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: 04/2016 Parameter update history

Effectiveness:
25%
Progression:
80%
The law is adopted but not yet in force

The proposal of the Act on public procurement which is in the Senate 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 %.

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 %.