Post by congregatio on Oct 20, 2011 8:43:39 GMT 4
If you are in need of a new untarnished banking license and you can satisfy the swiss requirements and have the money we can provide the service of creating a bank for you.
The core bank activity (asset management) requires a license, while money transfer, commodities trading, and trade finance are not deemed core banking activities and do not require a banking license (however full membership in Euroclear/SWIFT, CLEARSTREAM and CLS as well as Depositary Services will) but will require other licenses. A credible and substantiated business plan as well as personal trustworthiness with regard to proper conduct of business operations are key for obtaining a new banking license. (Swiss Banking Law, Article 3).
According to regulatory standards, a minimum of CHF 15 million minimum paid-in capital is required ( we suggest more CHF 25 Million). We offer the founders full support and a turnkey solution for the overall structure. Besides filing of the license application and drafting regulations for the board and executive committee, this also includes business plan, IT- and compliance planning and direction of the overall development of the bank. Our experiences with bank formation ensure professional advice and processing. We work with licenced cpa's and lawyers and can adjust any structure to your needs.
We do offer turn key packages and will also consider setting up offshore banks. However before you inquire make sure to have some kind of proof of the existence of funds and understand that there will be no privacy towards the regulatory body.
contact us at: legal@congregatio.net
The core bank activity (asset management) requires a license, while money transfer, commodities trading, and trade finance are not deemed core banking activities and do not require a banking license (however full membership in Euroclear/SWIFT, CLEARSTREAM and CLS as well as Depositary Services will) but will require other licenses. A credible and substantiated business plan as well as personal trustworthiness with regard to proper conduct of business operations are key for obtaining a new banking license. (Swiss Banking Law, Article 3).
According to regulatory standards, a minimum of CHF 15 million minimum paid-in capital is required ( we suggest more CHF 25 Million). We offer the founders full support and a turnkey solution for the overall structure. Besides filing of the license application and drafting regulations for the board and executive committee, this also includes business plan, IT- and compliance planning and direction of the overall development of the bank. Our experiences with bank formation ensure professional advice and processing. We work with licenced cpa's and lawyers and can adjust any structure to your needs.
We do offer turn key packages and will also consider setting up offshore banks. However before you inquire make sure to have some kind of proof of the existence of funds and understand that there will be no privacy towards the regulatory body.
contact us at: legal@congregatio.net