Baker Tilly offers a range of administrative support services that primarily encompass support corporate services to business entities, which require in-depth knowledge and experience in laws and legislations on one hand, and on the other hand effective communication with governmental authorities to process the relevant procedural transactions, which such business entities may not have attained.
Added value to business entities from engagement of Corporate Services
- Help entities grow their business and focus on their core activities; and
- Minimize various risks through ensuring that support services delivered are in compliance with legal and regulatory requirements.
Services provided by Baker Tilly:
New investors or existing companies in the State of Kuwait or from abroad would need to incorporate new entities to enable them to carry on their business according to the applicable legislations of the State of Kuwait.
In this context, Baker Tilly provides corporate services related to the incorporation of entities relying on its extensive knowledge of legal and administrative formalities of the incorporation process in accurate and swift manner. Further, Baker Tilly offers relevant services such as the amendment of memorandum of association or articles of association, renewal of business licenses and all legal and regulatory documents required for any entity to carry on its business.
Baker Tilly offers its professional services related to the incorporation procedures in accordance with the applicable legislations of the State of Kuwait.
Technical Advice to Board of Directors
In light of the role assigned to the boards of directors to monitor and approve the systems and regulations governing the business management within business entities, the board of directors need to engage a specialist firm with extensive knowledge of all legislations related to the organizational and regulatory authorities, and the applications thereof.
In this connection, Baker Tilly provides the technical advice to the Board of Directors on annual engagement basis including attendance of the board meetings and provision of technical advice and opinion about all organizational activities raised by CEO.
Capital Increase or Reduction
The boards of directors make decisions to increase or reduce the share capital of their companies resulting in the need to conduct the relevant studies in addition to a set of formalities with the concerned authorities to reflect the capital increase or reduction in the company’s official documents.
In this context, Baker Tilly provides the capital increase or reduction services through specialists with extensive expertise and knowledge in this area.
In the course of their business, entities may be exposed to disputes among the partners. In such case, to avoid hardships and instability, a receiver is appointed over the Company from among those who have knowledge and experience in business management either through amicable agreement or under court judgment. The receiver manages the entity’s affairs as per the agreed terms.
Baker Tilly offers its professional services related to the receivership in accordance with the applicable legislations of the State of Kuwait.
The existing entities may encounter difficulties in the course of their business or the partners may decide to terminate the entity’s operations. In both cases, an entity shall be liquidated in accordance with the procedures set out in Companies Law. The corporate liquidation would be voluntary under a resolution by the partners or compulsory under a court judgment.
Baker Tilly offers its professional services related to the corporate liquidation in accordance with the applicable legislations of the State of Kuwait.
Some individuals carrying on trade business may be exposed to a situation of default. In such case, the merchant either voluntarily engages a person with expertise in bankruptcy process to help them administer it as per formalities or is subject to bankruptcy judgment passed by a court. The bankruptcy administrator is appointed under a court judgment.
Baker Tilly offers its professional services related to the bankruptcy administration in accordance with the applicable legislations of the State of Kuwait.
Corporate services include other several services in addition to those mentioned above including but not limited to capital increase or reduction, general meeting procedures administration, etc.