BUSINESS LICENSE
Business License
A business license in an offshore jurisdiction will grant your company the permission and authorisation to start and manage it within the chosen offshore location.
Different offshore jurisdictions will have different license requirements as well various types of licenses might be required within a single location.
Most of the offshore jurisdictions require business licenses, however, even if they don’t there are certainly significant advantages of having them.
Credibility of business license
- Knowing that the business is licensed and possess the necessary permits and registration will attract future customers as well as investors.
- Separation of business and personal taxes.
- Liability protection. Personal protection from future claims on your business thus limiting personal risks.
- Access to various business groups and organisations.
- Confidentiality as no personal details would have to be revealed.
License requirements will depend on the business activity, ownership form, location, number of employees etc. Having an appropriate license for your business will avoid high penalties and even closure of a business by local authorities.
We can give you advise on the type of license you require in the chosen offshore jurisdiction as well as the help to obtain them. Please contact us for further information.
