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posted 4 years ago
In November 2019 the new transparency rules for Swiss bearer shares came into force as the Swiss Federal Assembly adopted the Federal Act, implementing the recommendations of the Global Forum on Transparency and Exchange of Information for Tax Purposes.
What does this mean?
This means: any non-listed public limited companies (AG) in Switzerland must convert existing bearer shares into registered shares by no later than April 30, 2021. In order to complete the conversion in time, the company must act now. The change needs to be registered at the commercial registry and it will require adjusting the company’s statutes and corporate documents by means of a notary meeting.
If shareholders and signatories of the company are unable or not comfortable travelling to Switzerland to represent the shares, the change can be carried out by Power of Attorney.
If you would like F Trust’s assistance in handling this obligatory change of shares from bearer to registered or have any questions in general about Swiss company administration, please do not hesitate to get in touch at [email protected].
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