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US
AND FOREIGN CORPORATIONS DOING BUSINESS ON GUAM
Guam is open for business to Companies from
other states and even foreign countries. Off Island
Corporations and Companies that will actually have a presence
in Guam, or wish to participate in Government
Procurement, will first need to register their
corporation and obtain a business license. Companies
engaged in the construction industry, may also need a contractor's
license. In most instances, the companies will also need
to have a local agent.
We
can help you get started.
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We
can help you determine if you do need to register
your company or even obtain a business license. This
will turn on whether your company will actually be "transact business" in Guam or will merely
be soliciting sales.
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We
can register your corporation or company. This can
usually be done long distance.
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We
can serve as your registered agent until your
company establishes a physical presence.
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We
can assist with obtaining a business license.
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We
can assist you with government procurement and
preparing final proposal to assure compliance with
local regulations.
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We
can represent you in local contract negotiations.
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Assist
you in filing required annual reports.
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SOMETHING
YOU SHOULD KNOW IF YOU ARE
IN THE CONSTRUCTION INDUSTRY
Generally,
all construction contractors (and
subcontractors) doing business on
Guam
are required to be licensed with the Guam
Contractors License Board, but do not need a
regular business licenses. This applies to both
local and off-island construction companies.
An
exception to this general rule is permitted in
the case of a foreign or an off-island
contractor doing work exclusively on US military
installations. These companies do not need a
Contractor's License, but must still obtain a
general business license.
All
foreign or off-island corporations, Limited
Liability Companies, etc. engaged in
construction, whether on military installations
or not, are still required to register their
company and obtain a certificate of authority.
CLICK
HERE FOR INFORMATION ON
OBTAINING A CONSTRUCTION CONTRACTOR'S LICENSE
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Read
Guam Statutes Related To Registering Foreign Companies
Read
Definition of Transacting Business
Read
Annual Report Requirement
A foreign corporation, limited partnership or LLC, may not
transact business in Guam until it obtains both a
business license and a certificate of authority to do
so from
Guam’s Director of the Department of
Revenue and Taxation. The definition of what
constitutes "transacting business"
is complicated and if there is any doubt, it is better
to obtain professional advice, and/or error on the
side of obtaining a permit.
The penalties for conducting business in
Guam
without the proper authority are stiff and may include
a fine of up to $200 per day. A foreign
corporations may also be denied access to the courts,
in the event a dispute arises.
The filing fee for the certificate of authority is $100.00.
Further, a foreign corporation or entity authorized to transact
business on Guam must continuously maintain on
Guam a registered office and agent.
We
can help you obtain the proper licenses and
permits, so that your experience on
Guam
remains profitable. We can also serve as your
registered office and agent, should you need that
service.
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