Assets Management License in Switzerland

Introduction

Switzerland is a unique jurisdiction when coming to regulatory regime for companies engaged in financial services provision.

Under Swiss law, companies providing financial intermediation and asset management services can be supervised by SRO (self-regulating organizations) that are registered with FINMA. Such companies are only supervised in respect to compliance with AML regulations.

Assets Management License in Switzerland

According to Swiss federal law on combating money laundering and terrorist financing, AMLA, the following activities are categorized as financial intermediation (article 2, para. 3):

  • carry out credit transactions (in particular in relation to consumer loans or mortgages, factoring, commercial financing or financial leasing);
  • provide services related to payment transactions, in particular by carrying out electronic transfers on behalf of other persons, or who issue or manage means of payment such as credit cards and travellers’ cheques;
  • trade for their own account or for the account of others 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;
  • manage assets;
  • make investments as investment advisers;
  • hold securities on deposit or manage securities

In order to satisfy SRO regime, a company must be incorporated in a form of AG (similar to public limited company) with paid up capital; have Swiss resident director and compliance officer in place, as well as legal domicile (serviced office).

We will fulfill mentioned requirements, as they are included in our service costs. Approximate establishment time is 5-8 weeks

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