Invesdors

Swiss Legal Framework

Swiss OR & FIDLEG:
The legal basis.

Invest from a single share — there is no CHF 100,000 retail floor on Invesdors. Swiss equity is governed by the Code of Obligations (OR) and, for tokenised shares, the FinSA. Here is what that means for founders and investors.

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OR Art. 622

Namenaktien

Registered shares in Swiss AG — named in shareholder register

OR Art. 772

Stammanteile

GmbH quotas — transferred by written assignment + register entry

OR Art. 764

Kommanditaktien

KmAG partnership shares — OR Art. 764–771, unlimited-liability partner required

FIDLEG 36

Exemption

CHF 8M prospectus exemption per 12-month period

Share types & rights

Three legal forms. One platform.

OR Art. 622–685

Swiss AG — Namenaktien

→Must be recorded in named shareholder register

→Freely transferable by default (restricted by articles possible)

→Minimum share capital CHF 100,000 · par value from CHF 0.01

→Multiple share classes permissible (A, B, C, ESOP etc.)

→Voting rights: one vote per share by default

→Eligible for future SIX admittance under Capital Markets Act

OR Art. 772–827

Swiss GmbH — Stammanteile

→Quota holders recorded in commercial register

→Transfer requires a written-form assignment and registry update

→Minimum quota par value CHF 1

→Minimum share capital CHF 20,000

→Voting based on quota share percentage

→Ideal for SMEs, family businesses, early stage

OR Art. 764–771

Swiss KmAG — Kommanditaktien

→Share capital divided into Kommanditaktien, recorded in the Aktienbuch

→At least one Komplementär with unlimited liability (OR 764)

→Mandatory supervisory body — Aufsichtsstelle (OR 768)

→Minimum share capital CHF 100,000

→Kommanditaktionäre: capital participation, no management role

→Suits family / holding structures needing a managing partner

FinSA Art. 36

Prospectus exemptions.

FinSA Art. 36(1) sets out alternative prospectus exemptions (lit. a–e). Meeting any one is enough. Invesdors campaigns use lit. e (≤ CHF 8M total consideration) together with lit. b (<500 investors). There is no CHF 100,000 per-investor floor on this product path.

Art. 36(1)(e)

Total offer value < CHF 8,000,000

The total consideration raised across all investors does not exceed CHF 8 million within any rolling 12-month period. This is the primary Invesdors path — there is no CHF 100,000 per-investor floor, so campaigns may allow purchases from one share at the campaign share price.

✅ Primary — Invesdors default path

Art. 36(1)(b)

Fewer than 500 investors

The offer is made to fewer than 500 investors in total across the 12-month period. Invesdors tracks investor count in real time alongside the CHF 8M path.

✅ Tracked — compliance dashboard

Supported product path — Art. 36(1)(e) and (b)

Art. 36(1)(a)–(e) are independent alternatives. Invesdors accepts only FINSA_ART_36_SMALL_OFFER with combined CHF 8M and 499-investor guardrails. Lit. c (CHF 100k per investor) is not used — investors may buy from one share when the issuer sets that minimum. Invesdors is a technology platform; issuers remain responsible for their own compliance and should consult Swiss-qualified counsel.

Shareholder rights

What your share entitles you to.

Voting rights

Shareholders are entitled to vote at AGMs and EGMs in proportion to their shareholding. Invesdors facilitates digital voting for all named shareholders.

Dividend entitlement

When a company resolves to distribute profits, shareholders receive their proportional dividend. Invesdors automates calculation and documentation.

Right to information

Shareholders have the right to accurate company information before AGMs and extraordinary resolutions under OR Art. 697 and OR Art. 699a.

Pre-emption rights

Certain share classes carry pre-emption rights on new share issuances. This must be specified in the company's articles of association.

Liquidation preference

On company dissolution, shareholders participate in the liquidation surplus — priority depending on share class.

Questions about Swiss share law?

Our compliance team can advise on the right structure for your capital raise.

Talk to Compliance ← Research Hub

Invesdors

Swiss Legal Framework

Swiss OR & FIDLEG:
The legal basis.

Start investing

OR Art. 622

Namenaktien

Registered shares in Swiss AG — named in shareholder register

OR Art. 772

Stammanteile

GmbH quotas — transferred by written assignment + register entry

OR Art. 764

Kommanditaktien

KmAG partnership shares — OR Art. 764–771, unlimited-liability partner required

FIDLEG 36

Exemption

CHF 8M prospectus exemption per 12-month period

Share types & rights

Three legal forms. One platform.

OR Art. 622–685

Swiss AG — Namenaktien

→Must be recorded in named shareholder register

→Freely transferable by default (restricted by articles possible)

→Minimum share capital CHF 100,000 · par value from CHF 0.01

→Multiple share classes permissible (A, B, C, ESOP etc.)

→Voting rights: one vote per share by default

→Eligible for future SIX admittance under Capital Markets Act

OR Art. 772–827

Swiss GmbH — Stammanteile

→Quota holders recorded in commercial register

→Transfer requires a written-form assignment and registry update

→Minimum quota par value CHF 1

→Minimum share capital CHF 20,000

→Voting based on quota share percentage

→Ideal for SMEs, family businesses, early stage

OR Art. 764–771

Swiss KmAG — Kommanditaktien

→Share capital divided into Kommanditaktien, recorded in the Aktienbuch

→At least one Komplementär with unlimited liability (OR 764)

→Mandatory supervisory body — Aufsichtsstelle (OR 768)

→Minimum share capital CHF 100,000

→Kommanditaktionäre: capital participation, no management role

→Suits family / holding structures needing a managing partner

FinSA Art. 36

Prospectus exemptions.

Art. 36(1)(e)

Total offer value < CHF 8,000,000

✅ Primary — Invesdors default path

Art. 36(1)(b)

Fewer than 500 investors

The offer is made to fewer than 500 investors in total across the 12-month period. Invesdors tracks investor count in real time alongside the CHF 8M path.

✅ Tracked — compliance dashboard

Supported product path — Art. 36(1)(e) and (b)

Shareholder rights

What your share entitles you to.

Voting rights

Shareholders are entitled to vote at AGMs and EGMs in proportion to their shareholding. Invesdors facilitates digital voting for all named shareholders.

Dividend entitlement

When a company resolves to distribute profits, shareholders receive their proportional dividend. Invesdors automates calculation and documentation.

Right to information

Shareholders have the right to accurate company information before AGMs and extraordinary resolutions under OR Art. 697 and OR Art. 699a.

Pre-emption rights

Certain share classes carry pre-emption rights on new share issuances. This must be specified in the company's articles of association.

Liquidation preference

On company dissolution, shareholders participate in the liquidation surplus — priority depending on share class.

Questions about Swiss share law?

Our compliance team can advise on the right structure for your capital raise.

Talk to Compliance ← Research Hub

Swiss OR & FIDLEG:The legal basis.

Three legal forms. One platform.

Swiss AG — Namenaktien

Swiss GmbH — Stammanteile

Swiss KmAG — Kommanditaktien

Prospectus exemptions.

What your share entitles you to.

Voting rights

Dividend entitlement

Right to information

Pre-emption rights

Liquidation preference

Questions about Swiss share law?

Swiss OR & FIDLEG:The legal basis.

Three legal forms. One platform.

Swiss AG — Namenaktien

Swiss GmbH — Stammanteile

Swiss KmAG — Kommanditaktien

Prospectus exemptions.

What your share entitles you to.

Voting rights

Dividend entitlement

Right to information

Pre-emption rights

Liquidation preference

Questions about Swiss share law?

Swiss OR & FIDLEG:
The legal basis.

Swiss OR & FIDLEG:
The legal basis.