The Company is an authorized member firm of [To be disclosed], a Supervisory Body officially recognized by the Swiss Financial Market Supervisory Authority (FINMA), with dual supervision pursuant to
independent asset management and;
the Swiss Anti-Money Laundering Act (AMLA).
The Company has an active Certificate of Membership via a supervisory body officially approved by the Swiss Financial Market Supervisory Authority (FINMA) for the supervision of financial intermediaries and for laying down rules of conduct relating to the practice of the profession of independent asset manager.The Certificate of Membership authorises the Company to:
(a) carry out credit transactions (in particular in relation to consumer loans or mortgages, factoring, commercial financing or financial leasing);
(b) provide services related to payment transactions, in particular by carrying out electronic transfers on behalf of other persons,
(c) 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;
(d) manage assets (on a discretionary or non-discretionary basis);
(e) Additionally, make investments as investment advisers; and
(f) hold securities on deposit or manage securities.
Costs paid in advance for the first year
The required Swiss resident director is already in place and their base fee paid in
advance until October 20203
The required AML compliance officer is also already in place and their base fee paid in
advance until October 20204
Paid the License setup fees.
The registered office address, paid in advance for a year.
Swiss main telephone phone number, email addresses
Website with SSL certificate and hosting is included, and paid up for one year
The accountant and financial and compliance auditors are in place
If needed, we will change the company name at our expense
Thus we learnt of the costs paid in advance for the first year by the Swiss Financial Market Supervisory Authority (FINMA).
Switzerland is the lowest legitimate jurisdiction for ongoing costs. Most first-year base running costs are all paid in advance (or shall be on delivery).
The Company is staffed with the required Swiss resident director who will stay on and serve at pleasure of the new shareholder(s) after the change of ownership.