Reparative measures may have been taken to remedy the Companies and Intellectual Property Commission hack, which reportedly took place on 29 February 2024 however, this information breach may have long-lasting and detrimental effects!
With the rise in cyberattack threats and data breaches, it is fast becoming common practice to entrust your corporate secretarial needs to an external team of specialists. This serves to ring-fence the information at risk, and especially since the external firm will be utilising their bank account for all your CIPC needs.
Dealing with foreign directors and members adds another layer of complexity to compliance requirements. Navigating the intricate legal landscape of a foreign jurisdiction can be overwhelming without the correct tax, legal and regulatory guidance.