Business Presence
/ˈbɪznɪs ˈprɛzəns/
Definitions
- (n.) A company's physical or economic establishment in a jurisdiction, which may create legal obligations such as tax liabilities or regulatory compliance.
The multinational corporation established a business presence in the country to benefit from local trade agreements.
Forms
- business presence
Related terms
See also
Commentary
The term's legal significance varies by context, especially in tax law and regulatory compliance, where 'business presence' determines the applicability of local laws.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.