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Permitting
Daniel Frazee avatar
Written by Daniel Frazee
Updated over a week ago

Permitting: Permitting in Próspera is designed to establish clearly and unequivocally the zone's regulatory jurisdiction over your business. Although not legally required, furnishing proof of permitting is often required to open a bank account or to satisfy external regulatory authorities that they do not have authority to regulate your business.

Voluntary Permitting: Because of their jurisdictional nature, obtaining permits is voluntary in Próspera, which enables businesses to operate with greater freedom and a relaxed regulatory structure. This flexibility allows companies to save the costs and time required for mandatory permits in other jurisdictions.

Wide Range of Permits: Próspera provides 27 different types of permits catering to all types of business operations, including small business permits that are very low cost or even free. This comprehensive permit structure ensures that a business can obtain permission for their specific area of operation.

This permit application is simple and straightforward, requiring only information on the company name and registration information, the type of permit which the firm is seeking, and a declaration of the firm’s chosen regulatory framework. Importantly, obtaining permits is voluntary and permits are usually issued within 7 business days. Keep in mind that if you are not in compliance in regard to other matters, such as taxes or regulatory insurance, a permit will not be issued until you have brought your operations in to compliance.

Overall, Próspera provides a business-friendly environment with a simplified permitting process that enables companies to operate with more ease and freedom while remaining compliant. The voluntary permitting and limited compliance checks of the PZ further reduce the burden of regulatory compliance on businesses, giving them the opportunity to focus on their core operations.

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