Legal entity maintenance

The risks associated with non-compliance have never been greater with directors vulnerable to the possibility of fines or other legal actions being taken against them if statutory legal compliance deadlines are not met. Further, the potential damage to a company’s reputation for non-compliance cannot be underestimated.

With its unique global network and access to corporate secretarial specialists in over 80 territories, the PwC Legal Services network can assist you in meeting these deadlines and negating such risks. Based on a fixed fee approach, we can help you ensure the corporate secretarial compliance requirements of your worldwide subsidiaries are being met in a timely manner.

Although each jurisdiction will have its own requirements (which our in-country specialists can advise upon), at its core, our compliance offering is based around the following:

• maintenance of statutory registers and minute books;
• preparation and submission of any statutory corporate secretarial returns required on an annual basis;
• preparation of resolutions to approve the annual financial statements by directors and shareholders;
• submission of annual financial statements to the local registry, court, chamber of commerce or equivalent;
• the timely payment of any government fees that are required on an annual basis such as business licence renewal fees;
• provision of a Registered Office where necessary to meet domiciliation needs; and
• provision of a nominee secretary or local agent service where necessary.

Global compliance coordination

Whereas previously you may have been dependent on disparate service providers with varying levels of quality, the PwC Global Compliance Services network provides access to in-country expertise which can be coordinated by dedicated corporate secretarial specialists. We can be flexible in our approach and our relationship managers can mirror your legal structure where you have regional hubs of authority in place. This provides you with a single point of contact and ensures consistency in quality, fixed and visible costs, access to quality corporate information and a coordinated and consistent global compliance solution.