Many countries require you to establish an in-country entity before you can legally do business within their borders. Often, setting up a subsidiary is a complex process that requires expertise in country-specific...
Read MoreMany countries require you to establish an in-country entity before you can legally do business within their borders. Often, setting up a subsidiary is a complex process that requires expertise in country-specific subsidiary laws.
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Many countries require you to establish an in-country entity before you can legally do business within their borders. Often, setting up a subsidiary is a complex process that requires expertise in country-specific subsidiary laws.
Setting up a subsidiary in San Marino can be more complicated, expensive, and time-consuming than working with a global PEO. At Globalization Partners, our team has the resources to help you speed up expansion, and our services eliminate the need for a subsidiary.
When you establish your subsidiary, you’ll need:
Depending on whether you have the necessary documents prepared, establishing a subsidiary can take a few weeks or several months. The steps include:
During this process, you’ll also need to find a physical space where your subsidiary can operate and prepare to open.
Your subsidiary’s name must reflect the type of company you set up. Your company’s articles of association and incorporation also need to take the form of a public deed. This document should include your company’s name, purpose, and other details. If these documents lack the required information, your company can become null.
The notary responsible for filing the necessary documents must submit the articles of association within 30 days of registration. If they fail to do so, your company’s directors or shareholders may file these documents instead.
Your board of directors is ultimately responsible for various operations, including overseeing compliance.
The subsidiary setup process has several benefits. Some of the most notable advantages include:
Despite its benefits, setting up a subsidiary has a few drawbacks, too. Besides the monetary investment necessary for creating an international business entity, the process can take weeks. During an expansion, capital and time are two of your most valuable resources and a subsidiary can drain both. Plus, establishing a legal entity leaves you responsible for compliance.
At Globalization Partners, we have entities in 187 countries, so you can skip the setup process. Our team handles compliance at every step, so you can spend your resources on your company’s future.
Contact our representatives today to learn more about the advantages of using our subsidiary outsourcing services.
If you’re ready to grow your business, or you have questions about a specific country, complete the form. One of our experts will be in touch shortly.
