Representative office

 
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Representative office

A representative office is a local representation of a company in a foreign country. In most cases it is relatively easy to set up, but a representative office can not conduct any commercial sales or investment transactions. It can be used for market research, business development and marketing, where the parent company will do close the agreements and will be responsible for the delivery. Different countries have different regulations for representative office, especially where it comes to hiring staff.

This entry was posted in dictionary on November 15, 2017 by Tanushka.