SWITZERLAND: END OF BEARER SHARES?

An article on 8th November from Akin Gump reported that in January the Federal Council launched a consultation on the recommendations of the OECD Global Forum on Tax.  The Bill suggests abolishing bearer shares and introducing criminal fines in case of breaches of the new obligations.  In addition, all Swiss companies would be obliged to have a Swiss bank account.  The new rules, if accepted, are scheduled to enter into force in 2019.

https://www.akingump.com/en/news-insights/swiss-corporate-law-changes-end-of-bearer-shares.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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