GM 42.2 : Acquisition of Swiss entity (1 year)

Author:

Cyphr

Proposal date:

21/11/2022

Summary:

Acquire a business address in Switzerland for the Commercial Register and for general correspondence.

Rationale:

It is a mandatory requirement in order to incorporate ourselves in Switzerland

Specifics:

We would rent an address via Sielva Management SA in Zug Swtizerland (Gubelstrasse 11, 6300 Zug) within their corporate offices. The price of this management fee is CHF 1,500 / year (roughly $1,500)

Pros:

Having a registered address will allow us not only to incorporate as an association, but also apply for a bank account & purchase services that require a physical address (subscription services)

Cons :

None to speak of.

Payout recipient:

Sielva Management SA (to be paid in Crypto, address to follow)

Payout amount:

CHF 1,500 for year 1

Sponsors:

Cyphr