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Comparison with ESOP & VSOP

See How Virtual Shares Outperform Traditional ESOP and VSOP Models

The exact characteristics of the employee participation program via virtual shares compared to normal company shares, ESOP and VSOP are shown in the following table.

  Virtual shares Company shares ESOP VSOP
Complexity Contract with employee + digital token Notarization + commercial register Notarized by contract with employee Contract with employee
Taxes Income tax (14-45%) on minting + Tax (~25%) for capital gains thereafter. Employee chooses the mint date Income tax (14-45%) + tax on capital gains (~25%) "dry income" Income tax (14-45%) on exercise (often only possible on exit)+ tax (~25%) for capital gains thereafter. Income tax (14-45%) on exit
Liquidity Easily transferable (secondary market) Only notarially transferable Not transferable Not transferable
Rights From minting onwards, economically as shareholders + put option Like shareholders From exercise like shareholders Usually only exit proceeds