Swiss Bearer Shares Ban Due to Take Effect Next Month

Swiss Bearer Shares Ban Due to Take Effect Next Month

Restrictions on the ownership, transferal or exchange of bearer shares will come into power for companies and individuals in Switzerland next month on November 1st.

A bearer instrument is a document that entitles the holder of the document rights of ownership or title to the underlying property, such as shares or bonds.

The date marks the start of Federal Act on the Implementation of Recommendations of the Global Forum on Transparency and Exchange of Information for Tax Purposes comes into effect.


Cyprus:
+357 25 02 50 34
Singapore:
+65 315 91 676
Russia:
+7 812 458 46 22
Skype:
eltoma.0015