Insights

With the Transparency Register, Switzerland is introducing a central register of the beneficial owners of legal entities. The register is not publicly accessible; access is reserved for the audit unit, certain authorities and financial intermediaries – for the performance of the tasks assigned to them by law.

The new Swiss corporate law will enter into force on January 1st, 2023. The key changes are greater flexibility for share capital and equity distributions, enhancement of shareholders’ rights in terms of better corporate governance and modernization of shareholders’ meetings. The following provides an overview of the main innovations from a practical point of view.