Česky

Anticorruption barometer


Update history

Transparent and effective public investment — #119 Proving of ownership structures of foreign companies with paper shares

Foreign companies with certificated bearer shares that want to receive public funds from the Czech taxpayer, whether directly or indirectly, should be obliged to deposit their stock certificates in custody order to credibly prove their ownership structure.

Justification and sources

Selected update

Updated: 08/2015 Parameter update history

Effectiveness:
0%
Progression:
30%
Political promise to solve the problem

The proposal amending the Act on public registers nor the proposal amending the Act against money laundering does nor deal with the question of evidencing of ownership of non-Czech firms in relation to the disclosure of ultimate beneficial owner(s). Yet, the commitment made by the Government both in the Action plan and the Conception of fight against corruption covers the issue of evidencing of ownership of non-Czech firms within the ownership structures up to the ultimate beneficial owner(s) of firms receiving public funds, however, it does not specify the way in which it would be implemented.

Compared to current state

Updated: 10/2016 Parameter update history

Effectiveness:
25%
Progression:
90%
The law is in force

The proposal of the Act on public procurement which entered into force concerns also foreign companies, however, it does not deal with the issue of proving of corporate ownership structures of selected contractors which are foreign companies, it requires from them only a declaration on direct shareholders with interest above 10 %.