How to open a representative office abroad

To conduct business abroad, enterprises need representative offices. They will protect the interests of the company. The process of creation and activities of foreign representative offices is regulated by law.

Instruction manual

1

Gather information about what conditions exist to create representative offices in the country where you want to open a branch. Note that each country has its own requirements, and you must comply with them. Choose the conditions more favorable for your field of activity.

2

Develop a business plan to represent your company abroad. Think about how his activities will develop, and how harmoniously it will fit into the overall picture of your business. Perhaps it will be more profitable for you to buy a local company than to open a new one.

3

Register your new company. Choose a name for her. The name of the representative office should not repeat the name of the main company. It is necessary that the name of your branch meets the requirements in force in this country.

4

Prepare all the documents required to open a branch. Their list depends on which country your company will be located in. Prepare the required amount of the authorized capital and proceed directly to the registration of the representative office.

5

Open a bank account and deposit in it the required amount of the authorized capital. Get an identification number, draw up an act on the establishment of the company and notarize it.

6

Register in the trade register, pay the appropriate tax, get the TIN, register with the social insurance fund. Notify the regional labor office that your representative office has opened.