Branch office in the context of "Subsidiaries"

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⭐ Core Definition: Branch office

A branch office is an outlet of a company or, more generally, an organization that – unlike a subsidiary – does not constitute a separate legal entity, while being physically separated from the organization's main office. Branching is particularly widespread in banking and other financial institutions, where the products' complexity requires local offices to act more like an agency than as a separate company. A branch structure exposes the owning company to full taxability and legal liability in regard to the branch office's operations.

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Branch office in the context of Subsidiary

A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by the same entity/group are considered to be sister companies of each other.

Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different fields. More focused companies include IBM, Xerox, and Microsoft; they and their subsidiaries primarily operate within the tech sector. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries.

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Branch office in the context of Kryvyi Rih Institute of Economics

The State University of Economics and Technology (SUET), also formerly known as the Kryvyi Rih Institute of Economics, abbr. KEI, is a state-sponsored university in Kryvyi Rih, Dnipropetrovsk Oblast, Ukraine.

The school was founded in 1966 as a branch of Donetsk Institute of Soviet Trade. In 1977, it became a branch of Kyiv National Economic University (KNEU) (also it did later in 2016). In 2011, it became part of Kryvyi Rih National University (KNU). Then, in 2020 it was finally reestablished as SUET.

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Branch office in the context of Deutsche Postbank

Postbank (German pronunciation: [ˈpɔstbaŋk]; full name: Postbank – eine Niederlassung der Deutsche Bank Aktiengesellschaft, lit.'Postbank – a branch of the Deutsche Bank joint-stock company') is a branch of Deutsche Bank for retail banking, which was formed from the demerger of the postal savings division of Deutsche Bundespost in 1990. Since May 2018, it operates as a brand of Deutsche Bank's retail arm. It serves 13 million customers in around 1,000 branches and 700 advisory centers.

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Branch office in the context of Representative office

A representative office is an office established by a company or a legal entity to conduct marketing and other non-transactional operations, generally in a foreign country where a branch office or subsidiary is not warranted. Representative offices are generally easier to establish than a branch or subsidiary, as they are not used for actual "business" (e.g. sales) and therefore there is less incentive for them to be regulated.

They have been used extensively by foreign investors in emerging markets such as China, India and Vietnam although they do have restrictions through not being able to invoice locally for goods or services. Consequently, Representative Offices tend to be utilized by foreign investors in fields such as sourcing of products, quality control, and general liaison activities between the Head Office and the Representative Offices overseas. A representative office is known in France as a bureau de liaison.

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