What is considered a 'High-Risk Jurisdiction' for a Bonchon franchisee?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
"High-Risk Jurisdiction" means any jurisdiction or administrative region that Stripe has deemed to be of particularly high risk, as identified on the Stripe Restricted Business List.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, a 'High-Risk Jurisdiction' is defined as any jurisdiction or administrative region that Stripe (the payment processing service) has deemed to be of particularly high risk. Bonchon identifies these jurisdictions on the Stripe Restricted Business List.
This definition is relevant to Bonchon franchisees because they are prohibited from using or exporting Stripe Technology to individuals or entities residing in High-Risk Jurisdictions. They are also prohibited from being located in or organized under the laws of any High-Risk Jurisdiction, being a High-Risk Person, or being owned 50% or more by individuals or entities located in High-Risk Jurisdictions or who are High-Risk Persons.
It is important for prospective Bonchon franchisees to review the Stripe Restricted Business List to ensure they are not in violation of these restrictions. Failure to comply with these export control regulations could result in a breach of the franchise agreement.