Pin and benchmark
Pin one jurisdiction. Line up to five rivals against it. Deltas show where each peer is better or worse.
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| Dimension |
Pinned 🇬🇮 Gibraltar partly open Verified 2026-08-15
|
🇨🇭 Switzerland
analogue
partly open
Verified 2026-08-15
|
|---|---|---|
| Licence type | Authorised electronic money institution or registered electronic money institution under the Financial Services (Electronic Money) Regulations 2020. This is a full e-money regime rather than an analogue. | No EMI. Closest is the FINMA FinTech licence (Banking Act Art. 1b), deposits up to CHF 100m, no interest, no lending. Larger operations need a banking licence. |
| Regulator | Gibraltar Financial Services Commission (GFSC). | FINMA. |
| Capital requirement | Gibraltar capital requirement is included in the £349 pass. | Switzerland capital requirement is included in the £349 pass. |
| Timeline to authorisation | Gibraltar timeline to authorisation is included in the £349 pass. | Switzerland timeline to authorisation is included in the £349 pass. |
| Local substance | Gibraltar local substance is included in the £349 pass. | Switzerland local substance is included in the £349 pass. |
| Application cost | Gibraltar application cost is included in the £349 pass. | Switzerland application cost is included in the £349 pass. |
| Ongoing cost | Gibraltar ongoing cost is included in the £349 pass. | Switzerland ongoing cost is included in the £349 pass. |
| Passporting | Gibraltar passporting is included in the £349 pass. | Switzerland passporting is included in the £349 pass. |
| EMIs authorised | Gibraltar emis authorised is included in the £349 pass. | Switzerland emis authorised is included in the £349 pass. |
| Key restrictions | Gibraltar key restrictions is included in the £349 pass. | Switzerland key restrictions is included in the £349 pass. |
| Safeguarding | Gibraltar safeguarding is included in the £349 pass. | Switzerland safeguarding is included in the £349 pass. |
| Recent changes | LN 2026/053 took effect on 26 March 2026 and requires e-money institutions to notify the GFSC at least 30 days before declaring a dividend and obtain a no-objection. The Financial Services (Payment Services) (Amendment) Regulations 2026 and Financial Services (Electronic Money) (Amendment) Regulations 2026 were both made on 16 July 2026; their substantive effect remains review-needed because only their official titles and dates were retrievable. | Federal Council launched public consultation on 22 October 2025 on FinIA amendments to replace the FinTech licence with two new categories: a payment instrument institution licence (permitting stablecoin issuance, removing the CHF 100m deposit cap) and a crypto-institution licence. Consultation closed 6 February 2026. Entry into force expected in 2027 at the earliest, so the current FinTech licence and its CHF 100m cap remain in effect for now. |
| Difficulty rating | Gibraltar difficulty rating is included in the £349 pass. | Switzerland difficulty rating is included in the £349 pass. |
Informational only, not legal advice. A delta compares the sortable figure only (capital, timeline, cost, difficulty, passporting, approvals); it is not a judgement on overall suitability. Verify with qualified counsel before acting.
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