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Class of business guidance

Establish Risk Location

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What to consider

Explore our guidance on what to consider when identifying the locations of risk for regulatory and tax purposes. 

Risk location(s) determine the territory or territories whose laws, regulations and tax rules apply to an insurance contract. The general principles set out in this guidance should be used in conjunction with country specific information on Crystal.

Class of business

Definition of 'business establishment'

European Union (EU) legislation defines the term ‘establishment’. Outside the EU the term is not so well defined, so in the absence of any contradictory guidance, it is appropriate to follow the EU approach.

Examples of business establishments:

  • subsidiary companies
  • branches of companies
  • representative offices
  • offices managed by businesses’ own staff
  • tied selling agents
  • factories and workshops
  • mines and quarries
  • oil and gas wells
  • drilling platforms fixed to sea bed