In the context of business operations, a “business location” refers to the physical site where an enterprise conducts its activities. Understanding its definition, key characteristics, and the necessary legal procedures for establishing and notifying business locations is crucial for entrepreneurs and organizations looking to comply with regulations and optimize their operations. This article explores these […]
The termination of operations of branches and representative offices is a significant decision for businesses, often driven by strategic, financial, or regulatory factors. This article explores the various circumstances under which such entities may cease operations, as well as the procedures and legal requirements involved in terminating them. 1. Cases of termination of operations of […]
In the context of corporate expansion, businesses frequently establish either representative offices or branches to extend their presence in foreign markets. While both serve as extensions of the parent company, they differ fundamentally in terms of legal person status, operational scope, and regulatory obligations. A clear understanding of these distinctions is essential for companies seeking […]
Registering branches or representative offices is an essential step for businesses looking to expand into new markets or strengthen their presence. This process ensures compliance with local regulations and establishes a legal framework for operations. Legal basis What is a branch of an enterprise? A branch office is a direct extension of an enterprise that […]
The enterprise identification number (EIN) is a unique identifier issued to businesses upon registration, serving as both the tax and social insurance number. Understanding its role and the registration process is essential for business compliance and smooth operations. What is the enterprise identification number? Identification number of an enterprise is a sequence of digits created […]
In a business, the legal representative always holds the most important position, giving directions and decisions that directly affect the operation and development of the business. Therefore, before set up an enterprise, it is necessary to clearly understand the following information about legal representative: What is a legal representative? Pursuant to Clause 1, Article 12 […]