
The
Swiss fintech sector evolved at a rapid pace in the last years and this is why the procedure of
company formation in Switzerland is recommended in this case. The country has
more than 200 companies that are performing operations in the
fintech sector, but their number is much higher, if
other fintech-related businesses are taken into consideration.
Our team of specialists in company formation in Switzerland can offer assistance on
how to start a fintech business.
What are the top fintech activities developed by Swiss companies?
Those who are interested in
opening a company in Switzerland that will conclude business activities in the
fintech sector should also know that more and more
Swiss financial institutions have
implemented fintech services, marking a new era for the manner in which
financial services are delivered to the general public.
Companies in Switzerland perform the following
activities:
- • some of the key activities developed in Switzerland refer to robo-advisory, platforms for crowdfunding and crowdlending activities;
- • Switzerland is also known for having developed payment systems services;
- • the country is also known as one of the leading destinations at a global level for cryptocurrency activities, being one of the first country to ever use this new type of currency;
- • another top activity refers to initial coin offerings (ICOs), with Zug being the leading Swiss location on the matter.
Does a fintech business need a license in Switzerland?
Due to the fact that the
fintech business will also perform operations related to the
financial sector, certain categories of businesses will need to comply to the legislation prescribed for any
financial operator;
our team of consultants in company registration in Switzerland can assist with advice on the main
business permits addressed to
type of company.
If this is the case, the
company will need a
license issued by the
Swiss Financial Market Supervisory Authority (FINMA), which is generally required for
investment funds, banking institutions, insurance companies, fund management companies and others. Investors can
contact our team of specialists for more details on the regulations addressed to the
fintech sector.