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With clients in 20+ countries, including Binance, growth-stage companies and innovative startups, we provide expert guidance on crypto licensing in Switzerland and other key jurisdictions. Contact us today for a free consultation and take the first step toward compliance and growth!

Introduction

Switzerland remains one of the most forward-thinking nations when it comes to regulating cryptocurrency and blockchain technology. Often dubbed the “Crypto Nation,” Switzerland provides a clear legal framework, a supportive blockchain community, and a favorable tax environment for digital asset ventures. From the vibrant “Crypto Valley” in Zug to the country’s multilingual market, obtaining a Crypto License in Switzerland can significantly bolster a company’s global reputation and growth potential.

In this guide, we delve into the key benefits, types of licenses, requirements, taxation details, and step-by-step procedures to secure a Swiss crypto license. Whether you’re a blockchain startup, an established fintech enterprise, or a global financial institution, understanding Switzerland’s regulatory landscape can help you operate seamlessly and compliantly.

Benefits of Obtaining a Crypto License in Switzerland

  • Regulatory Clarity: The Swiss Financial Market Supervisory Authority (FINMA) has developed clear guidelines for businesses operating in the crypto space. Firms benefit from a transparent regulatory environment, reducing compliance uncertainties.
  • Prestigious Jurisdiction: Switzerland’s long-standing reputation for financial integrity elevates the credibility of licensed crypto businesses. Operating under Swiss regulations can increase trust among international partners and investors.
  • Thriving Blockchain Ecosystem: Home to the famous “Crypto Valley” in Canton Zug, Switzerland boasts a dynamic network of blockchain innovators, investors, and service providers. Engaging with this ecosystem can foster invaluable collaborations and growth opportunities.
  • Flexible Tax System: The country’s multi-tiered tax system allows businesses to strategically choose favorable cantons, potentially minimizing tax liabilities. Further, Switzerland has numerous double-taxation treaties, which is beneficial for global operations.
  • Innovation-Friendly Environment: Swiss authorities continuously refine regulations to accommodate new blockchain applications. This forward-looking approach encourages startups to explore disruptive business models without facing outdated legal barriers.

Types of Crypto Licenses Available

Switzerland distinguishes between various types of crypto licenses based on the scope and nature of activities. Below are the primary license categories recognized by FINMA:

  • Financial Intermediation (Fintech License): Often referred to as the Financial Transaction License, it allows companies to accept deposits up to CHF 100 million and manage or store crypto assets without offering interest on them. Commonly used by crypto exchanges, wallet providers, and payment service operators.
  • Banking License: Permits unlimited public deposits from individuals and corporate clients. Suitable for businesses intending to offer comprehensive banking services, including crypto custody and trading.
  • Investment Fund License: Authorizes the creation and management of collective investment schemes involving crypto assets. Intended for fund managers who oversee crypto portfolios on behalf of investors.
  • DLT Trading Facility License: Enables the operation of platforms for multilateral trading of DLT (Distributed Ledger Technology) securities. Ideal for crypto exchanges dealing with tokenized securities and other blockchain-based assets.

Requirements for a Crypto License in Switzerland

Before applying for a crypto license, companies must fulfill certain foundational requirements:

Swiss Corporate Structure

  • Incorporation: Incorporation as a Swiss entity, typically a GmbH (limited liability company) or AG (joint-stock company).
  • Share Capital: Minimum share capital can range from CHF 20,000 for a GmbH to CHF 300,000 (or more) for certain Fintech licenses.

Local Presence

  • Registered Office: A registered office in Switzerland with at least one local director or manager.
  • Operational Setup: Demonstrable operational setup, including local staff, infrastructure, and IT systems.

Robust AML/KYC Policies

  • Compliance: Stringent internal policies to comply with Swiss Anti-Money Laundering (AML) legislation and Know Your Customer (KYC) requirements.
  • AML Officer: Appointment of an AML compliance officer and a FINMA-registered auditor.

Qualified Management Team

  • Expertise: Board members and key personnel must pass “fit and proper” tests, showcasing relevant expertise and a clean legal record.

Auditing and Reporting

  • Financial Statements: Annual financial statements must be prepared in either Swiss official languages (German, French, Italian) or English.
  • Auditing: Depending on your company’s size, either a limited or ordinary external audit is mandatory.

Steps to Obtain a Crypto License in Switzerland

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Essential Steps for Setting Up For Switzerland crypto license

Talk with our founder Mardo Soo
steps_image_crypto

Essential Steps for Setting Up For Switzerland crypto license

Talk with our founder Mardo Soo
Determine Licensing Needs
  • Conduct an internal review (or consult a legal advisor) to confirm which specific license aligns with your business model.
Company Incorporation
  • Register a Swiss entity (GmbH or AG) via the EasyGov platform.
  • Deposit the required share capital into a Swiss bank account.
  • Prepare corporate documents (Articles of Association, Stampa declaration, etc.) for notarization and official registry.
Compile Application Documents
  • Draft a detailed business plan with revenue forecasts, organizational charts, and market analysis.
  • Develop comprehensive AML/CFT policies, including transaction monitoring and customer due diligence.
  • Provide all required personal documents (ID copies, CVs, criminal background checks) of shareholders and board members.
Submit License Application to FINMA
  • File the completed license application, including payment of the initial application fees.
  • FINMA may request additional documentation or clarifications.
Await Review and Possible On-Site Inspection
  • FINMA assesses your application’s completeness, verifying compliance with Swiss financial laws.
  • The authority may conduct an inspection or request an auditor’s report.
Obtain License Approval
  • Once all requirements are satisfied, FINMA issues the crypto license.
  • You must then maintain ongoing compliance, including regular filings, audits, and prompt reporting of any significant business changes.
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Looking for a crypto license in Switzerland? Our team offers a free consultation and quick responses to help you navigate options in Switzerland and other jurisdictions. Contact us today to start your journey!

Taxation for Crypto Companies in Switzerland

Tax obligations for crypto-focused businesses can vary by canton and municipality, as Switzerland’s tax system is split across federal, cantonal, and communal levels.

Corporate Income Tax

  • Ranges from about 12% to 21% depending on the canton.
  • Federal tax is a flat rate of 8.5% on profit after tax deductions, while cantonal rates differ widely.

Value Added Tax (VAT)

  • Standard rate is 7.7%.
  • Exchange and sale of payment tokens (like Bitcoin and Ether) are generally VAT-exempt, as they’re treated akin to fiat currencies for VAT purposes.

Capital Gains Tax

  • Typically levied at the cantonal level and can be as low as 0.001% or as high as 0.5%, depending on your location.
  • The issuance of new crypto tokens often isn’t considered a taxable transfer for capital gains purposes.

Withholding Tax

  • Charged at 35% on certain types of income (e.g., dividends).
  • Potentially reduced or eliminated by double-taxation treaties, depending on a shareholder’s residency.

Social Security Contributions

  • Vary based on employment structure but usually range from 0.5% to 5.3% for the employer portion.

Regulatory Authorities and Compliance for Crypto License in Switzerland

FINMA (Swiss Financial Market Supervisory Authority)

  • The primary regulator overseeing licensing, AML/CFT compliance, and market integrity.
  • All crypto-related entities must register with or obtain a license from FINMA if their business activities are regulated.

Swiss National Bank (SNB)

  • Manages monetary policy and may request information from DLT trading facilities and other financial market infrastructures to maintain market stability.

Self-Regulatory Organizations (SROs)

  • Certain smaller firms not requiring a full FINMA license may join an SRO for AML supervision.
  • SRO membership still demands rigorous compliance with Swiss AML laws.

Canton-Level Authorities

  • Oversee corporate registration, local taxes, and additional licensure specifics.
  • Each canton (e.g., Zug, Zurich, Bern) has its own nuanced procedures and rates.

Frequently Asked Questions

Any enterprise that accepts or holds client funds, exchanges fiat for crypto, operates a trading platform, or manages digital assets on behalf of investors typically needs a corresponding FINMA license or an SRO membership.

On average, the licensing process takes 4 to 6 months, provided all required documents are well-prepared. Complex business models may extend this timeline.

Yes. While at least one managing director must reside in Switzerland, foreign citizens with valid Swiss residency permits (like Permit B) can incorporate a local company and become shareholders.

The minimum capital for a Fintech License can be CHF 300,000. For a regular GmbH, the threshold starts at CHF 20,000, but additional capital may be required depending on the license scope.

No. Most cryptocurrencies are treated as assets under Swiss law. However, for VAT purposes, payment tokens (like Bitcoin) are treated similarly to fiat currency.

Yes. ICOs are regulated based on the economic function of tokens—payment, utility, or asset-backed. Compliance with AML and securities laws may apply depending on the token classification.

Even smaller startups often need at least a limited audit. A complete audit exemption is only possible if the firm has fewer than 10 employees and all shareholders agree to waive it.

Yes. Acquiring an existing entity with a crypto exchange license for sale can accelerate market entry. However, thorough due diligence is essential to ensure prior compliance and clean financial history.

Conclusion

Securing a Crypto License in Switzerland grants your business access to one of the world’s most respected and innovation-friendly financial environments. From the credibility that comes with Swiss regulatory approval to the abundant networking opportunities in the Crypto Valley, establishing your presence in Switzerland can unlock significant long-term value for your venture.

Whether you plan to operate an exchange, manage crypto funds, or develop novel blockchain-based solutions, Switzerland’s clear legal framework, advanced infrastructure, and internationally recognized financial reputation can give you a powerful competitive edge. By diligently preparing your application, maintaining robust AML processes, and leveraging the country’s flexible taxation options, you can position your cryptocurrency business for sustainable success in 2025 and beyond.