A branch is one way for a company to set up a business in most countries. However a branch office does carry disadvantages.
| Branch Offices | |||
|---|---|---|---|
| Please select from the list to find out about Branch offices in the following countries: | |||
| Austria | Ireland | ||
| Bahamas | Italy | ||
| Belgium | Luxembourg | ||
| Bermuda | Malta | ||
| Bulgaria | Mexico | ||
| Canada | Netherlands | ||
| Costa Rica | Panama | ||
| Cyprus | Poland | ||
| Czech Republic | Serbia | ||
| Denmark | Seychelles | ||
| Egypt | Singapore | ||
| Estonia | Spain | ||
| France | Sweden |
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| Germany |
Switzerland |
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Turkey |
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| Greece | United Arab Emirates | ||
| Hong Kong | UK | ||
A branch is usually suitable for low cost ventures. As the parent company and the branch carry the same and shared risk, the parent remains fully liable for all liabilities.
From a tax perspective, branches are permanent establishments of non-resident companies and a foreign branch is not a separate entity from its parent.
A branch of a non-resident company must appoint aresident individual or a company to represent it in dealings with tax authorities. The representatives may be held jointly and severally liable for the tax debts of the permanent establishments ofnon-resident entities, which they represent.
To register a branch, evidence has to be provided of the existence of the parent, certified copies of the Articles or Statues, the names of the directors, the share capital, the registered office, and the names of the representatives who will act for you.
Various documents will need to be translated, the documents include:
All stationery, order forms and similar documents used by your branch are required to show:
Also the following particulars must be shown at the branch office: