Power of Attorney on Incorporation of AG
Upon incorporation in Switzerland of a corporation (Aktiengesellschaft or AG), the founder of the corporation must subscribe for shares, participate in the founders’ meeting, and interact with the commercial register for the purposes of registering the newly established corporation.
This Power of Attorney allows the founder (referred to as the Principal) to grant power of attorney to one or more individuals to act as proxy for the purpose of the incorporation. This is typically required if, for example, the founder is an individual or entity located outside Switzerland or the founder is otherwise unable to participate in the incorporation process.
The proxy is authorized:
- to subscribe for a defined number of shares in the Corporation, in the name of and for the account of the Principal;
- to represent the Principal at the founders‘ meeting; and
- to interact with the commercial register on behalf of the Principal.
Documents are required to be provided in the official language of the relevant commercial registry. These templates are provided in German with English translation.
The Principal may be a natural person or a legal entity. The proxy must be an individual, but may represent a legal entity.
Circumstances of Use
This document is required on incorporation of a Swiss corporation (AG) if the founder of the corporation wishes to delegate the relevant steps.
The purchase of this Product is subject to PartnerVine Terms.
You (the registered user through whose account the purchase is made) may:
- Access the document-generation interview for 90 days from date of purchase;
- Export and download an unlimited number of copies of the document(s) in Word or pdf format;
- Share and use the document copies in connection with the circumstances described in this Author’s Note and only for the ordinary business purposes of the group of companies to which you belong.
Exclusions and Limitations
As this document is provided in German with English translation, it is not suitable for use by corporations established in non-German speaking cantons.
This document must be signed and dated. A notary will typically be involved in the process of incorporation. Subject to the notary’s requirements the Power of Attorney may need to be notarised.