Uk Subsidiary of overseas parent company

Discussion in 'Cashflow forum' started by Virtuosoaccount, Mar 8, 2020.

  1. Virtuosoaccount

    Virtuosoaccount UKBF Newcomer Free Member

    1 0
    Hi All,

    One of my client is looking to setup a UK subsidiary and the parent company is in Saudi Arabia just want to know if there will be any legal requirements of the overseas parent to pay for any liabilities of subsidiary business. Please any advice will be appreciated.
     
    Posted: Mar 8, 2020 By: Virtuosoaccount Member since: Mar 8, 2020
    #1
  2. ExpertAccountant

    ExpertAccountant UKBF Newcomer Full Member

    9 3
    Not if the parent company is required to do so under contracts (i.e. sales or purchase contracts) with third parties.
     
    Posted: May 13, 2020 By: ExpertAccountant Member since: May 13, 2020
    #2