On 19 May 2019, the Swiss electorate voted in favour of implementing the Swiss patent box. Tax advantages on income generated from intellectual property rights will become a valuable tool for companies in Switzerland to promote research and development activities and to generate added value in these areas.
In this blog, which is part of a series of briefings on the new Financial Services Act (FinSA, FIDLEG (German) and LSFin (French)) and the Financial Institutions Act (FinIA, FINIG (German) and LEFin (French)) that will come into force in 2020, we will look at certain changes which the new regulatory regime will bring to the cross-border offering of collective investment schemes into Switzerland.
The media has given increased coverage to cybersecurity issues over the last couple of months, addressing in particular the US race against China to build the fifth generation of wireless technology (5G technology) and its security aspects. Although there is a widespread worry of increased cyber intrusions once 5G technology is widely available, there is also a huge possibility for new internet-based services. This is because 5G is designed to provide users with a much faster wireless connection allowing for new innovations in different areas (e.g. Internet of Things) to become a more integrated part of our daily lives.