For successful development of business in the foreign country it is reasonable to open a representative office. This makes possible to recruit qualified personnel familiar with the market from the first sources. Product marketing promotion, direct sales, simplifying import and logistics in the country, local and rapid problem-solving – these are only some advantages having representation on the territory of Ukraine for the business organization.
There are two types of representations: with the right to conduct economic activity business and without this right.
Representative office with the right to conduct economic activity has the right to pay for the services of contractors and accept funds from customers (clients).
Representative office without the right to conduct economic activity has the right to only pay for the services of third parties and organizations and all agreements with distributors (buyers) are on behalf of the parent company.
In terms of tax optimization and the sense of control activities, better option for a new company on the market is a representative without the right to conduct economic activity.
General time period for registration of representation takes from 3 up to 4 months.
|Required documents for registration of representative office|
|Registration in the CIS countries|