Record the expiry dates of the licence, establishment card or file, and linked residence permits separately. Identify who handles renewal, any additional activity approvals, and the company’s status with its licensing authority.
Agree how partners will fund renewal, premises and professional services. Valid personal residency does not authorise trading on an expired business licence; obtain the applicable renewal requirements and current charges from the issuing authority.
A local sponsor or service agent is not universally mandatory for every company. Full foreign ownership is available for many activities; check the actual requirement and contractual basis of each proposed charge.
A practical next step
Create a renewal calendar and written cost-sharing agreement, and retain official receipts and confirmations for every completed stage in the company records.
