Federal Act
on the Acquisition of Immovable Property
in Switzerland by Foreign Non-Residents
(ANRA)

¹ Ac­quis­i­tion of im­mov­able prop­erty means:

a.

the ac­quis­i­tion of im­mov­able prop­erty, of a build­ing right, of a right of res­id­ence or the usu­fruct re­lat­ing to a prop­erty;

b.⁶

par­ti­cip­a­tion in a busi­ness cap­able of own­ing as­sets without leg­al per­son­al­ity the ac­tu­al ob­ject of which is to ac­quire im­mov­able prop­erty;

c.⁷

the ac­quis­i­tion of the own­er­ship or usu­fruct of a share in a real es­tate fund, the shares of which are not reg­u­larly traded on the mar­ket, or of any sim­il­ar as­set;

c^bis.⁸

the ac­quis­i­tion of the own­er­ship or usu­fruct of a share in a real es­tate SICAV the shares of which are not reg­u­larly traded on the mar­ket, or of any sim­il­ar as­set;

d.⁹

...

e.¹⁰

the ac­quis­i­tion of the own­er­ship or usu­fruct of a share of an en­tity, the ac­tu­al ob­ject of which is to ac­quire im­mov­able prop­erty, provided the shares in this en­tity are not lis­ted on a stock mar­ket in Switzer­land;

f.¹¹

the cre­ation and ex­er­cise of a right of pur­chase, pre-emption or re­pur­chase over im­mov­able prop­erty or a share with­in the mean­ing of let­ters b, c and e;

g.

the ac­quis­i­tion of oth­er rights that place the ac­quirer in a sim­il­ar po­s­i­tion to the own­er of im­mov­able prop­erty.

² Where a leg­al en­tity or a busi­ness cap­able of own­ing as­sets without leg­al per­son­al­ity moves re­gistered of­fice abroad, wheth­er in fact or merely in ac­cord­ance with its art­icles, and re­tains rights to a prop­erty that may not be ac­quired without au­thor­isa­tion un­der Art­icle 2 para­graph 2 let­ter a, this is also deemed to be an ac­quis­i­tion of im­mov­able prop­erty.¹²