A corporate secretarial firm is tasked with handling the day to day administrative affairs expected of a company secretary. They will handle all compliance and regulatory matters in relation to the current law in in force in the country, ensuring that the company’s administrative requirements are up to par. But when it comes to handling the incorporation of a company, it will not exactly fall within the purview of a company secretary but allowing a corporate secretarial firm to handle the matter would serve in the best interest of the company.
The regulatory process that is needed to be abided by, varies in every country but, more often than not, it is quite a lengthy and somewhat complicated procedure. The advantage of hiring a professional firm which specialise in such matters to oversee the process is that they have the knowledge, experience and insight into what exactly needs to be done and when and where to do it. This will prove to be extremely advantageous to international companies wanting to set up in a foreign country. Corporate secretarial firms will be able to not only begin the incorporation proceedings but they will also be able to handle any visa requirements of employees such as employment pass and work permits.
While the incorporation process would not be so complicated as to confuse any legal advisor one might hire, to go with a corporate secretarial firm would prove beneficial as it is one of the services provided by most firms. This would mean that they are up to date and aware of all the legal and procedural necessities making the whole process go a lot smoother for the clients. They will also be well versed in connecting matters such as taxation laws and employment pass and be able to assist in the matter. The fact that they have previous experience in related matters would mean that they will know what exactly to expect and what mistakes no to make unlike a newcomer who would not be able to foresee all the shortcomings of the process. Thus the combined experience, knowledge and skill of a number of trained professionals will be an added advantage.
Incorporation matters can never be taken too lightly regardless of the state of your organization. Should the process be followed incorrectly, then you could possibly have a gross illegality on your hands causing more grief. Therefore, it would serve in your best interest to hire a professional to take care of the incorporation, especially if you are trying to set up in a foreign country and have not yet established a base in that province yet.