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What are the procedures involved in cancellation of a foreign companys branch, whether registered or not registered with the Ministry of Economy & Commerce?

April 26, 2017branch cancellation commerce COMPANY economy foreign involved ministry procedures registered

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What are the procedures involved in cancellation of a foreign companys branch, whether registered or not registered with the Ministry of Economy & Commerce?

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If a foreign company’s branch is registered, letters of cancellation issued by the Ministry of Economy and Commerce, the parent company and the Ministry of Labour & Social Affairs shall be submitted. if it is not registered, then the Board of Directors resolution from the main company shall be submitted and a letter for the Ministry of Labourd & Social Affairs.