What Is the Power of Attorney (PoA) in Companio and What Are its Limitations?
Granting a Power of Attorney (PoA) to Companio might sound intimidating, but it’s really straightforward. We only require it so we can prepare and submit your accounting and annual reports to the authorities.
Make payments or transactions on your behalf,
Control your bank accounts,
Interfere with your business operations or financial decisions,
Authorize us to act beyond accounting and compliance.
It strictly authorizes us for accounting and compliance purposes—ensuring your taxes and reports are filed correctly, handling the necessary paperwork, and keeping you clear of bureaucratic hassles. This is simply a standard requirement to operate seamlessly with the Estonian and Spanish authorities.
For more details, please check out our quick guides:
• How to grant PoA for accounting
• How to grant PoA for the annual report
Rest assured, your money stays where it belongs—with you!
The PoA does not allow us to:
Make payments or transactions on your behalf,
Control your bank accounts,
Interfere with your business operations or financial decisions,
Authorize us to act beyond accounting and compliance.
What PoA does do:
It strictly authorizes us for accounting and compliance purposes—ensuring your taxes and reports are filed correctly, handling the necessary paperwork, and keeping you clear of bureaucratic hassles. This is simply a standard requirement to operate seamlessly with the Estonian and Spanish authorities.
For more details, please check out our quick guides:
• How to grant PoA for accounting
• How to grant PoA for the annual report
Rest assured, your money stays where it belongs—with you!
Updated on: 26/02/2025
Thank you!