[yakari1400]

No, I didn't think of doing an individual reason, because my aim was to separate trading from my long-term investment. So I can't help you with that. Sorry, but good luck anyway!

[yakari1400]

Well, I've made some progress on the subject and have my answers: it's not (yet) profitable to set up an investment company in my case. For the record, here are the elements that led to my decision:

such a company is legally a domiciliary company, i.e. one whose sole purpose is to hold financial assets (it is not, however, a holding company, as it does not own majority stakes). And this is where things get complicated:

Money Laundering Act (MLA)
A domiciliary company is subject to the Money Laundering Act (MLA) as a financial intermediary (art. 6 al. 1 let. d and al.2). In addition to a number of easy - but tiresome - obligations, there is the requirement to join a self-regulatory organization (art. 14 and 15 MLA). Such membership costs at least CHF 2,000 per year...

Banks
Banks are very wary of domiciliary companies, because if such a company is used for money laundering, the bank itself can be condemned. As a result, most banks charge a very high account fee (CHF 10,000/year) to open an account. Good to know, Valiant is the only bank I've found that offers moderate fees (<2,000 frs./year).

SICAF/SICAV
I haven't fully studied this subject, because with the two points above it was already clear to me that I wouldn't be making my company. However, for the sake of completeness: FINMA recognizes two types of investment company, the Société d'Investissement à CApital Fixe and the Société d'Investissement à CApital Variable (variable-capital investment company). The minimum capital required to found such a company is 500,000 francs, much higher than what I'd like to invest in such a company today. It is quite possible that this limit also applies to any type of investment company, so that founding an investment company with a capital of 20,000 frs. would not be possible in any case. Under certain conditions, such companies can be exempted from FINMA authorization, which makes things much simpler.

Conclusion
I won't be continuing this project for the time being. I hope, however, that this feedback will help other people who have the same questions as me. A word to the wise: if an existing company has surplus cash to invest, it is not a priori subject to the same strict laws. This could be an interesting option for an entrepreneur, but I don't know enough about it to give any information.

[yakari1400]

Hello bratch,

I got advice from a trustee and asked my tax authorities. I need to set up a limited liability company. I'm in the process of setting it up, but not being a specialist and not having much time to spare, I'm not making much headway on the subject ^^.

[yakari1400]

I'm going to allow myself to intervene in the discussion since I'm quoted there (the glory! 😅). What allowed me to understand the options is this post on reddit: https://www.reddit.com/r/investing/comments/hdft5z/how_to_not_get_ruined_with_options_part_1_of_4/

It is obviously in English and quite long, so make yourself a tea and get yourself a good dictionary according to your level. But it is worth it: there are many examples of strategies and all the concepts are explained briefly so that you know where and how to look for information for those who want to delve deeper into an aspect.

Happy learning!

[yakari1400]

Thanks for the reply. I didn't see a link to contact Will31 myself, but if you did we'll wait for his reaction.

Advice on other forums would be to get advice from a trustee. I'll see if I can send them a document similar to the post above and get an opinion for not too much money.

[Author]

Posts