuals and businesses looking for a secure environment for their crypto activities will find the country’s tough data protection laws, strong cybersecurity infrastructure, and respect for privacy rights intriguing.
Having a crypto licence in Switzerland allows firms to have access to traditional financial services, including as banking facilities, which may be difficult for crypto enterprises in other jurisdictions. This allows for the seamless integration of cryptocurrency and fiat currencies, making it easier to serve clients and provide comprehensive financial services.
Switzerland has created a regulatory framework that is conducive to tokens. The country has issued token classification standards, which clarify the legal position of various types of tokens. This method promotes token economy innovation and the growth of blockchain-based projects.
Switzerland’s geographic location puts it close to key European markets. This strategic advantage enables corporate expansion throughout Europe by providing simpler access to a wide client base.
Switzerland has a highly talented and educated workforce, especially in finance, technology, and cryptography. Switzerland’s universities and research institutions contribute to an innovative culture, making it an appealing site for crypto firms seeking top talent and research collaborations.
Switzerland has a global reputation for political stability, financial honesty, and devotion to the rule of law. A Swiss crypto licence improves a company’s international reputation and fosters trust among clients, partners, and investors.
|License:||Financial Intermediary License|
|Timeframe for Approval:||3 to 4 months|
|Local Director:||At least one director (cannot be legal persons and need not to be shareholders of the corporation)|
|Local Shareholder:||At least one shareholder (no nationality restriction or residency restrictions)|
|Local Registered Office:||Required|
|Corporate Tax Rate:||12%|
|Currency:||Swiss Franc (CHF)|
|Tax Structure:||0% Tax on Offshore Profits|
|Min. Paid-up Capital:||100,000 CHF|
|Capital Requirement:||Approx. $100,000|
|Gov. App Fee:||USD5,000|
(including but not limited to directors, shareholders and beneficial owners)