October 16, 2011, 1:46 am
A Swiss Power of Attorney grants a person to represent the donor and dispose over assets and income. The attorney’s responsibility is to complete business transactions or any other actions specified in the power of attorney in Switzerland. A power of attorney is known in Switzerland as a “prokura”. Any power of attorney in Switzerland is governed by Swiss law.
A power of attorney in Switzerland frequently refers to a Swiss bank account of the donor and grants an attorney the power to represent a person in transactions and operations with the bank. If specified so in the power of attorney in Switzerland, the attorney can also deal with investment all over the world, in terms of buying, selling and trading. A person appointed by power of attorney in Switzerland may also sign deeds and other documents, represent the donor out of court, file applications, fulfill actions in front of administrative bodies or execute payments.
In the case that that power of attorney is notarised outside Switzerland in order to be used in the country, the document must have attached the Hague Apostille or it must be legalised by a Swiss embassy or consulate from abroad that certifies the capacity of the foreign notary.
The power of attorney in Switzerland can be revoked at any time. The death of the donor or the incapacity to continue legal business does not result in the expiration of the power of attorney in Switzerland. However, there is the option to give a limited power of attorney in Switzerland that provides rights to the attorney only for a limited duration or circumstance that is specified in the document.
When it comes to a Swiss power of attorney that strictly refers to company incorporation, a person can be granted the right to represent a shareholder or to represent the company in legal matters, as well as administrative actions. They may also be empowered by a Swiss power of attorney to sign documents on behalf of the company.
BridgeWest offers company registration in Switzerland, including virtual office and other related services.Tweet
BridgeWest provides company formation in Switzerland. Our assistance includes:
> drafting the Articles of Association (necessary for the company incorporation in Switzerland);
The Articles of ... [More]