People who want to be the VAT agent Dubai should know about the basics of the relationship between the agency, agent and the principal. There are several definitions that will tell about who can be an agent and how they should act on the behalf of the agency or the principal. Here are a few things which will tell that who will be an agent:
Contract: A person who will initiate a contract on behalf of the principal will be called as the agent of the principal and the agent who will work on behalf of the agency will said to the agent of the agency. Many of the time they both act as the same person. Most accounting firms DMCC will hire their own agents.
Instruction: An agent cannot do the work on their own instead they have to work on the instructions given by the principal or the main supplier. They will get these instructions one time at the start of the agreement or they will get them with every project of needed.
Possession: The agent will not get the possession of any of the article or commodity. They only act as the middle man who tries to facilitate both parties in any agreement. They cannot get any kind of benefit from these articles and if they do so then they will be held liable. They cannot use their own name with these articles while talking to the principal.
Price: Any agent cannot determine the price of the articles or goods because it is the work of his agency or principal to set a price. He can only tell the price to the other party and try to convince ten for buying. He has to do that with great respect so that the client will get it.
Characteristics: When there is in article for sale and the agent has to present it then he cannot add more characteristics to the product by himself, he as to tell what the original seller told him to say but the trick is to use the communication ability fully that the buyer will get fully convinced and buy the product without taking price in to account. Communication is the key to get more clients and with more clients there will be more commission for the agent and added benefits will be given when target achieved.