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How to Start a Cryptocurrency Company in Switzerland: A Comprehensive Guide
By Markus Pritzker, off-counsel
12.03.2025
Table of Contents
1. Cryptocurrency Company
2. In Switzerland, you can pay taxes with cryptocurrency
3. The popularity of cryptocurrency is caused by
4. Advantages of jurisdiction for conducting business
5. Cryptolicense in Switzerland - General characteristics
6. How to obtain a crypto license in Switzerland
7. Required package of documents
8. Faq
2. In Switzerland, you can pay taxes with cryptocurrency
3. The popularity of cryptocurrency is caused by
4. Advantages of jurisdiction for conducting business
5. Cryptolicense in Switzerland - General characteristics
6. How to obtain a crypto license in Switzerland
7. Required package of documents
8. Faq
Cryptocurrency Company
Switzerland is known as one of the most cryptocurrency-friendly countries. Here, cryptocurrencies and exchanges are legal, and the country has taken a progressive stance towards regulating cryptocurrencies. Although Switzerland is not the cheapest jurisdiction to set up a new business, it has many significant advantages that make it more attractive than other countries for cross-border entrepreneurs.
While other countries argue about whether to ban Bitcoin and what threat blockchain technologies pose to the banking system, Switzerland is creating the most developed ecosystem for crypto start-ups and ICOs. Welcome to Crypto Valley, home of the Ethereum Foundation, headquarters of Monetas, Lykke, and dozens of other blockchain projects.
While other countries argue about whether to ban Bitcoin and what threat blockchain technologies pose to the banking system, Switzerland is creating the most developed ecosystem for crypto start-ups and ICOs. Welcome to Crypto Valley, home of the Ethereum Foundation, headquarters of Monetas, Lykke, and dozens of other blockchain projects.
In Switzerland, you can pay taxes with cryptocurrency
The Swiss canton of Zug allowed it to pay taxes with bitcoins. They can be purchased at Bitcoin ATMs at train stations or department stores nationwide.
Back in November 2016, the Swiss railway service SBB began selling bitcoins at ticket machines at train stations. You only need a phone number and an e-wallet supporting cryptocurrencies to buy virtual money. Five years ago, the authorities of the canton of Zug allowed paying for utilities with bitcoins at the current exchange rate of the franc. Now, you can pay taxes with crypto. A logical step, considering that Zug has long acquired a reputation as a “crypto valley”: many blockchain start-ups and crypto companies operate or register their activities there.
In just the last few years, about 900 such companies have appeared in Switzerland, including crypto banks, funds, asset managers, real estate agencies, and several other projects. At the same time, crypto income in Switzerland is subject to income tax, and bitcoins are subject to property tax.
Online stores have taken advantage of the fashion for bitcoins. For example, you can use crypto to pay for purchases at the famous department store Lehner Versand. Last month, several retail chains in Switzerland began selling Bitcoin gift cards in denominations of 100 and 500 Swiss francs, as well as the ability to put an arbitrary amount on them – from 50 to 500 francs.
Back in November 2016, the Swiss railway service SBB began selling bitcoins at ticket machines at train stations. You only need a phone number and an e-wallet supporting cryptocurrencies to buy virtual money. Five years ago, the authorities of the canton of Zug allowed paying for utilities with bitcoins at the current exchange rate of the franc. Now, you can pay taxes with crypto. A logical step, considering that Zug has long acquired a reputation as a “crypto valley”: many blockchain start-ups and crypto companies operate or register their activities there.
In just the last few years, about 900 such companies have appeared in Switzerland, including crypto banks, funds, asset managers, real estate agencies, and several other projects. At the same time, crypto income in Switzerland is subject to income tax, and bitcoins are subject to property tax.
Online stores have taken advantage of the fashion for bitcoins. For example, you can use crypto to pay for purchases at the famous department store Lehner Versand. Last month, several retail chains in Switzerland began selling Bitcoin gift cards in denominations of 100 and 500 Swiss francs, as well as the ability to put an arbitrary amount on them – from 50 to 500 francs.
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The popularity of cryptocurrency is caused by:
At the same time, not all countries in the world allow crypto, and its value depends on demand, which entails certain risks. Therefore, beginners are recommended to enter business only with their money, that is, no credits or loans, and it is better to do this in Switzerland. Here, you can get a swiss crypto license and start a cryptocurrency company.
Advantages of jurisdiction for conducting business
In Swiss jurisdiction, legislation in the field of blockchain and crypto business is constantly being reformed. Since 2014, virtual currencies have acquired legal status and are recognized by electronic value determination. It becomes possible to sell and buy via the Internet. As a result, the framework for licensing virtual assets is being developed.
The advantages of obtaining a swiss crypto license for crypto exchange can be highlighted:
Working with an experienced intermediary is essential to obtaining a Swiss crypto license. Complete preparatory work is provided. A ready-made cryptocurrency company in Switzerland can be purchased, which will avoid most problems at the initial stage.
The applicant of the company is required to be registered in the Commercial Register as a commercial enterprise. Compliance with the requirements of the Cryptocurrency Law, which ensures the correct industry structure and authorized capital, is also necessary.
The advantages of obtaining a swiss crypto license for crypto exchange can be highlighted:
- stability of the economic and political situation;
- developed business environment;
- the state is actively supporting the crypto-asset sector;
- innovative blockchain platforms operate;
- creates a good environment for the work of most financial organizations;
- There are low taxes in some cantons, including the center of the cryptocurrency industry, Zug;
- the opportunity to get rid of paying tax on dividends;
- qualified personnel to work in the field of crypto.
Working with an experienced intermediary is essential to obtaining a Swiss crypto license. Complete preparatory work is provided. A ready-made cryptocurrency company in Switzerland can be purchased, which will avoid most problems at the initial stage.
The applicant of the company is required to be registered in the Commercial Register as a commercial enterprise. Compliance with the requirements of the Cryptocurrency Law, which ensures the correct industry structure and authorized capital, is also necessary.
Cryptolicense in Switzerland – General characteristics
Switzerland offers several types of cryptocurrency licenses used in conjunction with the Swiss AG or GMBH organizational forms. Depending on the nature of their activities, companies may be licensed by the Swiss Federal Financial Market Supervisory Authority (FINMA).
Switzerland aims to create an environment that allows each company to explore and implement innovative ways of doing business in the cryptocurrency and blockchain segment, making the country a “blockchain and fintech nation.” Switzerland’s FINMA allows companies that accept money from the public to avoid “complying with costly and time-consuming requirements.”
Switzerland aims to create an environment that allows each company to explore and implement innovative ways of doing business in the cryptocurrency and blockchain segment, making the country a “blockchain and fintech nation.” Switzerland’s FINMA allows companies that accept money from the public to avoid “complying with costly and time-consuming requirements.”
There are currently four types of licenses available for cryptocurrency transactions in a cryptocurrency company in Switzerland:
Features of taxation
There are two main tax options: federal and Cantonese. A stable rate is established at the federal level, 8.5%. Each edge determines the additional rate, ranging from 11% to 24%.
Note! Special conditions apply in Zug. Here, the rate for local cryptocurrency companies is 12.1%.
There is also a requirement to provide information about stakeholders. These include those who exercise control and own at least 5% of the shares of a legal entity. In this case, the share is indicated in an exact ratio.
- License for fintech projects
- Currency exchange license
- License for investment activities
- Banking license
Features of taxation
There are two main tax options: federal and Cantonese. A stable rate is established at the federal level, 8.5%. Each edge determines the additional rate, ranging from 11% to 24%.
Note! Special conditions apply in Zug. Here, the rate for local cryptocurrency companies is 12.1%.
There is also a requirement to provide information about stakeholders. These include those who exercise control and own at least 5% of the shares of a legal entity. In this case, the share is indicated in an exact ratio.
How to obtain a crypto license in Switzerland
The country’s financial regulator, FINMA, carries out-licensing of cryptocurrency businesses. Documents are checked, the request is completed correctly, and transactions are monitored.
By Art. 14, AMLA (Anti-Money Laundering Act) outlines the conditions for obtaining a license:
By Art. 14, AMLA (Anti-Money Laundering Act) outlines the conditions for obtaining a license:
- preparation of official permission to conduct activities;
- cryptocurrency company in Switzerland registration in the form of GMBH or Swiss AG;
- registration of a registered address in Switzerland;
- full compliance with AMLA regulations and standards;
- checking the reputation of managers and board members; otherwise, business registration may be refused;
- it is necessary to appoint one person each to the position of director and shareholder;
- depositing the authorized capital into a bank account in the amount of at least 100,000 Swiss francs;
- involvement of a local director and auditor;
- careful preparation of AML/KYC regulations.
The main requirement for cryptocurrency businesses is the preparation of a package of documents, which should include a business plan with a detailed description and signed agreements between shareholders and officials. Financial statements and forecasts for the next 3 years are also provided.
The regulator considers the application only after receiving a complete set of company documents. Therefore, it is essential to provide up-to-date contact information, as additional information or clarification may be required.
Required package of documents
A crypto license in Switzerland requires compliance with the following requirements:
- a package of documents is prepared according to the requirements of the local regulator and the acquiring bank where the account is opened;
- registration in the standard manner for registration of a legal entity;
- directors and owners must have an impeccable reputation without a criminal record;
- choosing a physical office;
- creating a detailed description of hardware and software;
- preparation of AML/KYC policy, risk control, and monitoring rules;
- submission of documentation to the regulatory authority;
- payment of state duty.
Questions and Answers about Cryptocurrency in Switzerland:
Switzerland offers several benefits for starting a cryptocurrency company. The country has a stable economic and political environment, a well-developed business infrastructure, and a progressive stance on cryptocurrency regulation. Switzerland is home to Crypto Valley in Zug, which hosts numerous blockchain projects and provides a supportive ecosystem for crypto start-ups. Additionally, the Swiss Federal Financial Market Supervisory Authority (FINMA) offers clear regulatory guidelines, making it easier for businesses to navigate the legal landscape. The low tax rates in some cantons, such as Zug, further enhance the attractiveness of Switzerland for cryptocurrency ventures.
In Switzerland, paying taxes with cryptocurrency is possible in certain regions, such as the canton of Zug. Residents can pay their taxes using Bitcoin, facilitated by the progressive stance of local authorities towards cryptocurrency. To make tax payments in Bitcoin, residents can purchase the cryptocurrency from Bitcoin ATMs or online platforms and transfer the equivalent amount of Swiss francs to the tax authorities’ wallet. This option reflects Switzerland’s embrace of digital currencies and enhances its reputation as a leading hub for blockchain and cryptocurrency innovation.
Cryptocurrency is popular in Switzerland due to several factors. The country’s progressive regulatory framework supports blockchain technology and digital currencies, fostering an environment conducive to innovation. Switzerland’s political and economic stability, combined with a strong tradition of financial privacy, attracts crypto enthusiasts and entrepreneurs. The presence of Crypto Valley in Zug, a hub for blockchain and cryptocurrency projects, further boosts the popularity and acceptance of digital currencies in the region. Additionally, Switzerland’s advanced infrastructure and high-quality financial services make it an ideal location for cryptocurrency businesses.
Obtaining a Swiss crypto license offers numerous advantages. It provides legal recognition and legitimacy for cryptocurrency businesses, enhancing credibility and trust among clients and partners. The license allows businesses to operate within a stable and supportive regulatory environment, with clear guidelines from FINMA. Switzerland’s robust financial infrastructure and skilled workforce support the growth and development of crypto ventures. Additionally, favorable tax conditions in cantons like Zug and the country’s reputation as a financial hub make it an attractive destination for crypto businesses seeking to establish a strong presence in the market.
Switzerland offers several types of crypto licenses, depending on the nature of the business activities. These include:
- Fintech License: For companies providing innovative financial technologies.
- Currency Exchange License: For businesses involved in exchanging cryptocurrencies.
- Investment Activities License: For firms offering investment services in the crypto sector.
- Banking License: For institutions providing banking services related to cryptocurrencies. Each license is designed to cater to specific aspects of the cryptocurrency industry, ensuring that businesses operate within a regulated and compliant framework.
To obtain a crypto license in Switzerland, follow these steps:
- Register the Company: Establish your business as a GMBH or Swiss AG and register it in the Swiss commercial register.
- Prepare Documentation: Gather required documents, including a business plan, financial statements, AML/KYC policies, and details of directors and shareholders.
- Submit Application: Submit the complete application to FINMA, ensuring compliance with AMLA regulations.
- Deposit Capital: Deposit the authorized capital of at least 100,000 Swiss francs into a Swiss bank account.
- Appoint Personnel: Appoint a local director and auditor to oversee operations.
- Review Process: FINMA will review the application and may request additional information or clarification before granting the license.
The required documents for a Swiss crypto license include:
- Business Plan: A detailed description of the business model and operations.
- Financial Statements: Forecasts and financial statements for the next three years.
- AML/KYC Policies: Comprehensive anti-money laundering and know-your-customer policies.
- Company Registration: Proof of registration as a GMBH or Swiss AG.
- Director and Shareholder Information: Details of directors and shareholders, ensuring they have an impeccable reputation.
- Office Address: A registered address in Switzerland.
- Agreements: Signed agreements between shareholders and officials.
- State Duty: Payment of the state duty for the license application.
FINMA (Swiss Federal Financial Market Supervisory Authority) plays a crucial role in regulating cryptocurrency businesses in Switzerland. It oversees the licensing process, ensuring that companies comply with Swiss laws and regulations, particularly the Anti-Money Laundering Act (AMLA). FINMA sets guidelines for the operation of crypto businesses, including requirements for registration, AML/KYC policies, financial reporting, and governance. By providing a clear regulatory framework, FINMA helps maintain the integrity and stability of the financial market, fostering a safe and transparent environment for cryptocurrency activities.
Starting a cryptocurrency company in Switzerland presents several challenges. The regulatory environment, while supportive, requires strict compliance with AML/KYC policies and financial reporting standards. The initial capital requirement of 100,000 Swiss francs can be a barrier for some entrepreneurs. Navigating the application process with FINMA can be complex, necessitating detailed documentation and adherence to legal guidelines. Additionally, the high cost of living and operating in Switzerland, coupled with competition from established crypto firms, can pose challenges for new entrants seeking to establish a foothold in the market.
Taxation of cryptocurrency companies in Switzerland involves federal and cantonal taxes. At the federal level, a stable tax rate of 7% is applied. Each canton sets its own additional tax rate, which can range from 11% to 24%. In Zug, the rate for local cryptocurrency companies is notably lower at 14%. Companies must provide information about stakeholders who own at least 5% of the shares. Cryptocurrency income is subject to income tax, and bitcoins are subject to property tax. Businesses must comply with Swiss tax regulations, ensuring accurate financial reporting and payment of applicable taxes to maintain legal compliance and avoid penalties.