Subsidiary
How to Extend Your Business on Other Markets
Businessmen can expand their companies on foreign markets through several options. For instance, they may register one of the legal entities that are available on those markets; however, they may also opt to incorporate a branch office or a subsidiary, which are two types of business structures that are especially designed for foreign companies expanding on foreign markets.
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Second thoughts over setting up Public Holdings Company
The operation of the new Public Holdings Company (EDIS), the subsidiary of state assets hyperfund EESYP which is supposed to directly control all state corporations until they are sold through the hyperfund, is far from certain, even though its creation was provided by law when EESYP was established.
Strict rules for state corporations in the hyperfund
State corporations going under the purview of Greece's privatizations hyperfund will undergo sweeping changes in management and regulations.
Flexopack expands with subsidiary in UK
Athens-listed Flexopack announced on Monday that it is setting up a subsidiary in Great Britain, based in Norwich and fully controlled by Cypriot subsidiary Flexopack International Ltd.
The plastics group expects the new firm to assist in its expansion to the British market for the promotion of its products and services.
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