branch office
A part of the company geographically separated from company headquarters. It differs from a subsidiary in that it is not a separate legal entity. In Germany there are two types of branch office:
- Zweigniederlassung: is not a separate legal entity but in some activities, independent of headquarters. An entry in the trade register is necessary and the branch manager must have prokura or power of attorney.
- Filiale: simply an external office or operations of headquarters
About this glossary:
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