However, I refuse to attach a photocopy of my passport that they require and Moneyhouse has not deleted my personal data. I subsequently sent them a form letter, which they provided, requesting that they delete my personal data. They responded with a link to delete my information which does not work. Recently I requested that Moneyhouse delete personal information about me from their website, i.e., home address and telephone number, since this data is private. Apart from that, if the board member has single signature and you are not authorized, he could quite manage the company on his own, though he still has to act with diligence (= in line with the interests of the company). The only way to do it is to appoint a representative as a board member (having him sign an agreement which sets forth the way he should act (if needed), which is - basically - only on your instructions). There is therefore no happy way to remain fully "discreet" and to be the only one to take decisions for the company. Nevertheless, you wouldn't expect the shareholders to decide on the day to day business, which is usually delegated to the Directors. The shareholders' meeting is the highest organ in a SA, therefore shareholders' resolutions basically apply to anyone in the company, authorized to sign or not. The kind of decision making depends whether you act as a member of the board, as a member of the Direction or with a delegated authority. In practice, this is rarely done, except for the official acts (notary.) or with some important customers. Though it is the duty of your counterpart to verify whether you are authorized to sign.
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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