Foreign entities
Foreign-law entities with a sufficient connection to Switzerland can fall within LETA, either reporting to the Transparency Register or keeping a register of their holders.
The Swiss-nexus test
Effective administration in Switzerland (within the meaning of the direct-tax rules), or ownership of Swiss real estate, are the principal triggers for a foreign entity's obligations.
What must be reported
The reporting entity identifies itself and its beneficial owners, applying the same determination rules as Swiss entities (Art. 22 TJPG and TJPV mutatis mutandis), plus which foreign-entity characteristic applies and a Swiss service address.
Register of holders
Certain foreign entities administered from Switzerland must keep a register of their holders, scoped by the Global Forum transparency criteria.
Deadline
Foreign entities in scope have six months from entry into force to file (Art. 53 TJPG) — i.e. from 1 October 2026.