Registered and Unregistered Stocks
Registered stocks. In general, Swiss joint stock companies are allowed to issue both registered and bearer (unregistered) shares. Companies must maintain a registered stockholder register containing the names, addresses, birth dates, and citizenship of shareholders for record purposes. Only those shareholders whose names are in the register are considered company shareholders.
Share transfers must be recorded by a transfer entry.
Unregistered Stocks. Anonymous unregistered shares allow equity interest in the company, i.e., any party holding stock is a company shareholder. According to new laws in effect as of 2016, boards of administrators must keep an internal register of shareholders and beneficial owners. Unregistered shares do not show the name or address of the holder. Unregistered shares can be transferred anonymously, without a contract, as long as the board of administrators is advised of such transfer.