|Swiss AMF AG and our group of companies is your one-stop solution for Swiss bank license services. With our extensive experience and dedicated team of professionals, we manage the entire bank licensing process, preparing all necessary documentation to ensure a seamless and successful application.|
- Comprehensive Consultation Our team of experts will guide you through the process of obtaining a Swiss banking license. We begin with an in-depth consultation to understand your business model, objectives, and unique requirements.
- Business Plan Development A well-structured business plan is essential for a successful bank licensing application. Our team will help you create a comprehensive plan that outlines your bank’s mission, strategy, target market, financial projections, and risk management approach.
- Regulatory Compliance We ensure that your organization adheres to Swiss and international banking regulations, providing guidance on the implementation of necessary policies and procedures to meet regulatory standards.
- License Application Preparation Our specialists will prepare and compile all required documentation for your Swiss bank license application, including the business plan, risk assessment, compliance policies, and corporate governance guidelines.
- Submission and Liaising with FINMA We manage the entire application submission process and liaise with the Swiss Financial Market Supervisory Authority (FINMA) on your behalf. Our team will handle any queries, feedback, or additional documentation requests, ensuring a smooth and efficient application process.
- Post-Licensing Support After obtaining your Swiss banking license, we provide ongoing support and advice to help you navigate the regulatory landscape, maintain compliance, and grow your business.
Why Choose us?
- Expertise: Our dedicated team of professionals brings years of experience and a deep understanding of the regulatory environment.
- Comprehensive Solutions: We manage the entire licensing process, from consultation to post-licensing support, providing a seamless experience for our clients.
- Tailored Approach: We customize our services to suit the unique needs of your business, ensuring a tailored approach that optimizes your chances of success.
- Transparent Communication: Our commitment to clear and open communication ensures you remain informed and involved throughout the application process.
- Trusted Partner: We pride ourselves on our integrity, professionalism, and ability to build lasting relationships with our clients, making us a trusted partner in your banking journey.
Embark on your Swiss banking license journey with confidence by partnering with our group. Our Swiss bank licensing services provide the expertise and support you need to successfully navigate the licensing process and establish a strong foundation for your banking business. Contact us today to learn more about how we can help turn your vision into reality.
|License||FINMA Bank license (Switzerland)|
|Our group’s fees, legal and Audit Fees||Expect total legal and other fees of approximately CHF 600,00, as follows: (1) CHF 300,000 to our group of companies involved with sourcing employees, assistance with business plan, management/coordination, etc. (2) CHF 150,000 for drafting the application and coordination; (3) CHF 100,000 for an audit firm to draft the internal guidelines; and (3) CHF 50,000 for an audit of the application (required by law); this includes the legal work and documents as set forth in the FINMA guidelines (attached) except for the business plan.|
|Capital requirement||Fully paid-up minimum capital of CHF 10 million (minimum), in liquid assets, which must be paid in and remain in the company from the onset. These funds remain the property of the Company, but the capital must be maintained. The source of funds must be proven.|
|Type of corporation||Swiss public limited company (AG) (we will incorporate)|
|Licensing requirements||See Schedule A, attached hereto|
|Employee requirement||The bank will need a team of employees with solid prior banking experience. We can help provide proper staff. Expect approx. CHF 1.2 to 2 million per year salary costs (+/-)|
|Shareholders||Shareholders must have no securities or other regulatory sanctions or serious criminal offenses levied against them and must pass KYC and regulatory scrutiny.|
|Office space||Office space will be needed for housing employees. Cost range from CHF 5,000 to 10,000+ per month, depending on size, location, etc.|
|Timeframe||FINMA states that the approval process should normally take about six (6) months, but the duration depends on the quality and complexity of the application. In the case of applications with a foreign connection, the time it takes to receive a response from the competent foreign supervisory authorities must also be taken into account.|
|Cost Summary (Est.)||CHF 600,000 total fees/costs|
CHF 10-20 million deposit capital (FINMA will decide in the end, expect CHF 20m)
CHF 3 million+ to cover operating expenses for a couple years.