TELFA Country-By-Country Compendium Of

Total Page:16

File Type:pdf, Size:1020Kb

TELFA Country-By-Country Compendium Of Country by country guide 2 telfacountrybycountryguide Table of contents 1. Introduction ............................................................................................................................................. 4 2. Austria ....................................................................................................................................................... 7 3. Belgium ..................................................................................................................................................... 9 4. Cyprus ........................................................................................................................................................ 14 5. Czech Republic ......................................................................................................................................... 17 6. Denmark ................................................................................................................................................... 23 7. Estonia ....................................................................................................................................................... 26 8. France ......................................................................................................................................................... 30 9. Finland ....................................................................................................................................................... 34 10. Germany .................................................................................................................................................... 37 11. Greece ........................................................................................................................................................ 44 12. Hungary ..................................................................................................................................................... 48 13. Ireland ........................................................................................................................................................ 51 14. Italy ............................................................................................................................................................. 56 15. Latvia .......................................................................................................................................................... 60 16. Lithuania ................................................................................................................................................... 64 17. Luxembourg ............................................................................................................................................. 68 18. Malta .......................................................................................................................................................... 72 19. Netherlands .............................................................................................................................................. 76 20. Norway ...................................................................................................................................................... 80 21. Portugal ..................................................................................................................................................... 83 22. Slovakia ..................................................................................................................................................... 88 23. Spain .......................................................................................................................................................... 92 24. Sweden ...................................................................................................................................................... 95 25. Switzerland ............................................................................................................................................... 97 26. United Kingdom ......................................................................................................................................102 appendix 1 summary of corporate forms ................................................................................................ 106 appendix 2 glossary......................................................................................................................................111 appendix 3 key contacts .............................................................................................................................. 114 telfacountrybycountryguide 3 1. Introduction 1.1 Corporate Forms Across Europe This guide is intended to assist the reader in determining what corporate forms in other jurisdictions are most akin to those in one’s own jurisdiction. Whilst the terminology is often radically different, the principles are generally very similar, but with important specific characteristics. Some jurisdictions allow unincorporated business arrangements to arise as a matter of law or to subsist, others require a level of registration. In addition to company law aspects, it will always be necessary to consider issues of tax. These readily digestible summaries are intended to give the reader a first flavour of another jurisdiction and should not be treated as a complete exposition of the relevant law. Specific advice will always be required. This document sets out the law and practice as it stands on 20 May 2017. 1.2 Corporate Governance The last 30 years has seen an ever-accelerating development of the companion to company law and practice, namely corporate governance. The modern concept of corporate governance can trace its history directly back to the Cadbury Report produced in the UK in 1992, being the report issued by The Committee on the Financial Aspects of Corporate Governance chaired by Adrian Cadbury and charged with investigating the issue in a business environment besmirched by the corporate scandals of the day. In more recent times we have seen catastrophic failures of governance and destruction of shareholder value in many areas. There does seem to be a clear link between poorly governed companies and systemic risk and significant value destruction. Good governance is much more than a defensive response to the latest business scandal. Well-governed companies set clear corporate goals, confidently stating the corporate ambition with a focus on delivering sustainable value for shareholders. We are now in a time where governance and law are ever-more entwined. One cannot effectively serve as a director in compliance with law without also considering issues of good governance and risk management. 1.3 Transparency Registers and Beneficial Ownership of Corporations Corporations are very convenient forms for conducting business. Across Europe companies exist within an environment where the social contract which allows shareholders to benefit from limited liability also requires the company to: • file public accounts; • provide certain narrative reporting and reporting to taxing authorities; • disclose owners. The transparency obligations on companies and investors are becoming more detailed and more burdensome. On 26 June 2017, all EU member states must implement the Fourth EU Anti-Money Laundering Directive which will require almost all companies to maintain registers of beneficial owners of their shares in addition to registers of membership, etc. 4 telfacountrybycountryguide We cannot expect politicians to desist from pursuing this path. In our view, the need for greater transparency and disclosure presents an opportunity to do things simpler, removing artificiality and presenting a clear and understandable corporate structure which is easy to understand, efficient to govern and contributes towards simpler discussions with taxing authorities. 1.4 About Telfa Trans-European Law Firm Alliance (TELFA) was founded in 1989 and born out of the need to serve clients doing business across the jurisdictions of Europe. TELFA member firms now have more than 1000 lawyers throughout Europe. Through the sustained commitment of its members, TELFA has become one of the strongest alliances of independent law firms in Europe. The fact that the member firms of TELFA are independent offers clients a flexible alternative to the global law firm model, in which internal pressures sometimes compete with the needs of client service. TELFA‘s focus is on client service through the provision of quality legal advice, which can be managed by the member firm in the client‘s jurisdiction, or the client can go direct to the member firm in the foreign jurisdiction(s) in which the client has the need for advice. TELFA‘s vision is to create and maintain a network of independent law firms that share a similar ethos. TELFA member firms do not „sell products“, rather we build relationships with our clients so as to become trusted advisers allowing us to serve our clients more effectively. Just as the foundation of good service for our clients is built on strong personal relationships, so it is among the lawyers that make up the membership of TELFA. The lawyers in TELFA get to know one another both professionally, through working together on client assignments. Also flexibility - either clients can have a single point of contact through which to engage lawyers
Recommended publications
  • Rules Governing the Share Capital of German Public Companies by Frank Wooldridge
    Rules governing the share capital of German public companies by Frank Wooldridge he above rules are somewhat detailed and some - company. However, it contains detailed rules governing times rather complex. A good elementary account the maintenance of capital. Certain of these rules, Tof them by Schneider and Heidenhain is given in including the prohibition imposed on a public company The German Stock Corporation Act ( 2nd ed, pub Kluwer, subscribing for its own shares contained in paragraph 2000) which has been of considerable interest and help to 56 (1) AktG are considered below. The imposition of the author of this article. ancillary obligations upon shareholders is also considered below, where the rules governing the increase and The articles of a public company ( Aktiengesellschaft ) are reduction of capital, which are rather complex, are dealt required to specify the amount of the company’s share with in outline. capital, which has to be denominated in euros. The minimum capital of a public company is at present THE PROVISIONS OF PARAGRAPH 56 AKTG €50,000 (para 7 AktG ). As in the United Kingdom, shares may be issued without a par value ( Stückaktien ) or with one The most important of the abov e provisions would (Nennbetragsaktien ) (para 8(2) AktG ). Par value shares are seem to be those contained in paragraph 56(1) and 562) required to have the value of one euro or a multiple thereof AktG . Paragraph 56(1) AktG provides that a company may (para 8(2) AktG ). The shares in an Aktiengesellschaft are not subscribe for its own shares. Any purported indivisible, as are the rights attaching to each share.
    [Show full text]
  • Merverdiavgiften Og Kommunene
    NOU Norges offentlige utredninger 2003: 3 Merverdiavgiften og kommunene Konkurransevridninger mellom kommuner og private Utredning fra et utvalg oppnevnt ved kongelig resolusjon 11. januar 2002. Avgitt til Finansdepartementet 18. desember 2002. Statens forvaltningstjeneste Informasjonsforvaltning Oslo 2003 ISSN 0333-2306 ISBN 82-583-0683-9 Sats/Trykk: AIT Trondheim AS/AIT Otta AS Til Finansdepartementet Ved kongelig resolusjon 11. januar 2002 ble det oppnevnt et utvalg for å vurdere ulike løsninger som gjør at merverdiavgiften virker nøytral for kommunenes beslutninger. Utvalget legger med dette fram sin utredning. Oslo, 18. desember 2002 Jørn Rattsø leder Brita Bye Trond Christensen Trine Beate Groven Liv Kristine Hammer Tor S. Kildal Tor Lande Gerd Leira Torill Lønningdal Tom Rådahl Ole Jørgen Wilberg Erik Vassnes Erik Mæhlen Larsen Lars Einar Legernes Jan Erik Mardal Åsne Hana Torgersen Innhold 1 Utvalgets mandat og konkurransevridning – Merverdi- sammensetning ............................. 11 avgiftsloven § 11 tredje ledd ........... 32 1.1 Utvalgets mandat ............................. 11 3.5.5 Avgiftsfritaket for offentlig vei – 1.2 Utvalgets sammensetning ............... 12 Merverdiavgiftsloven § 16 første 1.3 Utvalgets tolkning av mandatet ...... 12 ledd nr. 13 ......................................... 32 1.4 Utvalgets arbeid ............................... 13 1.5 Leserveiledning ................................ 13 4 Kommunal tjenesteproduksjon 33 4.1 Innledning ......................................... 33 2 Sammendrag og konklusjoner
    [Show full text]
  • Del 1 – Hovedblankett
    Samordnet registermelding Del 1 – Hovedblankett for registrering i Enhetsregisteret, Foretaksregisteret, Merverdiavgiftsregisteret, NAV Aa-registeret, SSBs Bedrifts- og foretaksregister, Stiftelsesregisteret og Skattedirektoratets register over upersonlige skattytere 1. Navn/foretaksnavn 1.1 Enhetens fullstendige navn/foretaksnavn (fylles alltid ut) Organisasjonsnummer: ı ı ı ı ı ı ı ı ı ı 1.2 Eventuelt nytt navn/foretaksnavn. For enheter registrert i Foretaksregisteret er navne-/foretaksnavneendringen gebyrbelagt 1.3 Eget navn på virksomheten (oppgis bare hvis selve virksomheten drives under et annet navn enn enhetens fullstendige navn/foretaksnavn) 2. Meldingen gjelder 2.1 Enhet som ikke er registrert tidligere 2.3 Beslutning om (enhet som ikke har eget organisasjonsnummer) oppløsning av enhet Ved kjøp, salg eller nedleggelse > av virksomhet må felt 9 og 10 2.2 Endringer/nye opplysninger 2.4 Sletting av enhet fylles ut. (fyll bare ut de felt endringen gjelder) 3. Registrering i andre registre (i tillegg til registrering i Enhetsregisteret) 3.1 Skal enheten registreres i Foretaksregisteret? Nei Ja > Se veiledningen om registrerings- Det er gebyr på registreringen. rett/-plikt i Foretaksregisteret. 3.2 Har virksomheten omsetning som kommer inn under Nei Ja > Hvis ja, sender du inn blankettens merverdiavgiftslovens bestemmelser? del 2 når beløpsgrensen er nådd. Se egen veiledning for del 2. 3.3 Enheten - har eller venter å få arbeidstakere Nei Ja - betaler/skal betale andre enn arbeidstakere Nei Ja vederlag som det skal betales arbeidsgiveravgift > Hvis ja, får du nærmere informasjon av etter folketrygdloven § 23-2 tilsendt. 3.4 Har eller venter enheten å få virksomhet på flere adresser? Nei Ja 4. Hovedkontorets adresse (forretningsadresse/besøksadresse) Gate, husnummer eller sted Postnummer Poststed Kommune Land Telefonnummer Telefaksnummer Mobiltelefonnummer Hjemmeside 5.
    [Show full text]
  • Moody's Credit Opinion July 2020
    FINANCIAL INSTITUTIONS CREDIT OPINION Kommuninvest i Sverige Aktiebolag 21 July 2020 Update to credit analysis Update Summary On February 20, Moody's affirmed Kommuninvest i Sverige AB's (Kommuninvest) Aaa long- term senior unsecured debt and issuer ratings. Kommuninvest's Aaa long-term ratings reflects the institution's close links to Swedish regional and local governments (RLGs) and ultimately the Swedish sovereign (Aaa, Stable). RATINGS The main drivers of the ratings are (1) the joint and several guarantee that it receives from Domicile Orebro, Sweden Swedish RLGs that are part of Kommuninvest's owner organisation, the Kommuninvest Long Term CRR Not Assigned Cooperative Society; (2) its narrow public policy mandate to act as the debt management Long Term Debt Aaa office of the Swedish RLG sector; (3) and the fact that the institution is 100% controlled by Type Senior Unsecured - Fgn RLGs that are members of Kommuninvest Cooperative Society. Curr Outlook Stable Financial metrics such as profitability and asset risk are less indicative of the financial Long Term Deposit Not Assigned strength of Kommuninvest given its not-for-profit mandate and the limited information Please see the ratings section at the end of this report traditional asset risk indicators provide, as the institution does not have any problem loans. for more information. The ratings and outlook shown reflect information as of the publication date. Credit strengths » Kommuninvest's liabilities are guaranteed by all members of Kommuninvest Cooperative Society Contacts
    [Show full text]
  • Nominating and Corporate Governance Committee Charter
    HORIZON THERAPEUTICS PUBLIC LIMITED COMPANY CHARTER OF THE NOMINATING AND CORPORATE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS AMENDED EFFECTIVE: 18 FEBRUARY 2021 PURPOSE AND POLICY The primary purpose of the Nominating and Corporate Governance Committee (the “Committee”) of the Board of Directors (the “Board”) of Horizon Therapeutics Public Limited Company, an Irish public limited company (the “Company”), shall be to oversee all aspects of the Company’s corporate governance functions on behalf of the Board, including to (i) make recommendations to the Board regarding corporate governance issues; (ii) identify, review and evaluate candidates to serve as directors of the Company consistent with criteria approved by the Board and review and evaluate incumbent directors; (iii) serve as a focal point for communication between such candidates, non-committee directors and the Company’s management; (iv) nominate candidates to serve as directors; and (v) make other recommendations to the Board regarding affairs relating to the directors of the Company. The Committee shall also provide oversight assistance in connection with the Company’s legal, regulatory and ethical compliance programs, policies and procedures as established by management and the Board. The operation of the Committee and this Nominating and Corporate Governance Charter shall be subject to the constitution of the Company as in effect from time to time and the Irish Companies Act 2014, as amended by the Irish Companies (Amendment) Act 2017, the Irish Companies (Accounting) Act 2017 and as may be subsequently amended, updated or replaced from time to time (the “Companies Act”). COMPOSITION The Committee shall consist of at least two members of the Board.
    [Show full text]
  • Doing Business in Norway
    Doing Business in Norway 2020 Edition 1 Norway • Hammerfest • Tromsø 5.4 million Population • 119th most populous country on earth Constitutional monarchy Form of government • Constitution day: 17 May • Head of State: King Harald V • Prime Minister: Erna Solberg, conservative • Member of the EEA from 1 January 1994 • Member of the EU: No Oslo Capital of Norway • 5 regions • Highest mountain: Galdhøpiggen 2,469 m. • Largest lake: Mjøsa 365 sq.m. • The distance from Oslo to Hammerfest is as far as from Oslo to Athens Gross domestic product ca. NOK 3300 billion Economy • Trondheim • Currency: Krone (NOK) • GDP per capita: ca. NOK 615,000 • The largest source of income is the extraction and export of subsea oil and natural gas • Bergen Norway • Oslo • Stavanger ISBN2 978-82-93788-00-3 3 Contents 8 I Why invest in Norway 11 II Civil Law 23 III Business Entities 35 IV Acquisition Finance 43 V Real Estate 59 VI Energy 69 VII Employment 83 VIII Tax 103 IX Intellectual Property 113 X Public Procurement 121 XI Dispute Resolution 4 5 Norway is known for nature attractions like fjords, mountains, northern lights and the midnight sun. Because of the Gulf Stream, Norway has a friendlier climate than the latitude indicates, leaving it with ice-free ports all year round. The Gulf Stream is a warm ocean current leading water from the Caribbean north easterly across the Atlantic Ocean, and then follows the Norwegian coast northwards. 6 7 I. Why invest in Norway In spite of being a small nation, Norway is a highly developed and modern country with a very strong, open and buoyant economy.
    [Show full text]
  • The Limited Liability Company: Lessons for Corporate Law
    THE LIMITED LIABILITY COMPANY: LESSONS FOR CORPORATE LAW JONATHAN R. MACEY· INTRODUCTION Legal scholarship examining the recent emergence of the limited liability company has primarily focused on the legal treatment of these entities. l A successfully formed limited liability company is a noncorporate entity that provides its owners with protection against liability for enterprise obligations, as well as the pass-through tax treatment traditionally associated with partnerships and Subchapter S corporations. At the same time, the limited liability company form allows investors to remain actively involved in the management of the enterprise. The purpose of this Article is different. Rather than exploring whether (or how well) the limited liability companies achieve their common intended purpose of reducing the contract, tort and tax liabilities of their investors, this Article explores the implications of the emergence of the limited liability company for our understanding of corporate law. What does the modem emergence of the limited liability company tell us about the state ofAmerican corporate law? This Article argues that the emergence of the limited liability company has much to tell us about a variety of important topics in corporate law, particularly the reasons for requiring fonnal incorporation, jurisdictional competition for corporate charters, the costs and benefits oflimited liability, and the structural problems that may hamper sweeping reform ofcorporate and tort law rules affecting enterprise and investor liability. This Article begins with a brief discussion of the limited liability company. The second part of the Article discusses the features that may * J. DuPratt White Professor of Law, Cornell University, and Director, John M.
    [Show full text]
  • Doing Business in the Federal Republic of Germany
    Denver Journal of International Law & Policy Volume 3 Number 2 Fall Article 4 May 2020 Doing Business in the Federal Republic of Germany Georg Kutschelis Follow this and additional works at: https://digitalcommons.du.edu/djilp Recommended Citation Georg Kutschelis, Doing Business in the Federal Republic of Germany, 3 Denv. J. Int'l L. & Pol'y 197 (1973). This Article is brought to you for free and open access by the University of Denver Sturm College of Law at Digital Commons @ DU. It has been accepted for inclusion in Denver Journal of International Law & Policy by an authorized editor of Digital Commons @ DU. For more information, please contact [email protected],dig- [email protected]. DOING BUSINESS IN THE FEDERAL REPUBLIC OF GERMANY* GEORG KUTSCHELIS** I. INTRODUCTION II. PRELIMINARY FORMALITIES A. Residence permit (Aufenthaltserlaubnis) B. Labor permit (Arbeitserlaubnis) C. Registration of business (Gewerbeanmeldung) D. Registration of foreign corporate bodies III. LEGAL ORGANIZATION OF A BUSINESS A. Statutory background B. Some peculiarities of German commercial law 1. Kinds of merchants 2. Commercial register 3. Commercial name (Firma) 4. Commercial agency C. Criteria of companies 1. Capacity to hold legal rights (Rechtsfaehigkeit) 2. The dichotomy of company and association 3. Internal and external companies 4. Person-companies and capital-companies 5. Ownership of company assets D. Kinds of Companies 1. Private law company (Gesellschaft buergerlichen- Rechts) 2. Partnership (Offene Handelsgesellschaft) 3. Limited partnership (Kommanditgesellschaft) 4. Silent partnership (Stille Gesellschaft) 5. Stock corporation (Aktiengesellschaft) 6. Partnership limited by shares (Kommanditgesellschaft auf Aktien) 7. Limited liability company (Gesellschaft mit besch- raenkterHaftung) 8. Limited liability company and partner (GmbH & Co KG) 9.
    [Show full text]
  • Ownership and Control of Private Firms
    WJEC BUSINESS STUDIES A LEVEL 2008 Spec. Issue 2 2012 Page 1 RESOURCES. Ownership and Control of Private Firms. Introduction Sole traders are the most popular of business Business managers as a businesses steadily legal forms, owned and often run by a single in- grows in size, are in the main able to cope, dividual they are found on every street corner learn and develop new skills. Change is grad- in the country. A quick examination of a busi- ual, there are few major shocks. Unfortu- ness directory such as yellow pages, will show nately business growth is unlikely to be a that there are thousands in every town or city. steady process, with regular growth of say There are both advantages and disadvantages 5% a year. Instead business growth often oc- to operating as a sole trader, and these are: curs as rapid bursts, followed by a period of steady growth, then followed again by a rapid Advantages. burst in growth.. Easy to set up – it is just a matter of in- The change in legal form of business often forming the Inland Revenue that an individ- mirrors this growth pattern. The move from ual is self employed and registering for sole trader to partnership involves injections class 2 national insurance contributions of further capital, move into new markets or within three months of starting in business. market niches. The switch from partnership Low cost – no legal formalities mean there to private limited company expands the num- is little administrative costs to setting up ber of manager / owners, moves and rear- as a sole trader.
    [Show full text]
  • Den Norske Advokatforening (PDF, 237KB)
    Finansdepartementet Sendt elektronisk Deres ref.: 15/2550 SL AEI/KR Dato: 19. juni 2017 Vår ref.: 243776 Høring - Forslag om endring av skatteloven § 2-2 første ledd 1. Innledning Vi viser til departementets høringsbrev av 16.3.2017 vedrørende ovennevnte høring. Det er en prioritert oppgave for Advokatforeningen å drive rettspolitisk arbeid gjennom høringsuttalelser. Advokatforeningen har derfor en rekke lovutvalg inndelt etter fagområder. I våre lovutvalg sitter advokater med særskilte kunnskaper innenfor det aktuelle fagfelt og hvert lovutvalg består av advokater med ulik erfaringsbakgrunn og kompetanse innenfor fagområdet. Arbeidet i lovutvalgene er frivillig og ulønnet. Advokatforeningen ser det som sin oppgave å være en uavhengig høringsinstans med fokus på rettssikkerhet og på kvaliteten av den foreslåtte lovgivningen. I saker som angår advokaters rammevilkår vil imidlertid regelendringen også bli vurdert opp mot advokatbransjens interesser. Det vil i disse tilfellene bli opplyst at vi uttaler oss som en berørt bransjeorganisasjon og ikke som et uavhengig ekspertorgan. Årsaken til at vi sondrer mellom disse rollene er at vi ønsker å opprettholde og videreutvikle den troverdighet Advokatforeningen har som et uavhengig og upolitisk ekspertorgan i lovgivningsprosessen. I den foreliggende sak uttaler Advokatforeningen seg som ekspertorgan. Saken er forelagt lovutvalget for skatterett. Lovutvalget består av Hanne Kristin Skaarberg Holen (elder), Cecilie Amdahl. Andreas Bullen, Thor Leegaard, Stine Lettrem-Eliassen, Amund Noss. Advokatforeningen avgir følgende høringsuttalelse: 2. Sakens bakgrunn Finansdepartementet foreslår i høringsnotatet en regel om at selskaper som er stiftet i Norge er hjemmehørende i Norge for skatteformål. I tillegg foreslås at selskaper som har reell ledelse i Norge er hjemmehørende her. Unntak fra dette skal etter forslaget gjelde der hvor et selskap er hjemmehørende i en annen stat etter skatteavtale.
    [Show full text]
  • Nordic States Almanac 2018
    Going north DENMARK FINLAND NORWAY SWEDEN Nordic States Almanac 2018 Heading up north „If investment is the driving force behind all economic development and going cross-border is now the norm on the European continent, good advisors provide both map and sounding-line for the investor.” Rödl & Partner „We also invest in the future! To ensure that our tradition is preserved, we encourage young talents and involve them directly into our repertoire. At first, they make up the top of our human towers and, with more experience, they take responsibility for the stability of our ambitious endeavours.” Castellers de Barcelona 3 Table of contents A. Introduction 6 B. Map 8 C. Countries, figures, people 9 I. Demographics 9 II. Largest cities 11 III. Country ratings 12 IV. Currencies 16 IV. Norway and the EU 16 VI. Inflation rates 17 VII. Growth 18 VIII. Major trading partners 19 IX. Transactions with Germany 22 X. Overview of public holidays in 2018 23 D. Law 27 I. Establishing a company 27 II. Working 35 III. Insolvency – obligations and risks 47 IV. Signing of contracts 50 V. Securing of receivables 54 VI. Legal disputes 57 E. Taxes 65 I. Tax rates 65 II. VAT – obligation to register for VAT 68 4 III. Personal income tax – tax liability for foreign employees 72 IV. Corporate income tax – criteria for permanent establishment (national) 74 V. Tax deadlines 75 VI. Transfer pricing 78 F. Accounting 84 I. Submission dates for annual financial statements 84 II. Contents / Structure of annual financial statements 85 III. Acceptable accounting standards 86 G.
    [Show full text]
  • List of Active Bayer Companies with at Least a Share of 50% Last Update: 17.8.2020 Country Company
    List of active Bayer companies with at least a share of 50% last update: 17.8.2020 Country Company Algeria Bayer Algerie S.P.A. Argentina Bayer S.A. Argentina Biagro S.A. Argentina Monsanto Argentina SRL Australia Bayer Australia Limited Australia Bayer CropScience Holdings Pty Ltd Australia Bayer CropScience Pty Limited Australia Cotton Growers Services Pty. Limited Australia Imaxeon Pty. Ltd. Australia Monsanto Australia Pty Ltd Bangladesh Bayer CropScience Ltd. Belgium Bayer Agriculture BVBA Belgium Bayer CropScience NV Belgium Bayer NV Bermuda MonSure Limited Bolivia Bayer Boliviana Ltda Bolivia Monsanto Bolivia S.A. Bosnia & Herzeg. Bayer d.o.o. Sarajevo Brazil Alkagro do Brasil Ltda Brazil Bayer S.A. Brazil D&PL Brasil Ltda Brazil Monsanto do Brasil Ltda. Brazil Rede Agro Fidelidade e Intermediacao S.A. Brazil Schering do Brasil Química e Farmacêutica Ltda. Brazil Stoneville Brasil Ltda. Bulgaria Bayer Bulgaria EOOD Burkina Faso Monsanto Burkina Faso SARL Chile Bayer Finance & Portfolio Management S.A. Chile Bayer Finance Ltda. Chile Bayer S.A. Chile Monsanto Chile, S.A. Costa Rica Bayer Business Services Costa Rica, SRL Costa Rica Bayer Medical S.R.L. Costa Rica Bayer S.A. Curacao Pianosa B.V. Germany Adverio Pharma GmbH - 1 - List of active Bayer companies with at least a share of 50% last update: 17.8.2020 Country Company Germany AgrEvo Verwaltungsgesellschaft mbH Germany Alcafleu Management GmbH & Co. KG Germany BGI Deutschland GmbH Germany Bayer 04 Immobilien GmbH Germany Bayer 04 Leverkusen Fußball GmbH Germany Bayer 04 Leverkusen
    [Show full text]