Switzerland Ruled out Foundations Law Reform

Switzerland Ruled out Foundations Law Reform

The Swiss Federal Council has decided not to revise the laws ruling foundations and the supervision of foundations in Switzerland.

The Federal Council rejected initiative for the Confederation’s civil and tax laws on foundations to be aligned with the latest developments in Europe, to ensure that Switzerland is still attractive for national and foreign founders.

Although the Federal Council insisted that there is currently no need to revise the existing legislation, it nevertheless underlined the need to consider that initiative as a long-term purpose to strengthen Switzerland as a location for foundations in the future. First, it is necessary to monitor international developments and regularly check to ensure that Switzerland’s foundations law remains competitive.

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