Mode 3 (Commercial presence)

Mode 3 (Commercial Presence) refers to a foreign company's establishment of a physical presence in a foreign country to provide services or sell products. This includes setting up subsidiaries, branch offices, or joint ventures, allowing the company to operate directly within the local market. It enables the company to benefit from local infrastructure, resources, and market access, while adhering to the host country's regulations. Essentially, it's about a business establishing a tangible, lasting presence in a foreign country to conduct commercial activities directly.