Foreign representative offices: special features of doing business

摘要

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 bwn 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 nonresident 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 have 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.