What is a corporate service provider?

A corporate provider or company provider has skills and knowledge that are necessary for every business entity at some time throughout their operation. A corporate provider makes sure that a company complies with all applicable laws and norms set forth by the local government where the business is located.

All the legal compliance requirements could be difficult for new businesses. The cost of hiring a company provider may also be prohibitive for small businesses because of the temporary nature of the position.

Typically, a corporate service provider has a section for corporate secretarial services with a group of devoted corporate secretaries. In relation to incorporation-related issues, it can also provide legal and tax advising services.

Corporate providers’ range of duties includes:

• Establishing a private limited company under the Accounting and Corporate Regulatory Authority (ACRA)
• Offering a registered office and mailing address for notices and communications
• Named Company Secretary provision
• Upgrading of the Company's statutory records and registrations
• Submission of any applications, notices, or returns to ACRA
• Resolutions from Directors and Shareholders are written
• Convocation and documentation preparation
• Annual Return filing with ACRA
• Sending reminders about the due dates for filing
• Helping consumers open bank accounts and setting up a meeting with a bank officer