Benefits of Outsourcing Compliance and Company Secretarial Requirements
Compliance and company secretarial requirements are an obligation for every Irish company. As a result, the responsibilities and duties of the company secretary are vital for the company’s continuation. We have therefore put together the benefits of outsourcing compliance and company secretarial requirements.
Over recent years there have been various enhancements in company law such as the New Companies Act 2014. So it goes without saying that staying on top of the new compliance obligations has high importance for Company Directors. With the number of obligations arising from a compliance point of view for all types of companies, Large, small and even startups are outsourcing their compliance and company secretarial requirements.
So what are the benefits of outsourcing compliance and company secretarial requirements with City Trust?
- Our extensive knowledge and experience of our skilled individuals & Team who all possess a high level of training in company secretarial and compliance matters will ultimately benefit your company.
- Reduced risk around compliance and confidence that all requirements will be completed as laid out by the CRO and other regulatory deadlines.
- The protected public image of your company that may arise from the non-compliance with company law requirements. You would have a dedicated company secretary contact who is responsible for providing you with updates. You can be confident that your reputation with regulators always remains positive and intact.
- Allows for better efficiency in your company as employees can concentrate solely on their core work remit.
- Outsourcing will lead to financial savings with regards to employment, equipment and office space.
- You can specify the required company secretarial services and in turn, only get the services you need.
- Your company avoids the costs and need for recruitment or upskilling staff to complete this work.
- Your board of directors are kept abreast of all corporate governance matters through ongoing updates.
- Always come here to speak with and deal with any particular matter that might arise when completing time-sensitive transactions for example.
It is always a daunting experience outsourcing tasks from your company. But you can rest assured that the transition is very fluid and one which City Trust has plenty of experience in. We ensure confidentiality and security also.