<p>Impresa Società Crisi di Palazzolo Andrea, Visentini Gustavo</p>
Diritto ed Economia dell'ImpresaISSN 2499-3158
G. Giappichelli Editore

10/01/2022 - The Sole Representative of an overseas business

argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: U.K. - Sole Representative - overseas business

This is a path that allows foreign companies to send a representative to the U.K. in order to create and manage a branch or wholly owned subsidiary. The sole representative of a foreign company must be hired and employed outside the United Kingdom by the company seeking to establish its presence in the United Kingdom. This person must be a senior employee who is empowered to make operational decisions on behalf of the company in the UK. In addition, he must work in the UK full time and must have sufficient funds to support himself in the UK. Knowledge of English is required at A1 level. The sole representative cannot own or control more than 50% of the foreign company or actually be the majority shareholder or the main beneficiary. As for the foreign company, it must be an active company and intending to keep its main place of business outside the UK. It must also not already have any other branches or subsidiaries in the UK. the application will be rejected if the business abroad was established solely for the purpose of facilitating the entry and stay of the representative in the United Kingdom. If the company already has a commercial presence in the UK, it will not be authorized to send you a representative. It is, however, permitted to trade with the United Kingdom from abroad using brokers, distributors or intermediaries. Sales on commission are allowed, but the foreign company must not have employees in the United Kingdom. The representative only visa is granted for an initial duration of three years. It can then be extended for another two years. After five years in the UK, the applicant can apply for settlement.