megavideolinks
Joined: 19 Nov 2011
Posts: 273
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 Posted: Sun Jan 15, 2012 10:15 am Post subject: Checklist for setting up a branch office |
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Instead of incorporating a subsidiary in Switzerland, a foreign
company may also establish a branch office. These offices
have a certain organizational and financial independence from
the principal company. Legally, the branch office is part of
the foreign company, even if it can enter into contracts and
execute and settle transactions in its own name, can sue
and be sued at its place of business.
1. Independence of the branch office must be documented. At least one person with power of attorney
must be domiciled in Switzerland. This person must
have the power to represent the branch office.
2. The foreign company must provide evidence that it has
decided to establish a Swiss branch office (copy of the
minutes of the board of directors).
3. The branch office must be given a name pursuant to
Swiss legislation and must be registered at the appropriate commercial registry.
4. The name must indicate: name of the principal company,
place of principal company and branch office, and expressed designation of the branch office. All translations
of the firm’s name if desired.
5. Further information necessary for the registration: domicile, name of principal company and its activities, date
of foundation of the principal company, the official publication media of the company, the board of directors of
the principal company and all persons with power of
attorney, plus designation of the head of the branch
office.
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