Set-up your subsidiary abroad

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Steps to form a foreign subsidiary

Depending on the country, it can take anything from a few days to several months to set up an operational entity.
But choosing the right options is critical, as is compliance with local regulations and practices.

Find out how Pramex assists you in the creation of your subsidiary!

Step 1

Analysis of the project’s economic model

ANALYSIS OF THE ECONOMIC MODEL

Depending on the country and your activity and development strategy, it may be necessary, recommended or perhaps not even appropriate to establish a subsidiary.

Pramex advises you and helps you implement your project by also providing important local insights (compliance with accounting policies, VAT rules, inter-company transactions, invoicing, collective agreement for employees, etc.).
Step 2

Selection of the legal structure

LEGAL STRUCTURE

After reviewing your economic model, Pramex, in consultation with you, will propose the most suitable legal structure for your situation and in terms of governance.
Step 3

Registration of the company

LEGAL CREATION

Pramex supports you in preparing the incorporation documents and filing the company on the local trade register.

REGISTRATION

The legal structure must be registered with all the relevant authorities: administrative, tax, social, etc. Pramex coordinates all of these actions.
Step 4

Opening of a bank account

BANK

A bank account is indispensable for operations.

Pramex assists you in the opening and activating an account with the bank of your choice.
Step 5

Administrative, tax, accounting and HR set-up

HUMAN RESOURCES

Pramex helps you proceed with all the formalities required to register your employees and implement your HR and benefits policy, in compliance with local practices.

ACCOUNTING & TAX

Pramex sets up the accounting and tax organization (accounting plan, format and frequency of reporting, timing and deadlines) in compliance with tax return filings’ obligations and deadlines.

OPERATIONAL MODEL

Pramex advises you on offsetting up management fees and intra-company financing agreements.