Affluence Corp (AFFU)

[TJG]

Do U.S subsidiaries even if registered in Spain have to follow the filing regulations in Spain

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Yes, companies registered in Spain, even if they are a U.S. subsidiary, are generally required to comply with Spanish regulations, including filing annual accounts and other relevant documentation with the Spanish Commercial Registry. This is because they are considered a legal entity within Spain and subject to Spanish law.
Elaboration:
Spanish Law and Corporate Regulations:
Companies operating in Spain, regardless of their ownership or parent company location, are governed by Spanish law, including the Commercial Code and the Capital Companies Law.

Also if anyone wants to take the time to go to the OTC web site and pull up AFFU then go to the disclosure section you will see that for over 8 years this company has never filed an 8-K and they wont until they become SEC rull reporting I know AI says they have to, but they never have and they have not been diciplined for not doing so... so once this merger is announced do not expect to see an 8-K If we get one then its a gift and the first time it has ever happened Since 2003 they have had 3 SEC filed documents and none are 8-K They did have a completed merger with Durham Black and no filing was done.. they did Buy out OneMind in 2020 and no filing was done.