In these difficult economic times, SMEs all over the country are undergoing radical and profound change. Sometimes, these changes are forced because they come about as a result of the business being distressed. Sometimes, however, profound structural changes come as a proactive choice aligned with a company’s long-term strategy. This is where corporate simplification comes in.

Corporate simplification, as its name suggests, is a way of simplifying corporate structures that have become overly complex, usually because of tax planning, acquisition, and legacy corporate entities. It can take a number of forms, such as the elimination of legacy entities that serve no further economic purpose or simplification of a group structure to reduce cost, risk and the number of jurisdictions in which a company operates. In all cases, corporate simplification results in a cleaner, more cost-effective way of doing business.