To develop overseas economic cooperation, foreign companies establish permanent missions on the territory of Ukraine, which run complete or partial business activities.
What is the representative office?
Activities of representative offices have their special features. Non-residents at the territory of Ukraine may perform activities only through their own representative offices, which are very close to branch offices by their functions. Non-resident legal entity may delegate some of its own functions to the representative office. Non-resident representative offices received such an opportunity as they exist and act on the legislative bases of two states: their native country and the country, where they run activities.
Ukrainian legislation provides the following definitions of non-resident representative offices in Ukraine:
• Representative office of foreign economic entity is an institution or entity, which represents interests of foreign economic entity in Ukraine and possesses corresponding powers, which has been duly registered;
• Representative office of a foreign company is an entity, which has been accredited in the order set by the Ukrainian law and which represents non-resident legal entity interests in Ukraine on the basis of corresponding powers duly registered.
To register a non-resident representative office in Ukraine, head of it should be appointed. This office may be held either by a foreigner or by a Ukrainian citizen. Head of representative office governs its current activities and ensures fulfillment of instructions received from a head office. He acts on the basis of a proxy registered by notary public and legalized in the Ukrainian consulate in the country of issue. Heads of non-resident representative offices should not receive a permit for employment in Ukraine.
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