We found no free primary document that settles who controls it, so we do not say.
- Legal entity
- Proton AG (CH)
- Register id
- CHE-354.686.492 (Geneva RC, Plan-les-Ouates)
- LEI
- 506700YLQ614KA7PB723 · ISSUED · renews 2027-01-07
- What GLEIF shows
- Reports no parent (exception). reporting exception: NON_CONSOLIDATING (direct and ultimate)
- Controlling owner, from documents
- Not verified
- Control type
- unknown
- Listed on
- buy-european.net, european-alternatives.eu, europeanpurpose.com, goeuropean.org, only-eu.eu
- Category
- Privacy and security
- Source
- proton.me
- GLEIF record
- 506700YLQ614KA7PB723
Our notes
DOWNGRADED from non-eu-controlled. The only source is Proton's own blog post (17 Jun 2024). It says the foundation is 'the primary shareholder' and 'largest voting shareholder' and that 'no change of control can occur without the consent of the foundation'. That is a blocking position, not proven control, and it gives no percentage. It is a company statement, not a filing, so 'largest-shareholder-filing' did not fit. Zefix (FOSC 12.09.2024) shows 58,753,560 shares of CHF 0.001 with privileged voting rights plus 4,285,644 shares of CHF 0.01, so the privileged shares carry about 93% of votes. The register does not say who holds them. Later FOSC entries (25.11.2025, 04.05.2026) only add conditional capital and non-voting participation certificates; no change of control was published. Even if confirmed, the owner is Swiss: European but outside the EU. Do not count Proton as 'non-European' in any headline.