Representative Office

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representative office
office which represents a company


Wikipedia English The Free EncyclopediaDownload this dictionary
Representative office
A representative office is an office established by a company to conduct marketing and other non-transactional operations, generally in a foreign country where a branch office or subsidiary is not warranted. Representative offices are generally easier to establish than a branch or subsidiary, as they are not used for actual "business" (e.g. sales) and therefore there is less incentive for them to be regulated.
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This article uses material from Wikipedia® and is licensed under the GNU Free Documentation License

UNODC Money Laundering Terms DictionaryDownload this dictionary
Representative Office
A facility established in distant markets by a bank in order to sell the bank's services and assist clients; these offices cannot accept deposits.

Copyright © 2005 UNODC - United Nations Office on Drugs and Crime.

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