Understanding the Arm’s Length Principle What does the “arm’s length principle” mean in business? The arm’s length principle means that transactions between related parties (e.g., subsidiaries of the same parent company) should be conducted as if the parties were independent, unrelated entities, under comparable conditions.  Meaning of the arm’s length principle in taxation In taxation and transfer pricing, the arm’s length standard is used by tax authorities to ensure that p

Indemnity in Law Explained Indemnity meaning in law In commercial practice, the term “indemnity” has a meaning which in law refers to a specific promise: one party agrees to cover prospective losses or damages of the other. It can apply to third-party claims (for example, IP disputes) or to direct costs such as investigations and legal fees, with clear rules on who pays, for what, and up to what limit. Indemnity legal definition For business contracts, the practical indemnity

For founders who are new to firm formation, it’s natural to ask “ What is a certification of incorporation?”  and why it matters for recognition. It is one of the key business formation documents , necessary for judicial activity, concluding “large” contracts, opening a bank account, and fulfilling statutory obligations. This record is primarily issued for an LLC or similar corporate structure, formally recognizing it as a separate entity. At Icon.Partners , we guide business

In 2025, innovators are seeking not just a place of registration but a genuine springboard for growth. The choice of jurisdiction affects almost everything — it's a real game-changer. We have analyzed the key factors to present you with the top five leaders that offer the best conditions for tech visionaries. Why Jurisdiction Matters for IT Startups Every founder planning to set up an IT company has to understand that the right jurisdiction can be a real boost, providing them

Definition of correspondent banking Correspondent banking is a cooperation between two banks, where one (the correspondent) helps another (the respondent), which does not have branches abroad, to make international payments and currency transactions. This involves opening correspondent accounts with partner banks, which allows customers to make transfers almost as easily as within their own country. What is an intermediary bank? This is an intermediary bank that acts as a “br