A new corporate law, Capital Increase and Capital Reduction in Switzerland is set to come into force on 1 January 2023.
But what does it mean for your Swiss business and how can you take advantage of the opportunities it offers?
The new legislation is designed to improve the functioning of companies, particularly with regard to capital increase and capital reduction. The main objective is to simplify the process of corporate restructuring and to help companies engage in efficient capital management.
Switzerland is the preferred destination by most businesses wishing to expand their operations. With its low tax rates, modern infrastructure, and stable economy, companies running in the country are among the most successful in the world. In fact, it’s ranked as the world’s best country for doing business by Bloomberg Rankings.
Last year, Switzerland introduced a new law, the "blockchain law". The implementation of this law will follow two stages: the first which already occured on the 1st of February, and the other to eventuate in August. Invoked on the 1st of February were reforms on company law. In the second phase in August, the State will put into effect upgrades of the financial market infrastructure. These will allow Switzerland to have a properly managed cryptocurrency industry where all actors are fully informed of the opportunities & risks associated.
Recently, Switzerland adopted a new DLT Regulations which sets the country as a leader in FinTech, Blockchain, DLT Technologies and other related programs. The new regulations will enter into force starting from this year.
The new year, 2020 has brought with it a raft of new laws and changes in Switzerland.
With these few lines, we request your precious time to remind you of the main legislative changes that await us from January 2020 moving forward.