A subsidiary has the status of a legal person and independently bears civil liability according to law. The law stipulates that companies can set up branches. The establishment of a branch company shall apply to the company registration authority for registration and obtain a business license. A branch company does not have legal person status, and its civil liability shall be borne by the company. A company may set up subsidiaries, which have legal personality and independently bear civil liabilities according to law.
What are the requirements for opening a branch office?
1. The requirements for opening a branch are as follows:
(1) finite naming;
(2) The business place is outside the company's domicile;
(3) The business scope of the branch company shall not exceed the business scope of the company;
(4) Where the establishment of a branch company requires approval as stipulated by laws, administrative regulations and the State Council decisions, it shall be approved by the relevant departments.
I hope the above content can help you. Please consult a professional lawyer if you have any other questions.
Legal basis: Article 14 of the Company Law of People's Republic of China (PRC).
Companies can set up branches. The establishment of a branch company shall apply to the company registration authority for registration and obtain a business license. A branch company does not have legal person status, and its civil liability shall be borne by the company.
A company may set up subsidiaries, which have legal personality and independently bear civil liabilities according to law.