It has 21 branches and 31 representative offices in Russia.

In 1999 a new representative office was opened in Beijing.

In 1986, the Bank inaugurated its first overseas representative office.

Local banks, in addition, have 10 branches and one representative office abroad.

The bank's representative office in Stockholm would be scaled back or closed.

"Now, the name of the central government's representative office has changed."

In addition, banks will be allowed to open branches, instead of simply representative offices.

In early 2002, it opened a further representative office in Thailand.

For legal and tax purposes, opening a representative office in Iran, by itself, is not considered foreign direct investment.

Your business is more likely to be subject to local regulations if you have a permanent presence, such as a representative office.