Licensing

Portfolio Management License
Switzerland is widely known as one of the most reputable and business-friendly jurisdictions. A company can be authorized to conduct portfolio management by a local non-governmental organization ARIF (Associaton Romande Des Intermediairies Financiers) who acts on behalf of FINMA (Financial Markets Authority).
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Overview

ARIF – a non-profit organization of a public utility who was recognized in 2009 by FINMA (Financial Market Authority) for independent asset managers. This self-regulatory organism offers a Certificate of Membership which would allow successful applicant conduct portfolio management activities within and outside Switzerland.

To become a member of ARIF, a limited company with initial capital not less than CHF 20,000 is to be registered under the laws of Switzerland. A company must have at least one director of Swiss nationality, in this respect OFFSHORELICENSE does provide nominee services.

All members who will conduct portfolio management must have an adequate level of knowledge and experience proved by CVs and relevant diplomas, as well as they must have a right to work in Switzerland. No additional exams or test must be passed, but specific trainings are prescribed by law for all members of the company. Training take place after the affiliation to ARIF. All the persons involved into the activities subject to the Swiss Anti-Money Laundering Act must supply a personal file.

Government fees will depend on the number of members of the company:

1- CHF 2019.60

2 to 5 - CHF 2851.20

6 to 10 - CHF 3207.60

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Facts & Info for Switzerland Portfolio Management (ARIF Registration)

Notable features
Procedure
Documents Required

General information

Company structure and staff:

  • Min. 1 shareholder (can be legal entities or natural persons)
  • Min. 1 director (can be only natural persons, at least one must be of Swiss nationality)

Details of shareholder(s) and director(s) – part of public record;

Timeframe

2-3 months

2 to 4 working weeks - incorporation of a limited company

Up to 30 days – consideration of the application by ARIF

Capital

Minimum paid-up capital requirements:

CHF 20,000 (~EUR 18,000)

Taxation

Average 12% – (exact tax rate depends on corporate structure of a company, nature of business and exact location of business)

Accounting requirements

  • Submitting financial statements
  • Submitting annual report
  • Audit/partial (depending on the size of the business)

Registered Agent - Advisable

Registered office - Required

Local employees - Required (local director)

In order to obtain a license, the following steps will be carried out:

  • Gathering of relevant KYC documents for initial verification;
  • Incorporation of a Swiss limited company;
  • Preparation of relevant documents (business plans, manuals and procedures, etc. – if applicable);
  • Opening a bank account;
  • Application to ARIF (completion of relevant forms and payment of government fees).

In order to obtain license, we will fill all necessary application forms and also acquire apostilled corporate documents.
For that reason, please provide us with the following documents.

  • Notarized passport;
  • Notarized 2nd ID;
  • Certified Utility Bill;
  • Notarized Criminal Record (not older than 6 months);
  • Bank reference Letter;
  • 2 Character Reference Letters issued by professionals;
  • Certified Diplomas of Higher Education;
  • Detailed CV dated and signed by the applicant;
  • Detailed business plan;
  • Manuals (will be drafted by OFFSHORELICENCE): Anti Money Laundering policy, security policy and procedures and others, if requested by ARIF.

All documentation shall be provided in English language or translated to English by a professional and certified by Notary Public.