Cryptocurrency exchange license in Switzerland

Crypto Exchange License Switzerland

Switzerland is not only one of the world's financial centers but also a pioneer in the development of the crypto business. Back in 2014, the Confederation fixed the legal status of non-fiat currencies. The legal recognition of crypto assets launched the active development of the financial market trading in digital currencies.

Cryptocurrency in Switzerland is considered an asset that can be exchanged and used for various commercial activities. To work with cryptocurrency, including as ICOs or crypto-exchangers, you must obtain a Swiss Crypto license. There are several types of licenses depending on the chosen field of activity:

Banking license
Investment fund license
FinTech license
DLT trading system license

‍

Steps

Company registration in Switzerland

It is necessary to register a local company, for which a license will subsequently be issued. You should select the name of the company, indicate the participants and provide their documents in order to register a company.

Account opening

The company needs to open a bank account in order to deposit the share capital. Opening an account is a complex process that should be entrusted to professionals. In order to open an account, you should to collect a package of documents and competently conduct further negotiations.

Contribution of authorized capital

The exact amount of authorized capital depends on the type of the license. The beneficiary must provide documents on the source of origin of funds contributed as authorized capital upon bank's request.

Hiring required employees

The company must have key positions employees, some of them must be local. We will help with the search and selection of employees.

Office rent

Office rent is not mandatory, but having one will significantly increase your chances of obtaining a license. We will select a budget option that meets the requirements.

Preparation of documents for applying for a license

It is necessary to prepare a business plan, and policies. In addition, application forms must be filled out. The client will only need to provide a basic information, on the basis of which we will prepare documents, taking into account local legislation.

Filing an application

It is necessary to submit an application to the regulator after preparing the company and documents. After submitting an application, you must be ready to answer additional questions from the regulator. We will take care of timely and competent answers.

Obtaining a license

The company receives a license after successfully passing the previous stages. At the same time, it must begin work within six months from the date of receipt of the license. Otherwise, the license may be cancelled.

Countries are nearby

Cryptocurrency exchange license in Estonia

Many companies whose activities imply working with crypto wallets and cryptocurrency exchanges give preference to Estonia for licensing. In this small country, you can profitably launch a cryptocurrency exchange, in particular, due to the minimum rate of corporate income tax — 0%.

learn more

Cryptocurrency exchange license in Switzerland

learn more

Frequently Asked Questions:

The final cost of obtaining a license for the exchange of cryptocurrencies in Switzerland is depends on the various factors (the exact list of future services, the region where the future exchanger will operate, etc.). You can find out the exact cost of obtaining a license for the exchange of cryptocurrencies in Switzerland by contacting our specialists.

In order to obtain a cryptocurrency license in Switzerland, opening an account for initial capital contribution is mandatory. Also, an account will be required for further commercial activities.

The company registration and the crypto license obtaining in Switzerland takes about 5-7 months.

The license for the exchange of cryptocurrencies in Switzerland is termless. But periodically you need to submit reports and adapt the company under new changes.