Our valued sponsor

Jurisdictions with Bearer Shares

Panama introduced Law 47-2013 so bearer shares are pointless. They have to held by a custodian with all owners details kept otherwise the bearer shares should be replaced by registered shares.

Marshall Islands did have bearer shares. But from November 9, 2018 all bearer share holders details are required to be disclosed to the Registrar. Those bearer shares not disclosed must be canceled by latest May 8, 2019.

Basically all other remaining islands or atolls that still offer bearer are being forced to abolish it. So don't waste your time digging. Bearer share corporations are as dead as the dodo.
 
  • Like
Reactions: Cetme308win
Bearer shares are over for years! In the past it was a perfect tool to avoid your privacy to be revealed and of course to avoid taxes, it's less than 6 years since the banks started with asking to hold the bearer shares and finally refused to accept corporations with bearer shares.
 
  • Like
Reactions: Cetme308win
Hope we will be able to see in a future bearer shares again,specially with the Brexit!!
I don't believe this to happen, however should it come back anywhere and the banks will accept it I'm definitely game!
 
  • Like
Reactions: Cetme308win
Bearer shares are unlikely to have any sort of future given the ongoing move towards transparency in offshore jurisdictions. The fact is it has become almost impossible to open a bank account with bearer shares involved unless they are held by the physical agent and a register kept which basically defeats their purpose. Banks are way to gun shy over changes to the UBO's now. You would be better off investigating the use of a trust attached to an IBC somewhere for privacy purposes and even that is getting hard to shield the beneficiaries now.
 
  • Like
Reactions: lory
Nevis still offers shares to bearer. But you have to keep them with a licensed custodian.
They have really good laws protecting investors and entrepreneurs.
interesting, but what if someone go an request UBO info from this licensed custodian?

Bearer shares in Switzerland are now fading into the past, according to the latest news. The attorney in England made an official proposition on that matter.
Until this change you say it was possible to form a Swiss AG with bearer shares?
 
do you know if this is still the case? it's 2 years since it was posted so I would like to know please?


  • With respect to bearer shares, they have been restricted. Bearer shares are only permitted with the approval of the Registrar of Corporations or the Regulator. The Registered Agent must maintain custody of the bearer share certificate on behalf of the beneficial owner and must maintain a register of each bearer share. AML/CFT On-site Examinations are conducted by the FSRC – Nevis Branch to ensure that Registered Agents comply with these stipulations.
 
  • Like
Reactions: lory and JohnLocke
Curacao, Marshall Islands, Nevis, Uruguay, Panama...allows bearer shares but they are immobilized (needs to hold in custody) exept in Marshall Islands. But even in Marshall Islands the names of the bearer share owners need to report today. And yes, opening and using an bank account with bearer shares can be challenging. There is also all the time possibility that your jurisdiction abolish bearer shares one day.
 
I am almost certain the last jurisidiction to hold bearer shears just got rid of them, if we are talking true full anonymous bearer shares. Others are listing outdated or inaccurate information. They may be bearer shares in name but they are not truly anonymous.

There is no reason to use such a structure to maintain privacy in today's world, there are far more creative methods anyhow. Privacy has not been banned, just made alot more expensive.
 

Latest Threads