{"id":13213,"date":"2025-09-17T10:00:25","date_gmt":"2025-09-17T07:00:25","guid":{"rendered":"https:\/\/ovza.com\/?p=13213"},"modified":"2026-01-11T15:05:56","modified_gmt":"2026-01-11T13:05:56","slug":"jurisdictions-that-still-allow-bearer-shares-in-2026","status":"publish","type":"post","link":"https:\/\/ovza.com\/fr\/jurisdictions-that-still-allow-bearer-shares-in-2026\/","title":{"rendered":"Jurisdictions That Still Allow Bearer Shares in 2026"},"content":{"rendered":"<section class=\"l-section wpb_row us_custom_f05bea1e height_small\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"w-html\"><!DOCTYPE html>\n<html lang=\"en\">\n<head>\n    <meta charset=\"UTF-8\">\n    <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\">\n     <style>\n        .audio-container {\n            background-color: #f0f2f5;\n            border: 1px solid #e0e0e0;\n            border-radius: 10px;\n            box-shadow: 0 4px 8px #fff;\n            padding: 20px;\n            width: 100%;\n            max-width: 100%;\n            box-sizing: border-box;\n        }\n\n        audio {\n            width: 100%;\n            outline: none;\n        }\n\n        .audio-header {\n            display: flex;\n            align-items: center;\n            margin-top: 0px !important;\n            padding-left: 2rem;\n        }\n\n        .audio-icon {\n            background-color: #1db38d;\n            border-radius: 50%;\n            width: 45px;\n            height: 45px;\n            display: flex;\n            align-items: center;\n            justify-content: center;\n            margin-right: 10px;\n        }\n\n        .audio-icon svg {\n            width: 24px;\n            height: 24px;\n            fill: #fff !important; \/* White icon color *\/\n        }\n\n        .audio-title {\n            font-weight: normal;\n            color: #000;\n            font-size: 18px;\n        }\n\n        \/* Media query for mobile devices *\/\n         @media (max-width: 600px) {\n     .audio-header {\n                flex-direction: row;\n                justify-content: center; \/* Ensures center alignment *\/\n                text-align: center;\n                width: 100%;\n            }\n\n            .audio-icon {\n                margin-right: 10px;\n                margin-left: -2rem;\n            }\n\n            .audio-title {\n                margin-top: 0;\n            }\n        }\n    <\/style>\n<\/head>\n\n    <div class=\"audio-container\">\n        <audio controls>\n            <source src=\"https:\/\/ovza.com\/wp-content\/uploads\/2025\/09\/Jurisdictions-That-Still-Allow-Bearer-Shares-in-2025.mp3\" type=\"audio\/mpeg\">\n            \n        <\/audio>\n        <div class=\"audio-header\">\n            <div class=\"audio-icon\">\n                <svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"headphones\"\n                     xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 512 512\">\n                    <path\n                          d=\"M256 32C114.52 32 0 146.496 0 288v48a32 32 0 0 0 17.689 28.622l14.383 7.191C34.083 431.903 83.421 480 144 480h24c13.255 0 24-10.745 24-24V280c0-13.255-10.745-24-24-24h-24c-31.342 0-59.671 12.879-80 33.627V288c0-105.869 86.131-192 192-192s192 86.131 192 192v1.627C427.671 268.879 399.342 256 368 256h-24c-13.255 0-24 10.745-24 24v176c0 13.255 10.745 24 24 24h24c60.579 0 109.917-48.098 111.928-108.187l14.382-7.191A32 32 0 0 0 512 336v-48c0-141.479-114.496-256-256-256z\">\n                    <\/path>\n                <\/svg>\n            <\/div>\n           \n        <\/div>\n    <\/div>\n\n<\/html><\/div><div class=\"w-separator size_small\"><\/div><div class=\"wpb_text_column us_custom_1f257949 postdata\"><div class=\"wpb_wrapper\"><p>Bearer shares have long been one of the most controversial corporate tools in the offshore world. They allow ownership of a company to be transferred simply by handing over a physical certificate, without any formal registry update.<\/p>\n<p>This feature made them attractive for those seeking maximum privacy, but also a target for regulators who view bearer shares as a loophole for tax evasion and money laundering. Over the past two decades, most major jurisdictions have restricted, immobilized, or entirely abolished them.<\/p>\n<p>Yet despite this global crackdown, some jurisdictions that still allow bearer shares in 2026 do exist, though the rules around them vary. For investors and entrepreneurs looking to maintain a high level of confidentiality, understanding which countries still issue bearer shares today is critical.<\/p>\n<h2 id='jurisdictions-that-still-allow-bearer-shares-in-2026'><b>Jurisdictions That Still Allow Bearer Shares in 2026<\/b><\/h2>\n<p>In 2026, the <a href=\"https:\/\/ovza.com\/fr\/enregistrer-une-societe-aux-iles-marshall\/\">\u00celes Marshall<\/a> stand almost alone in preserving the bearer share concept in any meaningful form. Under the <a href=\"https:\/\/ovza.com\/fr\/publication-de-bibliotheque\/loi-sur-les-societes-commerciales-offshore-des-iles-marshall\/\">Business Corporations Act<\/a>, companies can issue bearer shares, but since reforms over a decade ago, they must be lodged with an approved custodian. In practice, this means the certificates no longer float freely in the hands of the owner; they are deposited with a licensed intermediary who records the beneficial holder. To the outside world, however, the ownership remains opaque, and for many clients this layer of insulation is precisely the attraction.<\/p>\n<p>Panama is often mentioned in the same breath, and rightly so. It, too, continues to recognize bearer shares, but the system is far from the untraceable anonymity of the past. Today, a Panamanian bearer share must be immobilized with a custodian, usually a bank or trust company, and the beneficial ownership details are retained under strict compliance requirements. While this still provides a measure of flexibility, it is far less absolute than the days when shares could change hands in silence.<\/p>\n<p>Beyond these two jurisdictions, the once-wide map of bearer share havens has gone quiet. <a href=\"https:\/\/ovza.com\/fr\/register-a-company-in-anguilla\/\">Anguilla<\/a>, <a href=\"https:\/\/ovza.com\/fr\/register-a-company-in-belize\/\">Belize<\/a>, <a href=\"https:\/\/ovza.com\/fr\/enregistrer-une-societe-aux-iles-vierges-britanniques\/\">\u00celes Vierges britanniques<\/a>, <a href=\"https:\/\/ovza.com\/fr\/enregistrer-une-societe-aux-iles-caimans\/\">Cayman<\/a>, et <a href=\"https:\/\/ovza.com\/fr\/enregistrer-une-societe-aux-seychelles\/\">Seychelles<\/a> have each removed the option entirely, aligning with OECD and FATF dictates. <a href=\"https:\/\/ovza.com\/fr\/enregistrer-une-societe-a-saint-kitts-et-nevis\/\">Nevis<\/a>, <a href=\"https:\/\/ovza.com\/fr\/register-a-company-in-vanuatu\/\">Vanuatu<\/a>, et <a href=\"https:\/\/ovza.com\/fr\/enregistrer-une-societe-aux-samoa\/\">Samoa<\/a> followed the same path. By contrast, the Marshall Islands continue to defend the legitimacy of bearer shares as part of their corporate framework, albeit modernized through custodial oversight.<\/p>\n<p>For a client concerned with discretion, the distinction is crucial. Which countries still issue bearer shares in 2026 is a short list indeed, but it is not yet extinct. And the fact that bearer shares survive at all in this regulatory climate underlines their continued relevance for those who wish to balance lawful compliance with robust privacy.<\/p>\n<h2 id='banking-and-bearer-shares'><b>Banking and Bearer Shares<\/b><\/h2>\n<p>The central difficulty with bearer shares in 2026 is not their legality, it is banking. The global financial system is built on knowing the <a href=\"https:\/\/www.swift.com\/risk-and-compliance\/know-your-customer-kyc\/ultimate-beneficial-owner-ubo\" target=\"_blank\" rel=\"noopener\">ultimate beneficial owner (UBO)<\/a> of every account, and bearer shares run directly against that grain.<\/p>\n<p>Any reputable bank today insists on identifying the individuals behind the company before <a href=\"https:\/\/ovza.com\/fr\/ouvrir-un-compte-bancaire-offshore\/\">opening an offshore account<\/a>. That means a company with untraceable ownership through bearer shares will be rejected outright.<\/p>\n<p>There are exceptions, but they prove the rule. If a bank still welcomes bearer share companies without asking who the owners are, that institution is likely one that has little regard for compliance. And where compliance is disregarded, the clientele may include sanctioned individuals, criminal actors, or organizations that no serious business should be associated with. Opening an account in such a place is not privacy, it is a risk.<\/p>\n<p>For this reason, bearer share companies are <a href=\"https:\/\/ovza.com\/fr\/holding-vs-operating-offshore-company\/\">rarely used as operating entities<\/a>. Instead, what we see in the offshore world is a different type of structuring. The bearer share company, often in the Marshall Islands, serves as the holding company.<\/p>\n<p>Beneath it sits an operating company, perhaps in the <a href=\"https:\/\/ovza.com\/fr\/enregistrer-une-societe-aux-bahamas\/\">Bahamas<\/a>, perhaps in <a href=\"https:\/\/ovza.com\/fr\/enregistrer-une-societe-aux-seychelles\/\">Seychelles<\/a>, that opens bank accounts, receives customer payments, and handles day-to-day transactions. The operating entity may even have employees or directors listed, but its shareholder is the bearer share company.<\/p>\n<p>This layered approach delivers what many consider the ultimate form of privacy: a visible operating company that interacts with the world, yet is owned by a bearer share holding company whose ownership cannot be traced in any public or banking register. The system is not for everyone, but for those who place discretion above convenience, it remains one of the most effective structures available.<\/p>\n<h2 id='the-legitimate-uses-of-extreme-privacy'><b>The Legitimate Uses of Extreme Privacy<\/b><\/h2>\n<p>It should be said plainly: if a person is intent on committing crimes or engaging in sanctioned activities, bearer shares will not shield them. In today\u2019s world of cross-border cooperation, data exchange, and forensic banking, such individuals will be found regardless of what corporate form they use. Bearer shares are not a cloak for illegality; they are, at best, a structural tool for privacy within the law.<\/p>\n<p>So why does anyone still want them? The most credible reason is competition. In industries where rivals fight with every means at their disposal, the public disclosure of directors or shareholders can expose a company to commercial attacks, hostile takeovers, or targeted litigation. For those who face aggressive competitors, the ability to separate the visible operating company from an invisible bearer share holding company is not a luxury, it is protection.<\/p>\n<p>This is the nuance often missed by regulators and commentators. Bearer shares in 2026 do not represent the old world of untouchable secrecy; they survive instead as a mechanism for entrepreneurs and investors who legitimately fear that transparency could place them at a competitive disadvantage. Used correctly, they are a defensive tool, not an offensive weapon.<\/p>\n<h2 id='conclusion'><b>Conclusion<\/b><\/h2>\n<p>In 2026, bearer shares survive only in a few corners of the offshore world, with the <a href=\"https:\/\/ovza.com\/fr\/marshall-islands-bearer-shares-regulations\/\">Marshall Islands bearer shares<\/a> leading the list under custodian regimes. They are no longer a universal tool for secrecy, nor a way to evade compliance.<\/p>\n<p>Their modern role is narrower: offering enhanced privacy for those whose competitive environment makes disclosure dangerous.<\/p>\n<p>For most clients, the risks in banking and compliance outweigh the benefits. But for the rare cases where discretion is essential, bearer shares remain a lawful, if highly specialized, instrument.<\/p>\n<\/div><\/div><div class=\"w-separator size_small\"><\/div><div class=\"g-cols wpb_row us_custom_23d78c9b hide_on_default hide_on_laptops via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_middle type_default stacking_default\" style=\"--gap:3rem;\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><h3 class=\"w-text us_custom_c57c2555 has_text_color hide_on_default hide_on_laptops\"><span class=\"w-text-h\"><span class=\"w-text-value\">Foire aux questions<\/span><\/span><\/h3><div class=\"w-tabs us_custom_6a9b8108 style_default switch_click accordion has_scrolling\" style=\"--sections-title-size:inherit\"><div class=\"w-tabs-sections titles-align_none icon_plus cpos_right\"><div class=\"w-tabs-section\" id=\"ydd7\"><button class=\"w-tabs-section-header\" aria-controls=\"content-ydd7\" aria-expanded=\"false\"><div class=\"w-tabs-section-title\">What are bearer shares?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-ydd7\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_07051a4e\"><div class=\"wpb_wrapper\"><p>Bearer shares are physical share certificates that transfer ownership simply by delivery, without any registry update. They became controversial because regulators view them as tools for secrecy that can be abused for tax evasion and money laundering.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"df41\"><button class=\"w-tabs-section-header\" aria-controls=\"content-df41\" aria-expanded=\"false\"><div class=\"w-tabs-section-title\">Where are bearer shares legal in 2025?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-df41\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_07051a4e\"><div class=\"wpb_wrapper\"><p>As of 2025, bearer shares remain possible mainly in the <b>\u00celes Marshall<\/b><span style=\"font-weight: 400;\"> et <\/span><b>Panama<\/b>, though both require immobilization with a licensed custodian. Most other offshore jurisdictions, including Belize, BVI, Cayman, Seychelles, and Anguilla, have abolished them.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"d085\"><button class=\"w-tabs-section-header\" aria-controls=\"content-d085\" aria-expanded=\"false\"><div class=\"w-tabs-section-title\">Can bearer share companies open bank accounts?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-d085\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_07051a4e\"><div class=\"wpb_wrapper\"><p>It is extremely difficult to open a bank account with a bearer share company. Reputable banks require disclosure of the <b>ultimate beneficial owner (UBO)<\/b>. Any bank that ignores this raises serious compliance concerns and may deal with high-risk or sanctioned clients.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"t1d2\"><button class=\"w-tabs-section-header\" aria-controls=\"content-t1d2\" aria-expanded=\"false\"><div class=\"w-tabs-section-title\">Why use bearer shares today?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-t1d2\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_07051a4e\"><div class=\"wpb_wrapper\"><p>The main legitimate reason is protection from aggressive competitors. Publicly listing directors or shareholders can expose a company to commercial attacks or litigation. Using a bearer share holding company, with a separate operating entity, provides stronger privacy in competitive industries.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"k311\"><button class=\"w-tabs-section-header\" aria-controls=\"content-k311\" aria-expanded=\"false\"><div class=\"w-tabs-section-title\">Are bearer shares legal for offshore companies?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-k311\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_07051a4e\"><div class=\"wpb_wrapper\"><p>Yes, bearer shares are still legal in a few offshore jurisdictions, but they must comply with strict custodian requirements. They are no longer a universal tool for anonymity, but a <b>specialized instrument for enhanced privacy<\/b> where lawful confidentiality is necessary.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row hide_on_tablets hide_on_mobiles height_small\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1-4-1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><\/div><\/div><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><h3 class=\"w-text us_custom_c57c2555 has_text_color\"><span class=\"w-text-h\"><span class=\"w-text-value\">Foire aux questions<\/span><\/span><\/h3><div class=\"w-tabs us_custom_57af4b14 style_default switch_click accordion has_scrolling\" style=\"--sections-title-size:inherit\"><div class=\"w-tabs-sections titles-align_none icon_plus cpos_right\"><div class=\"w-tabs-section\" id=\"g0c0\"><button class=\"w-tabs-section-header\" aria-controls=\"content-g0c0\" aria-expanded=\"false\"><div class=\"w-tabs-section-title\">What are bearer shares?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-g0c0\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_07051a4e\"><div class=\"wpb_wrapper\"><p>Bearer shares are physical share certificates that transfer ownership simply by delivery, without any registry update. They became controversial because regulators view them as tools for secrecy that can be abused for tax evasion and money laundering.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"n22f\"><button class=\"w-tabs-section-header\" aria-controls=\"content-n22f\" aria-expanded=\"false\"><div class=\"w-tabs-section-title\">Where are bearer shares legal in 2025?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-n22f\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_07051a4e\"><div class=\"wpb_wrapper\"><p>As of 2025, bearer shares remain possible mainly in the <b>\u00celes Marshall<\/b><span style=\"font-weight: 400;\"> et <\/span><b>Panama<\/b>, though both require immobilization with a licensed custodian. Most other offshore jurisdictions, including Belize, BVI, Cayman, Seychelles, and Anguilla, have abolished them.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"n377\"><button class=\"w-tabs-section-header\" aria-controls=\"content-n377\" aria-expanded=\"false\"><div class=\"w-tabs-section-title\">Can bearer share companies open bank accounts?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-n377\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_07051a4e\"><div class=\"wpb_wrapper\"><p>It is extremely difficult to open a bank account with a bearer share company. Reputable banks require disclosure of the <b>ultimate beneficial owner (UBO)<\/b>. Any bank that ignores this raises serious compliance concerns and may deal with high-risk or sanctioned clients.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"v4be\"><button class=\"w-tabs-section-header\" aria-controls=\"content-v4be\" aria-expanded=\"false\"><div class=\"w-tabs-section-title\">Why use bearer shares today?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-v4be\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_07051a4e\"><div class=\"wpb_wrapper\"><p>The main legitimate reason is protection from aggressive competitors. Publicly listing directors or shareholders can expose a company to commercial attacks or litigation. Using a bearer share holding company, with a separate operating entity, provides stronger privacy in competitive industries.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"o603\"><button class=\"w-tabs-section-header\" aria-controls=\"content-o603\" aria-expanded=\"false\"><div class=\"w-tabs-section-title\">Are bearer shares legal for offshore companies?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div  class=\"w-tabs-section-content\" id=\"content-o603\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column us_custom_07051a4e\"><div class=\"wpb_wrapper\"><p>Yes, bearer shares are still legal in a few offshore jurisdictions, but they must comply with strict custodian requirements. They are no longer a universal tool for anonymity, but a <b>specialized instrument for enhanced privacy<\/b> where lawful confidentiality is necessary.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_small\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"w-html\"><style>\n.postdata h1, .postdata h2, .postdata h3, .postdata h4, .postdata h5, .postdata h6{\ncolor:#1db38d!important;\nfont-size:x-large;}\n<\/style><\/div><div class=\"wpb_text_column us_custom_e3e7975b\"><div class=\"wpb_wrapper\"><p data-pm-slice=\"1 1 &#091;&#093;\"><em><span style=\"font-weight: 550;\">Clause de non-responsabilit\u00e9:<\/span> Les informations fournies sur ce site web sont destin\u00e9es \u00e0 des fins de r\u00e9f\u00e9rence et d&#039;information g\u00e9n\u00e9rales uniquement. Bien qu&#039;OVZA mette tout en \u0153uvre pour garantir l&#039;exactitude et l&#039;actualit\u00e9 des informations, leur contenu ne saurait \u00eatre consid\u00e9r\u00e9 comme un avis juridique, financier ou fiscal.<\/em><\/p>\n<\/div><\/div><div class=\"w-text us_custom_f88b33b2\"><span class=\"w-text-h\"><span class=\"w-text-value\">Partagez cet article<\/span><\/span><\/div><div class=\"w-socials us_custom_165216c9 fixicons color_brand shape_circle style_outlined hover_slide\" style=\"--gap:0.25em;\"><div class=\"w-socials-list\"><div class=\"w-socials-item facebook\"><a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/ovza.com\/offshore-entities-and-international-trade-law\" class=\"w-socials-item-link\" title=\"Facebook\" aria-label=\"Facebook\"><span class=\"w-socials-item-link-hover\"><\/span><i class=\"fab fa-facebook\"><\/i><\/a><\/div><div class=\"w-socials-item twitter\"><a target=\"_blank\" href=\"https:\/\/twitter.com\/intent\/tweet?url=https:\/\/ovza.com\/offshore-entities-and-international-trade-law\" class=\"w-socials-item-link\" title=\"Gazouillement\" aria-label=\"Gazouillement\"><span class=\"w-socials-item-link-hover\"><\/span><i class=\"fab fa-x-twitter\"><svg style=\"width:1em; margin-bottom:-.1em;\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 512 512\"><path fill=\"currentColor\" d=\"M389.2 48h70.6L305.6 224.2 487 464H345L233.7 318.6 106.5 464H35.8L200.7 275.5 26.8 48H172.4L272.9 180.9 389.2 48zM364.4 421.8h39.1L151.1 88h-42L364.4 421.8z\"\/><\/svg><\/i><\/a><\/div><div class=\"w-socials-item linkedin\"><a href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&amp;url=https:\/\/ovza.com\/offshore-entities-and-international-trade-law\" class=\"w-socials-item-link\" title=\"LinkedIn\" aria-label=\"LinkedIn\"><span class=\"w-socials-item-link-hover\"><\/span><i class=\"fab fa-linkedin\"><\/i><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>","protected":false},"excerpt":{"rendered":"Bearer shares have long been one of the most controversial corporate tools in the offshore world. They allow ownership of a company to be transferred simply by handing over a physical certificate, without any formal registry update. This feature made them attractive for those seeking maximum privacy, but also a target for regulators who view...","protected":false},"author":4,"featured_media":19449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[126],"tags":[],"class_list":["post-13213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles-and-industry"],"acf":[],"_links":{"self":[{"href":"https:\/\/ovza.com\/fr\/wp-json\/wp\/v2\/posts\/13213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ovza.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ovza.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ovza.com\/fr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ovza.com\/fr\/wp-json\/wp\/v2\/comments?post=13213"}],"version-history":[{"count":3,"href":"https:\/\/ovza.com\/fr\/wp-json\/wp\/v2\/posts\/13213\/revisions"}],"predecessor-version":[{"id":19314,"href":"https:\/\/ovza.com\/fr\/wp-json\/wp\/v2\/posts\/13213\/revisions\/19314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ovza.com\/fr\/wp-json\/wp\/v2\/media\/19449"}],"wp:attachment":[{"href":"https:\/\/ovza.com\/fr\/wp-json\/wp\/v2\/media?parent=13213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ovza.com\/fr\/wp-json\/wp\/v2\/categories?post=13213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ovza.com\/fr\/wp-json\/wp\/v2\/tags?post=13213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}