Opening a Brokerage Account with Swiss Broker (Switzerland). Service offer

• it is possible to open an account for an offshore company, including the one with full nominee services;
• it is possible to open an account without travelling to Switzerland;
• it is possible to accept bitcoin (and 35 other cryptocurrencies);
• the minimum investment is CHF 15 000 for individuals and CHF 500 000 for legal entities;
• conversion into fiat currencies is unrestricted;
• easy-to-use online account with an English interface; identification is done via Google Authenticator app installed on a mobile phone.

Online account: portfolio

Online account: selling/buying cryptocurrency

• simplified compliance onboarding;
• reasonable compliance checks for payments made;
• does not participate in the automatic exchange (CRS).

• the possibility of opening an account for an offshore company with nominee service does not eliminate having to undergo a compliance check (KYC/DD) of the beneficial owner and sources of funds;
• the list of non-standard cryptocurrencies for purchase needs to be agreed with a personal manager in advance;
• no automatic fiat-to-crypto conversions: it will take 1-2 days, depending on the payment processing time;
• fiat money (EUR, USD, CHF) can be held in the account not more than two months;
• cryptocurrency wallet is registered for the broker; the client gives instructions to the broker via online application.

• broker’s fee for fiat-to-crypto and crypto-to-fiat conversions;
• custody fee for crypto holdings;
• funds from a bank account are credited to the brokerage account within 24 hours;
• funds from a crypto-to-fiat conversion are credited to the brokerage account within 2-3 days;
• a brokerage account opening time starts at 4 weeks approximately.

Sophisticated cryptousers are aware how problematic fiat-to-crypto and crypto-to-fiat conversions are. The problem lies in the reluctance of the global banking system to make transfers to crypto exchanges.

In order to ensure a full-cycle crypto-to-fiat exchange experience, we help to open accounts in these financial institutions.

It is common knowledge that financial institutions refuse to onboard businesses that work with cryptocurrency. However, not all banks and EMIs have made this decision yet. For a full cycle of cryptocurrency transactions, we offer account opening at banks/EMIs that accept crypto transfers.

This, however, does not mean that the account opening process will be quick and easy. A business owner will have to:

• show the bank / EMI proof of the adequacy of the existing business;
• provide proof of the source of funds;
• possibly provide financial statements;
• possibly provide a business plan;
• show a website and trading platform;
• provide a Europe-based company, possibly with a licence.

GSL’s fee for supporting the opening of a brokerage account is USD 3 500 (can be paid in bitcoin as well).

(documents will differ depending on the country of incorporation of the legal entity):

• Certificate of Incorporation;
• Memorandum and Articles of Association;
• Certificate of Incumbency showing the current structure – for a company older than 1 year;
• Resolution of Director’s Appointment;
• Resolution of Issue of Shares;
• Share Certificates;
• Origin of the Funds.

(directors / shareholders / beneficial owners / attorneys):

• Proof of ID (passport);
• Proof of address (not older than 6 months);
• Origin of the Wealth of the shareholder/beneficial owner, if the proposed investment exceeds CHF 50 000 or an equivalent in another currency.

*The list is not exhaustive. The broker may request any further documents and information.