In forceUpdated to 9 Jun 2025

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Corporate Service Providers Act 2024 · Updated to 9 Jun 2025 · Part 2 · Regulation of Provision of Corporate Services

9. Criteria for registration or renewal of registration of corporate service providers

(1)

The Registrar must refuse to register, or to renew the registration of, a corporate service provider —

(a)

unless the applicant is one of the following:

(i)

an individual, or a partnership, registered under the Business Names Registration Act 2014;

(ii)

a company;

(iii)

a limited liability partnership;

(iv)

a limited partnership;

(b)

unless the applicant meets at least one of the following criteria:

(i)

the applicant (being an individual) is a registered qualified individual;

(ii)

at least one partner of the applicant (being a partnership, limited liability partnership or limited partnership) is a registered qualified individual;

(iii)

the applicant employs, engages or appoints at least one registered qualified individual to provide corporate services for, or supervise the provision of corporate services by, the applicant;

(c)

if the Registrar is satisfied that any key appointment holder of the applicant is not a fit and proper person;

(d)

if the applicant is an individual who has not successfully completed a prescribed course or training;

(e)

if the applicant is not an individual — any key appointment holder of the applicant has not successfully completed a prescribed course or training; or

(f)

if the applicant has had a previous registration as a registered corporate service provider cancelled under section 19(2) or (3) less than 2 years before the date of the applicant’s application for registration as a registered corporate service provider.

(2)

In determining for the purposes of subsection (1)(c) whether any key appointment holder of an applicant is a fit and proper person, the Registrar may consider such factors as may be prescribed.

Terms defined in s 2

company
Defined · s 2
“company” and “corporation” have the meanings given by section 4(1) of the Companies Act 1967;
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corporate service provider
Defined · s 2
“corporate service provider” means a person who carries on a business of providing any corporate service;
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key appointment holder
Defined · s 2
“key appointment holder”, in relation to any person (X), means any of the following persons:(a)where X is a sole proprietorship — the sole proprietor;(b)where X is a partnership or limited partnership — a partner of the partnership or limited partnership;(c)where X is a company —(i)a member of the board of directors; or(ii)an individual for the time being holding the office of chairperson or chief executive officer of the company;(d)where X is a limited liability partnership — a partner or manager of the limited liability partnership;(e)any person, other than a person mentioned in paragraph (a), (b), (c) or (d), by whatever name called, who is principally responsible for the management and conduct of X’s business activities in providing corporate services;
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limited liability partnership
Defined · s 2
“limited liability partnership” means a limited liability partnership registered under the Limited Liability Partnerships Act 2005;
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limited partnership
Defined · s 2
“limited partnership” means a limited partnership registered under the Limited Partnerships Act 2008;
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registered corporate service provider
Defined · s 2
“registered corporate service provider” means a corporate service provider who is registered under this Act, and includes —(a)a deemed registered corporate service provider; and(b)a person who is treated under section 42(3) as registered under section 8 as a registered corporate service provider;
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registered qualified individual
Defined · s 2
“registered qualified individual” means a qualified individual who is registered under this Act, and includes —(a)a deemed registered qualified individual; and(b)a person who is treated under section 44(1) as registered under section 10 as a registered qualified individual;
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Registrar
Defined · s 2
“Registrar” means the Registrar of Corporate Service Providers appointed under section 5(2)(a), and includes any Deputy Registrar or Assistant Registrar;
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registration
Defined · s 2
“registration” means registration of a registered corporate service provider or registered qualified individual, as the case may be;
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