An IT and software agency or consultancy is a business that provides professional services related to information technology and software development. These services typically include programming, consultancy, and related activities such as designing, modifying, testing, and supporting software, planning and designing computer systems that integrate hardware, software, and communication technologies, customising software to fit clients’ specific needs, and providing on-site management and operation of clients’ computer systems and data processing facilities.
These agencies are typically staffed with experts in various IT disciplines, including software development, system administration, network security, and database administration, and they work with businesses of all sizes to help them optimise their use of technology.
The business activities that fall under IT And Software Agency / Consultancy are:
Computer Programming, Consultancy and Related Activities (6200.00): This involves providing a wide range of services related to information technologies, including software development, system design and integration, software testing and support, and on-site management of computer systems and data processing facilities. It also covers other professional and technical computer-related activities such as consultancy, training, and guidance on hardware and software solutions to help businesses make the most effective use of information technology.
- Third-party Approval: No third-party approvals are required for this business activity.
- Filing of Economic Substance Return: Business activity 6200.00 is required to fulfill this requirement.
- Anti-Money Laundering Compliance: Business activity 6200.00 is exempt from this requirement.
Computer Programming Activities (6201.00): This involves the writing, modifying, testing and supporting of software, which are essential services provided by IT and software agencies/consultants. These professionals have expertise in designing the structure and content of software, creating and implementing systems software, software applications, databases, and web pages. Moreover, this activity includes customising software to fit the client’s specific needs, while modifying and configuring existing applications so that they can be functional within the client’s information system environment. This is an essential aspect of IT and software consultancy services, as it helps businesses to improve their operational efficiency by optimising the software they use.
It is worth noting that this activity excludes publishing packaged software, as it is not related to the consultancy aspect of IT and software services. Additionally, it does not include planning and designing computer systems that integrate computer hardware, software and communication technologies.
- Third-party Approval: No third-party approvals are required for this business activity.
- Filing of Economic Substance Return: Business activity 6201.00 is required to fulfill this requirement.
- Anti-Money Laundering Compliance: Business activity 6201.00 is exempt from this requirement.
Computer Consultancy and Computer Facilities Management Activities (6202.00): This activity involves planning and designing computer systems that integrate hardware, software, and communication technologies, providing on-site management and operation of clients’ computer systems and data processing facilities, and related support services. They may also provide hardware and software components as part of their integrated services, install the system, and train and support users. This business activity excludes the separate sale of computer hardware or software, separate installation of mainframe and similar computers, separate installation of personal computers, and separate software installation.
- Third-party Approval: No third-party approvals are required for this business activity.
- Anti-Money Laundering Compliance: Business activity 6202.00 is required to fulfill this requirement.
- Anti-Money Laundering Compliance: Business activity 6202.00 is exempt from this requirement.
Other Information Technology and Computer Service Activities (6209.00): This includes other information technology and computer-related activities not elsewhere classified. It covers services such as computer disaster recovery, installation (setting up) of personal computers, and software installation. This activity is complementary to other IT and Software.
Agency/Consultancy activities as it provides additional services that are not explicitly covered by those categories. For example, if a client needs help setting up personal computers or installing software, this activity provides those services.
- Third-party Approval: No third-party approvals are required for this business activity.
- Filing of Economic Substance Return: Business activity 6209.00 is required to fulfill this requirement.
- Anti-Money Laundering Compliance: Business activity 6209.00 is exempt from this requirement.
