For those looking for a relatively easy option, you might want to research the potential of becoming a representative for a foreign company. In many countries around the world, foreign companies have the right to place a representative in the country. Most of them require some sort of work contract or paperwork while other countries may require a local host company. There are three key things to think about when looking to get started into this type of business. First, you should find a foreign company that offers a good service and is welcomed into the host country. Second, you should make sure you actually are doing work for this company because identity and integrity are vital. Last, you should do your research to find out what the local laws are in regards to “representation” in their country. You may very easily be able to set up a contract with a company based solely on commission or sales generated.
Representative for Foreign Company
Brief overview
More Information
Capital / Setup Cost
$5,000 - $15,000
Legitimacy
Medium
Employees
None
Rate of Technological Change
Medium
Time Involvement
30 – 40 hours per week
People Contact
Medium
Specific Training
Specific training required
Seasonality
Medium