If you have incorporated a company in Oman or are having plans to do so, you need to follow the corporate law of Oman. The corporate secretarial services deal with the following of all the rules and regulations set by the government and help to understand the various the various legalities of the government which the company should follow.
The information ahead should give you a clear picture as to what company secretarial services are and what are the benefits of outsourcing them.
What are Corporate Secretarial Services?
Whenever a company is setup, it needs to abide by the rules and laws of the country. The corporate secretarial function helps in the understanding and compliance of the various regulations of the countries’ government.This is where the secretarial services come in the picture. Every company requires corporate secretarial services, no matter the size of the company. Corporate secretaries are usually advocates or business professionals that have in-depth knowledge of the law of the land and help the business in the compliance of the said laws.Corporate or company secretarial servicesusually pertain to administrative tasks such as holding annual general meetings (AGM) or the filing required documents with the relevant government agencies.
What is meant by Outsourcing of CS Services?
Earlier in the day, companies preferred to keep an in-house corporate secretarial service, but now this trend has changed. Now most of the companies’ favour outsourcing of this service as they now realise the benefits. This means that instead of hiring a team of company secretaries and keeping them in-house, the business outsources this service to another party outside the premises of the company. Once it was considered as an expensive choice for business but now the companies have come to an understanding that the benefits outweigh the costs. Let’s have a look at the advantages of outsourcing of the company secretarial services.
Advantages of Outsourcing Corporate Secretarial Services:
The company secretarial services are essential and are very crucial for the survival of every company. The benefits of outsourcing the function are enumerated below:
1.Proper Focus on Business Activities
Outsourcing the secretarial services means that the company is now relieved from the matters of company registration and compliance and can entirely focus on the development of the business by properly channelling their time and energy.
2.Conformity with the Law
The other party has an in-depth knowledge of the laws and has much experience in understanding the services required by the business. Therefore, all the procedure is performed with significant expertise and efficiency.
When this service is outsourced, the cost of hiring and training the staff, cost of infrastructure, overhead taxes etc. are saved without any compromise on the quality of work. This money can be utilised in the development of the business.
4.Can be Relied Upon
Since the firms to which the corporate secretarial services are outsourced are solely focused on the providing of this service, they tend to gain a level of competence which enables them to do things quickly and with a degree of expertise.
5.Not Influenced by any Office Politics
The results of the service which has been outsourced cannot be influenced by any office politics or any employee relationship.
Thus, we can see that the advantages of outsourcing the company secretarial services are far more than having an in-house team of company secretaries. The outsourcing firms have dedicated and proficient teams to ensure that the duties related to corporate secretarial services are accomplished with efficiency. Moreover, these outsourcing companies also offer a wide variety of services that are specifically tailored as per the requirements of an organization.
Business Setup Worldwide is one such firm which will not only provide you with the company secretarial services but will also help in the development of your business by providing various other services regarding business incorporation, taxation, VAT etc. For any more details concerning the services we offer, do contact us. We would be happy to help you out.