Theoretically the engagement signed by a non authorized person is not valid. Theoretically only the reprensentatives mentioned in the commercial register extract with "a power to sign" (alone or along with s.o.) are authorized to engage the company into an agreement. There is nothing he can do for the rest of his life to have this information removed from the internet. So when he travels all over the world anybody can Google that he is a banker in Switzerland. A few months later he found his name, home town, and citizenship posted on the internet by Money House. Maybe one could set up a company in Lichtenstein or Luxembourg (the one that is very close to Switzerland) and have it operate in Switzerland? Also do the details of shareholders of the company need to be published all over the internet?Ī friend of mine joined a large Swiss bank and was asked to have his signature in the commercial registrar. Also I was told that if your business goes bankrupt or does not work out, everybody can look this up on the internet FOREVER as Money House will not remove the details. Even Data Protection Office is upset about this but cannot do anything about it. If someone wants to be relatively discreet, is there a way to set up a business in Switzerland, without having your name, home town, and citizenship posted on the internet by Money House? Money House gets this information from the commercial registrar and under no circumstances would remove it from posting on the internet.
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