> ## Knowledge Base Index
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> Use this file to discover available pages before exploring further.
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# What Is a Power of Attorney (PoA) and Why Does Companio Need It?

A **Power of Attorney (PoA)** is a legal authorization that allows Companio to act on behalf of your company for specific administrative and accounting tasks.
It does **not** grant Companio control over your finances, company ownership, or decision-making — it only gives us permission to represent your company before government institutions for **accounting, tax, and compliance purposes**.
This authorization is standard and required for all Companio clients, regardless of the country where the company is registered.

# Why Companio Needs a PoA

Companio uses the Power of Attorney to handle **mandatory filings, accounting submissions, and official communications** with local authorities in your company’s country of registration.
It allows us to:
* Submit monthly and annual accounting reports.
* File tax declarations and compliance forms.
* Communicate directly with the tax office or registry when needed.
Without a valid PoA, Companio cannot legally perform these actions on your behalf, and your company’s compliance could be delayed or interrupted.

# In Which Countries Is the PoA Required?

The Power of Attorney is required in all jurisdictions where Companio operates:
* **Estonia:**
The PoA authorizes Companio to manage accounting and submit tax and compliance reports. It’s granted digitally through your **e-Residency card** once your company is registered.
* **Bulgaria:**
The PoA is also required and is issued through **Notarity**, an online notarization platform used to validate and sign the authorization document remotely.
* **Ireland:**
As in Bulgaria, the PoA is granted through **Notarity**, ensuring full legal validity under Irish regulations. It enables Companio to handle your company’s tax and accounting filings with the Irish Revenue and Companies Registration Office (CRO).

# What the PoA Does Not Allow

The Power of Attorney given to Companio is **limited and specific**.
It does **not** allow Companio to:
* Access or move funds from your company bank accounts.
* Make business or management decisions for your company.
* Sign contracts or commercial agreements on your behalf.
It is used strictly for administrative and compliance purposes — ensuring your company remains fully compliant with local tax and reporting regulations.