Vienna · AustriaWONE Global Partner · Austria
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Cases · Business & ownership · Corporate ownership & governance
Keep the entity in good standing
How do we keep our foreign company compliant with the registry every year?
WONE Global sets up a compliance calendar for each entity, brings late filings up to date with the local professional and keeps registered office, director and records requirements met.
Countries in the typical case Canada · Hong Kong
The situation
What is happening
What is at stake
Missed filings lead to fines, director liability and, eventually, the company being struck off with its bank account frozen.
A scenario
Industrial groupCorporation · from Canada · in Hong Kong
It finds that its Hong Kong subsidiary has not filed annual returns for two years. Fines are building, and the bank has started asking questions.
Where it ends A subsidiary back in good standing, and a calendar that keeps it there.
A representative scenario of the work WONE Global coordinates, not a specific client’s matter.
Also asked as “What annual filings does our subsidiary abroad need?”“Our company abroad missed its annual return. What now?”“Our company secretary missed important filings”“A subsidiary has fallen behind on its annual accounts”
The solution
How WONE Global handles it
WONE Global sets up a compliance calendar for each entity, brings late filings up to date with the local professional and keeps registered office, director and records requirements met.
Usually led by Corporate & Entity Services, with Accounting, Reporting & Statutory Compliance and Legal & Contracting.
Step by step, in the scenario
- Day 1WONE Global confirms what is overdue with the registry.
- Week 1Late filings and accounts prepared with a local professional.
- Weeks 2-4Filed, penalties settled, records updated, bank informed.
- ThenA compliance calendar for every subsidiary.
Timings are typical. They depend on the countries, the authorities involved and how quickly documents are available.
Decisions
The decisions involved
- 01Which annual filings, renewals and meetings are due
- 02Who in the group signs and who locally files
- 03What happens if a deadline is missed
Outcomes
What you receive
- An entity-maintenance calendar
- Annual returns and resolutions filed
- A good-standing confirmation when needed
This is a general guide. Your WONE Global professional confirms the work, timing and fees for your markets before anything starts.
Services
The services involved
One area of expertise usually leads; the others move with it. WONE Global keeps them connected across every country involved.
Who handles it
Corporate & Entity Services, market by market
The status of the lead service in the markets that matter for this case. A named WONE Global Partner acts under their own licence; where none is in place yet, WONE Global confirms availability before anything else.
- Canadain the typical case On request Availability confirmed before any work begins Bring a requirement →
- Hong Kongin the typical case On request Availability confirmed before any work begins Bring a requirement →
- Austria WONE Global Partner Mag. Mario Haider · Tax Consultant Brief this Partner →
- Ireland WONE Global Partner Kevin McSharry · Managing Director Brief this Partner →
- Rwanda WONE Global Partner Lydie N. Murorunkwere · Founder & Managing Director Brief this Partner →
- South Africa WONE Global Partner Johan Beer · Partner Brief this Partner →
- Spain WONE Global Partner Darragh Brady · Partner CIB Finance Brief this Partner →
- United Arab Emirates WONE Global Partner Dr Hajra Nazir · Head Corporate Advisory / Consultancy Division Brief this Partner →
- Zambia WONE Global Partner Gerald Zimba · Director Brief this Partner →
- India On request Availability confirmed before any work begins Bring a requirement →
- Saudi Arabia On request Availability confirmed before any work begins Bring a requirement →
- Singapore On request Availability confirmed before any work begins Bring a requirement →
- United Kingdom On request Availability confirmed before any work begins Bring a requirement →
- United States On request Availability confirmed before any work begins Bring a requirement →
Other markets: WONE Global covers 100 countries. Name yours in the requirement →
Vienna · Austria
Galway · Ireland
Kigali · RwandaWONE Global Partner · Rwanda
Lydie N. Murorunkwere
Lydie is the Founder and Managing Director of ML Corporate Services Ltd and the first Chairperson of the Rwanda Trust Companies Association (RTCA).
Pretoria · South Africa
Barcelona · Spain
Dubai · United Arab EmiratesWONE Global Partner · United Arab Emirates
Dr Hajra Nazir
Discover
Where this case connects
The markets, corridors and guides behind this case, and the questions to put to Ask WONE below. Every link opens a page that links back here.
Markets in the typical case
Services and subject
Ask WONE about this case
Worked examples
How it goes in practice
Researched corridor journeys, and representative scenarios on the same subject. None is a specific client’s matter.
- Mid-sized company · from Kuwait · in United Arab Emirates, United Kingdom, EgyptA director has resigned from three subsidiaries, and the banks will not act on instructions until the records are updated.How WONE Global handles it →
- Corporation · from France · in MoroccoIt is forming a 50/50 joint venture with a Moroccan group for a solar project.How WONE Global handles it →
- Mid-sized company · from United Kingdom · in IndiaIt is expanding to India through a master franchise.How WONE Global handles it →
Corporate ownership & governance
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WONE Global Intelligence
Ask about doing business across borders
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