Setting up branch or subsidiary company in Slovenia
Setting up branch or subsidiary company poses questions for enterpreneurs. However, the choice is a difficult matter for them. Many businessmen see an opportunity to expand to Slovenia . Having a company abroad gives you wider options for starting a business . That means that you must decide between the type of company. What is the difference between a branch and a subsidiary ? Lets find out in the following paragraphs !
Decision making : set up a subsidiary company
Data can help you in the process of registering your company. What is more, Data has 45 experts from various fields . Data has 28 years of experience in providing help to businessmen. Also helps them in starting their own business. This includes accounting, tax and financial services . In order to set up branch or subsidiary company you should firstly provide documents. Secondly , you need to provide representative’s passport and permanent address . Thirdly , you need to provide the name of the company. Subsidiary company in Slovenia establishes a legal person and owner is a legal entity. The form of the company is d. o. o and it is limited by share capital .
Choice – open a branch in Slovenia
The branch is not an independent legal entity. Branch and subsidiary company differ. Further, it can only register the same business activities as the parent company . With daughter company , you can register new business activities . In addition, a branch company cannot exist without a parent company. The parent company has to include the activities of the branch. In specific , the activities in annual financial statements should be included . Branch is the type of company that you can register through attorney. Similarly, you register the branch in a notary office. In short , your presence is not required in Slovenia to complete the process. In this regard , you choose between branch and subsidiary company . Importandly, you decide which type of company is more attractive to you.
Above all , you need to prepare a deed of incorporation of the parent company . An excerpt from the business register and an annual financial report too. All documents must be certified. You need to prepare a decree for the branch as well . Next , you will need a statement from the representative. At the end , you decide what you will establish . Whether a branch or subsidiary company , it is up to you !
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