Switzerland has a flourishing asset management business, with various domestic and foreign enterprises based there. These firms provide a wide range of investment products and services to both institutional and private clients.
Switzerland has a long history of portfolio management skill. Asset managers in the country are noted for their emphasis on risk management, diversification, and long-term investment methods. They offer customised portfolio solutions to clients based on their investment objectives, risk tolerance, and preferences.
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.
Switzerland’s current population is 8,836,389 as of May 20, 2023, according to Worldometer’s elaboration of the most recent United Nations data. According to UN data, the population of Switzerland in 2020 is predicted to be 8,654,622 people at the midpoint of the year. Switzerland’s population is equivalent to 0.11% of the world’s total.
Over 60% of Swiss people speak German as their first language. They do not speak standard German, but rather a variety of Alemmanic dialects known as Swiss German. French is the primary language in the Romandie, Switzerland’s French-speaking region.
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.
License: | Portfolio Management |
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Timeframe for Approval: | 3 to 4 months |
Regulator: | Switzerland’s Financial Market Authority |
Local Director: | Minimum of one director (can be only natural persons, at least one must be of Swiss nationality) |
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Local Shareholder: | Minimum of one shareholder (can be legal entity or natural person, no nationality restrictions) |
Local Registered Office: | Required |
Local Staff: | Required |
Compliance Officer: | Required |
AML/KYC: | Required |
Audit: | Required |
Economic Substance: | Required |
Corporate Tax Rate: | 14.93 % |
Currency: | Swiss franc |
Minimum Paid-up Capital: | CHF 20,000 |
Capital Requirement: | CHF 20,000 |
Tax Structure: | No income or capital gains tax |
The following actions will be taken in order to receive a licence:
Please provide us with the following documents.
For corporate shareholders need to provide the following: