Recital 34

(34) In order to help companies, and in particular SMEs, to expand their business activities cross-border more easily, the ‘once-only’ principle should be further developed in cases where companies register branches in another Member State. As with the setting up of a subsidiary cross-border, applying the ‘once-only’ principle with respect to branches means that the information about the company registering the cross-border branch should be retrieved electronically from the register of the company by the register of the branch through the system of interconnection of registers. This exchange of information, as in the case of any other exchange of information between registers through the system of interconnection of registers, will be carried out via secure transmission between national registers to ensure that the information can be trusted and should not be required to be certified or subject to any legalisation or similar formality. Alternatively, the register of the branch could access information about the company directly through the system of interconnection of registers via the portal or in the national register of that company.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.