Employee share plans: Country Q&A tool

Search the Country Q&A in the Employee Share Plans Global Guide by question and jurisdiction.

Step 1: Check the boxes to select the questions and the jurisdictions for comparison.
Step 2: Click the "submit" button.
Step 3: Scroll down to view answers and check law stated dates for each jurisdiction.

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Employee participation

1. Is it common for employees to be offered participation in an employee share plan?
 
2. Can employees be offered a share plan where the shares to be acquired are in a foreign parent company?
 

Share option plans

3. What types of share option plan are operated in your jurisdiction?

Grant

4. What rules apply to the grant of employee share options?
 
5. What are the tax and social security implications of the grant of the option?

Vesting

6. Can the company specify that the options are only exercisable if certain performance or time-based vesting conditions are met?
 
7. What are the tax and social security implications when the performance or time-based vesting conditions are met?

Exercise

8. What are the tax and social security implications of the exercise of the option?

Sale

9. What are the tax and social security implications when shares acquired on exercise of the option are sold?
 

Share acquisition or purchase plans

10. What types of share acquisition or share purchase plan are operated in your jurisdiction?

Acquisition or purchase

11. What rules apply to the initial acquisition or purchase of shares?
 
12. What are the tax/social security implications of the acquisition or purchase of shares?

Vesting

13. Can the company award the shares subject to performance or time-based vesting conditions?
 
14. What are the tax and social security implications when any performance or time-based vesting conditions are met?

Sale

15. What are the tax and social security implications when the shares are sold?
 

Phantom or cash-settled share plans

16. What types of phantom or cash-settled share plan are operated in your jurisdiction?

Grant

17. What rules apply to the grant of phantom or cash-settled awards?
 
18. What are the tax and social security implications when the award is made?

Vesting

19. Can phantom or cash-settled awards be made to vest only where performance or time-based vesting conditions are met?
 
20. What are the tax and social security implications when performance or time-based vesting conditions are met?

Payment

21. What are the tax and social security implications when the phantom or cash-settled award is paid out?
 

Corporate governance guidelines, market or other guidelines

22. Are there any corporate governance guidelines, market rules or other guidelines that apply to any employee share plan?
 

Employment law

23. Is consultation or agreement with, or notification to, employee representative bodies required before an employee share plan can be launched?
 
24. Do participants in employee share plans have rights to compensation for loss of options or awards on termination of employment?
 

Exchange control

25. How do exchange control regulations affect employees sending money from your jurisdiction to another to purchase shares under an employee share plan?
 
26. Do exchange control regulations permit or require employees to repatriate proceeds derived from selling shares in another jurisdiction?
 

Internationally mobile employees

27. What is the tax position when an employee who is tax resident in your jurisdiction at the time of grant of a share option or award leaves your jurisdiction before any taxable event affecting the option or award takes place?
 
28. What is the tax position when an employee becomes tax resident in your jurisdiction while holding share options or awards granted abroad and a taxable event occurs?
 

Securities laws

29. What are the requirements under securities laws or regulations for the offer of shares under, and participation in, an employee share plan?
 
30. Are there any exemptions from securities laws or regulations for employee share plans? If so, what are the conditions for the exemption(s) to apply?
 

Other regulatory consents or filings

31. Are there any other regulatory consents and filing requirements and/or other administrative obligations for an offer of shares under, and participation in, an employee share plan?
 
32. Are there any data protection requirements or obligations for an offer of shares under, and participation in, an employee share plan?
 

Formalities

33. What are the applicable legal formalities?
 

Developments and reform

34. Are there any current trends, developments and reform proposals that have or will affect the operation of employee share plans?
 
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