Eternity Law International — Crypto licenses for sale — EMI License in Switzerland

EMI License in Switzerland

Published:
October 9, 2020

This is a new investment opportunity - EMI license in the UK , EMI License in Singapore ,. Please check out the main details regarding this proposal below.

Switzerland’s enduring reputation in the world of finance and its consistent economic stability have made it a prominent choice. For enterprises with ambitions in the European financial landscape, the Swiss Electronic Money Institution (EMI) license presents a captivating opportunity. In the following sections, we will delve into the intricacies of securing an EMI license in Switzerland, encompassing its prerequisites, advantages, and the application procedure, bank accounts, transactions, taxation, costs, and the value-added services that can streamline the journey.

Swiss EMI License Requirements

The acquisition of an EMI license in Switzerland is subject to a rigorous set of prerequisites. These include:

  • Legal Entity: Applicants must be registered legal entities, either in Switzerland or another European Economic Area (EEA) country.
  • Capital Requirements: Demonstrating adequate capital on the bank account is essential, ensuring that the institution is financially stable.
  • Corporate Governance: Stringent governance and risk management structures are required to guarantee the institution’s operational stability.

Advantages of EMI Licenses in Switzerland

Access to the European Market: Possessing an EMI license in Switzerland grants unimpeded entry to the European Union (EU) single market, enabling companies to seamlessly offer services across EU member nations, substantially broadening their market presence.

Diversification of Financial Services: EMI license holders have the advantage of offering a diverse array of services, encompassing electronic money issuance and the facilitation of electronic payments and sales. This adaptability is particularly attractive to FinTech firms seeking to broaden their portfolio of services.

Boosted Reputation: The possession of an EMI license enhances a registered company’s credibility, instilling confidence in both clients and prospective collaborators. This elevated standing can facilitate the formation of partnerships and foster increased customer acquisition.

Operational Autonomy: EMI license holders gain greater control over their financial operations, reducing reliance on third-party payment processors and enabling tailored services to meet customer demands.

Procedure for Obtaining an EMI License in Switzerland

The path to securing an e-money license in Switzerland can be outlined in several steps:

Preparation: Ensure your company meets all eligibility criteria and gathers the requisite documentation.

Application Submission: Submit a thorough application to the Swiss Financial Market Supervisory Authority (FINMA), detailing your business plan, governance structure, and AML/KYC policies.

Review Process: FINMA conducts a meticulous review of your application, which may extend over several months to ensure your readiness to operate as a FinTech institution.

Approval: Upon successful review, you will receive your EMI license, granting permission to commence financial operations.

What is Included in Our Services

Comprehensive Guidance: Expert consultants provide step-by-step assistance, ensuring your application aligns with law requirements.

Regulatory Compliance: Professional services help issue and maintain robust AML/KYC procedures, guiding you through ongoing regulatory changes.

Risk Assessment: These services assist in identifying and mitigating potential risks in your business plan and operational model, ensuring a smooth and secure transaction and sales.

Taxation of EMI Companies in Switzerland

EMI companies in Switzerland are subject to corporate taxation. The country’s corporate income tax rates are competitive, typically ranging from 12% to 24%, depending on the canton where the company is based. Additionally, Swiss VAT regulations apply to financial services.

How Much Does an EMI License in Switzerland Cost?

The price of obtaining an e-money license in Switzerland can vary significantly based on various factors. These include the complexity of your business model, the extent of professional assistance required, and ongoing compliance price. Budgeting for application fees, legal and consultancy fees, and other related expenses is essential.

Our Advantages

Selecting the right partner for your EMI license application can profoundly impact your success in this endeavor. Our services offer distinct advantages:

Expertise: Our team comprises seasoned professionals well-versed in EMI licensing and law compliance.

Efficiency: We streamline the application process, minimizing potential delays and ensuring a seamless transition to EMI license status.

Ongoing Support: Beyond obtaining your license, our services provide continued support to help you maintain compliance and adapt to evolving regulations, ensuring your business remains robust and responsive.

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