FinTech License, as “promotion of innovation,” available if:
- Primarily active in the financial sector and accept max. CHF 100 million public deposits
Note: If exceed, notify FINMA and submit application for banking license.
- Not invest or give interest on accepted public deposits
- Minimum capital: 3% of accepted public deposits; min. CHF 300,000
- Must be fully paid-up and retained permanently (not loaned or invested)
Note: FINMA may require higher minimum based on risk of business.
- legal form: corporation (AG) or limited liability company (GmbH)
- registered office and actual administration in Switzerland
- must be actually managed from Switzerland
