THE FOREIGN SOCIETY BRANCH IN EUROPE
What is a branch of a foreign company?
The branch is an establishment created by a company in a country other than the one where its head office is located.
That type of company can create a branch of its company in a European State?
The right to the creation of a branch of a foreign company in Europe is a right which is open to all companies, its procedures for creating its simple and rapid is subject to European law (in the context of the creation of a branch of a foreign company in Europe) of the Commercial Code.
What are the conditions for establishing a branch in a European State?
The creation of a branch of a foreign company in Europe are subject to relatively simple conditions for all companies wishing to establish a branch in a European State. In general terms, the company just needs to have a local representative of the foreign company as well as a local address.
The deadline for setting up a branch of a foreign company after its establishment in the host country of the branch?
The company generally has a period of 15 days from its establishment to establish with the local trade and business register the registration and registration procedures for their branch of a foreign company.
The list of documents to provide for the registration of a branch of a foreign company in a European Country?
As part of its local registration with business and business registries companies must produce a number of documents:
- Registration certificate (Original)
- Company status (Original)
- Branch creation report (Official language of the country of registration)
- Minutes of Appointment of the Legal Representative in the Country (Official language of the country of registration)
- Commercial lease or Domiciliation agreement
But also a version translated into the language of the country where the branch is established, if necessary certified as compliant by the local representative.
Is the foreign company branch independent of the foreign parent company?
According to International Law NOT also according to European law NOT. On this point, depending on the case and the country of establishment, things may be different. Indeed in some jurisdictions it is convenient to say that the branches of foreign companies do not have autonomy and in some other jurisdictions in order to satisfy nationalism to say that the branches of foreign companies are indeed totally independent because of their position. local administration by a local representative present in the territory.
Is the branch of a foreign company required to establish accounts independent of its parent company?
According to International Law NOT , According to European Law NOT but as for the above subject for the independence of the branch of a foreign company according to the jurisdictions and ask them, it is advisable to keep accounts or to transmit the accounts of the parent company translated into the language of the country of establishment of the branch if requested by the administration.
The advantages of establishing a branch of a foreign company in a European country?
Simple and Quick, the formation of the branch takes on average a few days depending on the jurisdiction, it allows rapid establishment in the country where the company wishes to set up an activity. The list of advantages depending on the jurisdiction would take several pages to establish
Would you like to receive assistance from an advisor in establishing a branch of a foreign company? we are at your disposal at: info@fidulink.com
