A representative office allows foreign enterprises to formally establish a local business presence to facilitate relationships through informational, coordination and advisory functions short of outright commercial activity.
Key Roles:
- Liaising between parent headquarters and in-country partners through market research, business development consultation and customer support.
- Monitoring potential opportunities and regulatory changes without independent profit/loss exposure.
Example:
Obtaining a representative office license empowered meticulous supervision of flagship infrastructure projects by a Asian engineering giant, strengthening regional cooperation.
Benefits:
The designation presents an affordable preliminary foothold exploring suitability of full-scale operations amid complicated approval processes for commercial subsidiaries while preserving flexibility.