Taxation
FAQ's
Why
is the definition of business agent very important for foreign companies?
Generally, a business agent refers to a
company, enterprise or other economic organisation or individual
entrusted by a foreign enterprise to act as an agent in any of the
following:
- representing the foreign principal on a
regular basis in arranging purchases and signing of purchase contracts
on behalf of the principal;
- entering into agency agreements or contracts
with the principal, storing on a regular basis products or commodities
owned by the principal, and delivering on behalf of the principal
such products or commodities to other parties;
- being authorised to represent the foreign
principal on a regular basis in signing of sales contracts or
in accepting purchase orders
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