We specialize in delivering comprehensive solutions to meet the diverse needs of your business. As a trusted partner, we understand the intricacies of corporate requirements, offering a range of services tailored to enhance your operational efficiency and compliance.
Our dedicated team ensures that your company navigates the complex landscape of legal and administrative obligations seamlessly. From company registration and compliance management to payroll administration, we handle the essentials, allowing you to focus on your core business activities. With a commitment to accuracy, timeliness, and professionalism, we strive to be the backbone of your corporate success.
Magical Solutions, we pride ourselves on being more than just a service provider. We aim to build lasting relationships with our clients, understanding their unique challenges and offering customized solutions. Whether you’re a startup or an established enterprise, our corporate services are designed to adapt and scale with your business, fostering growth and sustainability.
Business advisory service
A Business Advisory Service offers guidance to clients regarding the present and future trajectory of their company, aiming to enhance the prospects of the enterprise. Widely applied across diverse industries, this service entails (i) scrutinizing pertinent legal, tax, financial, market, and/or risk factors, followed by (ii) providing advice on start-up initiatives (including company formation) or, more frequently, ongoing strategic and operational enhancements for the business.
Company incorporation
Company incorporation involves the formal establishment of a company within its country of residence, with legal processes varying across jurisdictions. International corporate service consultants, like our firm, specialize in facilitating the incorporation process in the specific country of interest. Upon successful application, the company is issued a certificate of incorporation, validating its existence under the registered name provided.
Registered agent (for offshore companies)
A registered agent, alternatively referred to as a resident agent[4] or statutory agent,[5] is a designated business or individual responsible for receiving service of process (SOP) when a business entity is involved in legal actions such as lawsuits or summons. Some instances of related services encompass:
- Compliance services
- Business licensing
- DBADoing Business As filings.
- Preparation and filing of reports that must be filed from time to time (Annual, Biennial, etc.)
Finance and banking
Corporate services, including finance and banking, were initially introduced to alleviate the burden on the client’s organization when addressing intricate banking and finance matters. The consultancy offers specialized information and guidance for proper financial management, and in some cases, can assist in establishing a corporate bank account for clients. Some illustrations of customized services comprise:
- Corporate bank accounts
- Offshore bankaccounts
- Multi-currency accounts
- Brokerageaccounts
- Private banking
- Corporate loanapplications
Accounting and tax services
Accounting and tax services prove beneficial for companies seeking to delegate their fundamental tasks. These services encompass the preparation and submission of essential documents required by authorities related to business practices. Some fundamental services comprise:
- Payroll
- Maintaining cash flowbooks
- Tax registration
- Tax returns
- Corporation tax
Investment and stock exchange
Corporate services, such as market research for investment and risk assessment, are tailored to assist clients in making informed financial decisions. Safeguarding intellectual property is viewed as a strategic investment, and certain consultancies may provide guidance in this domain as well. Likewise, stock exchange services can deliver specialized reports on historical, present, and projected stock market trends, complemented by personalized analyses.
Offshore bundled services
Local Corporate Service Providers (CSPs) typically provide packaged essential services to assist in fulfilling tax residency tests, such as those related to the “central management and control” criteria for entities like brass plate companies, shell companies, or other special-purpose vehicles established in the jurisdiction. These service providers are commonly situated in either offshore financial centers or onshore financial centers. Standard services offered encompass:
- Maintain books and records
- Compiling annual accounts
- Conducting annual audits
- Filing tax returns
- Providing local Directors
- Providing registered officeaddress
- Providing meeting rooms for Board meetings
Legal aspects
Under normal circumstances, corporate service providers typically refrain from serving as trustees for the clients to whom they provide services. This approach is adopted to preserve the integrity of the client organization and its capacity to independently navigate legal proceedings, minimizing potential risks for the corporate service provider. This practice is implemented to safeguard the legal standing of the client as a corporate entity.
Exceptions to this general practice may arise in situations involving litigation or corporate bankruptcy filings, where the client’s enterprise entity is legally incapacitated and unable to represent itself in a court process. In such rare cases, the corporate service provider might opt to act as a trustee for the client.