Switzerland is probably the most exclusive jurisdiction in the world for starting a FinTech / Cryptocurrency business.
Via our local partners, we offer extended services and turnkey solutions in maximum 3 months.
Crypto legislation in Switzerland is already well established, with no changes expected in the next 5 years. Obtaining a FINMA cryptocurrency exchange license ensures that your cryptocurrency exchange operates within a clear legal framework, which fosters trust among customers and investors.
Required share capital: 20 000 CHF
Corporate income tax: 11.9% to 21%
Annual supervision fee: 3 500 CHF
The requirements for a crypto license in Switzerland vary depending on the type of license and the activities and services provided by the crypto business. Some of the usual needs include:
Establishing a company (e.g., a joint stock company, a limited liability company, or a corporation with an unlimited number of partners) in Switzerland;
The company must have a detailed business plan outlining its purpose, objectives, target market, products, services, risks, governance, and compliance. It should also have sufficient capital to cover operational and financial risks (starting at CHF 20,000) and a strong organizational structure for effective management, supervision, control, and reporting.
Cryptocurrency enterprises must also collaborate with FINMA and other regulatory bodies.
Find out more about this exclusive jurisdiction, whit trusted partners and some of the best prices on the market.
In Switzerland, numerous crypto licenses can be obtained to perform legitimate cryptocurrency commerce. The license protects both the project team and the clients, helping to create a safe atmosphere for cryptocurrency commerce.
FINMA lists the primary types of licenses:
Standard taxes are:
Switzerland has over 100 international double taxation treaties, which allow taxpayers to avoid double taxes on income earned abroad. Furthermore, if certain circumstances are met, enterprises with foreign operations are eligible for cantonal and municipal tax exemptions, with foreign-sourced profits taxed at rates ranging from 7.83% to 11%.
FINMA - Swiss Financial Market Authority
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According to the new regulation, a share capital of 20,000 CHF is required.
Realistic term for a new, from scratch company, is 3-4 months.
Every Swiss company with an annual income of more than 500,000 CHF ($570,000) must prepare financial statements. Cryptocurrency companies can file reports in either Swiss francs or their principal currency. In addition, reports can be in one of Switzerland's official languages or in English. It is critical to keep signed paper copies of annual and audit reports for ten years.
Audit levels vary depending on the size of the organization and the extent of its operations. An annual routine audit typically costs around CHF 4,500 ( $5,000).
A standard audit is required if the company meets two of the following criteria for two consecutive fiscal years: