Swiss News

 
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.

Switzerland is one of the hardest hit countries by the novel COVID-19. Being a popular tourist destination, the state was hugely exposed to this contagion through visitors from all over the world. Whether the government did a plausible job to protect its economy or not, is not so hard to see if you look closely.

The web-based survey and application platform EHP is now accessible to supervised institutions and their audit firms, as well as supervisory organisations.  They can now leverage the platform to submit encrypted supervisory data and authorisation applications to FINMA online. The use of this website is free of charge.
 

From January 1, 2020. The Swiss Financial Institutions Act (FinIA) and the Swiss Financial Services Act (FinSA) entered into force, updating the regulatory regime for trustees working in Switzerland. This means that all independent portfolio managers (PMs) and trustees subject to supervision under FinIA will have to be supervised by a Supervised organisations (SO) authorised by FINMA and get licensed by FINMA before they can be able to carry out their activities as financial intermediaries in Switzerland.

The new year, 2020 has brought with it a raft of new laws and changes in Switzerland.