The process of incorporation of the companies is the supreme challenge of any new business. The corporate secretarial service companies offer key insights into the formation of companies or subsidiaries. The corporate secretarial service firms offer assistance related to the incorporation of various types of entities. These firms help in the preparation of the articles for the incorporation and the legal documents that are required for the purpose of registration. Further, the corporate secretarial services firm aids in the application filing of the registration for trade registry. Apart from these, assistance related to the registration of fiscal authorities including CIT, VAT, and others, business license registration, bank account & share capital registration, legal compliance, and other aspects are handled by the corporate secretarial service companies.
In the corporate scenario, it is observed that at times, the best decision a company could make is to merge with other entity. An advisory firm for mergers & acquisitions offers advice on corporate M&A and divestitures, and also on equity financing and debts. These advisory firms match the prospective buyers with the businesses for sale. The services offered by these firms include the creation of a memorandum of information, valuation of the business, prospective buyer identification, provision of negotiation of sale & purchase agreement, providing assistance, and providing resolutions to the transactions. The firms offer industry-specific knowledge and help in creating a structured plan for the company. Also, these firms provide advice and assistance until the closure of the deal. The management of subsidiaries and meeting the specified corporate requirements for a single foreign subsidiary becomes challenging. The corporate secretarial firms provide assistance in such challenges and simultaneously handle the compliance and governance issues for the subsidiaries.
With the developments in trade and industrialization paired with technological advancements for managing the subsidiaries is booming the growth of the company and subsidiaries formation segment. Many companies have expanded in the Asia-Pacific region owing to ease of doing business, cheaper labor costs, and lucrative growth environment for manufacturing and other sectors. The subsidiaries management and meeting the specified corporate requirements for a single foreign subsidiary becomes challenging. The corporate secretarial firms offer assistance in such a challenging environment and simultaneously handle the compliance and governance issues for the subsidiaries.
The global corporate secretarial services market has been segmented on the basis of service type and end user. For the corporate secretarial services market, some of the widely used services have been broadly segmented into company & subsidiaries formation, compliance services, statutory record maintenance, corporate housekeeping, share capital assistance, advice & assistance, and others. Further, the corporate secretarial services market has been segmented on the basis of end-users into listed companies, private firms, charity, and others. Geographically, the Corporate Secretarial Services Market is categorized based in five strategic regions namely; North America, Europe, Asia Pacific, Middle East, and Africa and South America.
The key industry players operating in the corporate secretarial services market globally include TMF Group, PwC, Deloitte, Mazars, KPMG, MSP Secretaries, Luther Corporate Services Pte Ltd., Tricor Group, Ernst & Young, and Ecovis among others. Several other participants are also operational in global corporate secretarial services market that offers customers with robust services, thereby catalyzing the demand of the Corporate Secretarial Services Market.