Foreign subsidiaries
When establishing foreign subsidiaries for your company, where speed and adaptability are crucial, accounting should not be a hindrance but a driving force for success. In the face of international regulations and diverse legal requirements, agile and compliant financial management is essential.
Tailored Solutions for Subsidiary Growth
We offer tailored expertise and legal advice to support you in opening your subsidiaries, while incorporating the flexibility and transparency provided by Odoo. Our service ensures financial management that complies with international standards and legal obligations, allowing you to focus on growing your business and expanding your global operations.
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What is a foreign subsidiary?
A foreign subsidiary is a company that operates in a different country from where its parent company is based. The parent company maintains control by holding the majority of voting rights at shareholders' meetings, allowing it to influence or decide the subsidiary's strategic direction.
Although the subsidiary is an autonomous entity with its own legal and tax status, it must comply with local regulations regarding taxation, labor laws, and other legal aspects specific to the host country. This structure enables the parent company to expand its operations internationally while adapting to local markets, thereby promoting better risk management and optimizing economic opportunities.
Our specific services for foreign subsidiaries
We Doo Accounting supports foreign subsidiaries throughout every stage of their establishment and growth.
Compliance
Ensuring compliance with local tax and social obligations is a priority for us. We ensure that your subsidiaries adhere to current regulations, particularly in terms of taxation and human resource management.
Business Plan Development
We assist our clients in preparing detailed business plans, incorporating financial, tax, and regulatory aspects.
Establishment assistance
We simplify the process for foreign companies setting up in France by advising on the most suitable legal structure to meet your needs.
A trusted partner
As a firm registered with the French Order of Chartered Accountants, we handle relationships with tax authorities and social organizations, ensuring a smooth and worry-free management process.
Reporting tailored to parent company standards
We provide financial reporting that meets your parent company's requirements, whether under IFRS, US GAAP, or other standards, and integrate the specifics of your Odoo accounting system. In this way, we serve as an effective bridge between the parent company and the subsidiary.
Adherence to accounting policies and transfer pricing
We ensure compliance with the accounting rules set by the parent company as well as the transfer pricing policies.
Domiciliation services
We offer a domiciliation service through We Forge, providing a legal address in France and streamlined mail management while optimizing your costs and facilitating your establishment.
Strategic consulting
Our experts guide you throughout the management and development process of your subsidiary, providing tailored solutions to address your specific challenges.
The advantages of We Doo Accounting for the accounting and management control offoreign subsidiaries
We Doo Accounting supports foreign subsidiaries throughout every stage of their establishment and growth.
A bilingual accounting consultant and chartered accountant at your service
For smooth and effective communication.
Flexible and customized delegation of your accounting services
Ranging from bookkeeping to the preparation of tax returns and annual accounts.
Learn more about our tax preparation servicesUp-to-date and high-quality accounting and financial data
Perfectly integrated within the Odoo environment and aligned with each client's specific processes.
Learn more about Odoo's features for accountingStrategic support with Dashboards and reporting
Including key performance indicators that allow for in-depth analysis of expenses, operating income, inventory, and more.
Flexible and responsive management by our team
To meet the evolving needs of your business.
Comprehensive expertise in accounting management through the Odoo ERP and its associated applications
Such as Odoo Inventory, Odoo Expenses, Odoo Purchases, and more.
Automated reporting in Odoo
Compliant with parent company standards and adhering to deadlines and timelines.
The advantages of We Doo Accounting for the legal and HR support of your foreign subsidiaries
We Doo Accounting provides you with legal support and complete social management
Tailored legal advice in english
We understand that language can be a barrier in international business. That’s why we offer legal support in English, adapted to local and international legal standards.
Complete delegation of your social services
Human resource management can quickly become complex, especially when dealing with multiple foreign subsidiaries. We Doo Accounting manages your entire social service, from personnel administration to employment contract management and payroll processing, while ensuring compliance with the relevant social regulations in the country.
Learn more about our payroll and social management servicesCompany domiciliation services
We Doo Accounting also offers a company domiciliation service, which is a valuable asset for your foreign subsidiaries. We provide a professional address in the relevant country, allowing your subsidiaries to benefit from a recognized local presence.
Learn more about our legal servicesYour guarantees with We Doo Accounting
Accounting compliant with international standards
We provide detailed reports and financial analyses that deliver valuable insights for strategic decision-making in an international context. We ensure that your accounting adheres to international standards and regulations, thereby reducing the risks of non-compliance and facilitating your cross-border operations.
Agile financial management
Our integration with Odoo enables flexible and responsive financial management, essential for quickly adapting to fluctuations in international markets.
Close collaboration
We stand out for our ability to establish a close relationship with both parent companies and their subsidiaries. With a deep understanding of local specifics and international accounting standards, we offer tailored solutions suited to each business structure, promoting effective management of your foreign subsidiaries.
Responsiveness to diverse requirements
Whether you need advice on international reporting or tax return management, our teams are ready to respond quickly to provide precise solutions that comply with the laws and regulations in each country.
Rigor in our processes
We are committed to adhering to IFRS standards and the provisions of the Commercial Code, ensuring that each subsidiary meets its local tax obligations. You can be assured that your accounts are managed with the utmost precision.
Trustworthy Relationship
As a recognized service provider in the realm of foreign subsidiaries, we build a trustworthy relationship with our international clients. Our accounting services are based on proven expertise, ensuring results that meet international standards while safeguarding the confidentiality of your data.
Agility and flexibility
We are equipped to support groups in their international development while ensuring seamless communication between the parent company and its subsidiaries.
FAQ about foreigns subsidiaries
For which companies is We Doo Accounting suitable?
The integration of Odoo allows for flexible and responsive financial management, enabling rapid adaptation to fluctuations in international markets.
Can We Doo Accounting help my foreign subsidiary make strategic decisions?
Through our detailed financial reports and analyses, we provide valuable insights for strategic decision-making in an international context.
How does We Doo Accounting facilitate cross-border operations for foreign subsidiaries?
We simplify cross-border operations by ensuring compliant and efficient accounting and financial management, allowing you to focus on growth and global operations.
How does We Doo Accounting support the establishment of a subsidiary abroad?
We offer comprehensive support, including advice on local accounting standards, tax requirements, and the establishment of a suitable accounting structure for your subsidiary's needs.
What services are offered for business groups with international subsidiaries?
We provide consolidated account management services, guidance ontransfer pricing, and global financial reporting to ensure complete visibility into the performance of the entire group.
How does We Doo Accounting assist companies in adopting international accounting standards?
We offer guidance to help companies understand and apply international accounting standards, ensuring that their accounting is compliant on a global scale.
Contact us
Do you have questions regarding the accounting and legal aspects of foreign subsidiaries? Our team is ready to help you find solutions tailored to your needs. Whether you want to learn more about our services or schedule a personalized consultation, we are here to provide you with accurate and relevant advice for your situation.