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4.5. PE Risk Grid for Foreign Entities Involved in Business Activities
ACTIVITY                               POTENTIAL PE RISK
         High Moderate Remote
Market research (provided the activities are performed within the license)                      X  
Solicitation (may be deemed as an agent)                         X       
Procurement (provided no physical presence in the country)                                           X  
Provision of services (assuming that services are performed in the country for more than 60 days within any 12-months period)                         X             
Secondment of personnel (assuming that the personnel operates under the direction of the company to which it is seconded)                 X  
Commissionaire and similar                            X
Post-restructuring low-risk activity              X         
Ownership, rental/operation of real estate              X       
FORCE OF ATTRACTION                                       YES
BRANCH PROFITS TAX                                       YES, 20% on any profit after corporate income tax