Changing business activities
When your business evolves, your licence activities should follow. Operating outside your licensed activities can lead to fines and banking problems.
Process
- Confirm the new activity is permitted in your jurisdiction and can be combined with existing ones.
- Obtain any external approvals.
- Submit the amendment and pay fees.
- Receive the updated licence.
Knock-on effects
- The bank may review the account against the new activity
- VAT and corporate tax treatment may change
- For a qualifying free zone person, new income streams may affect the 0% regime
Common questions
What if my activity is not allowed in my free zone?
You may need a branch or new company in a jurisdiction that permits it, or a relocation.
Official sources
We check our guidance against these official sources. Always confirm current fees and rules before acting.