Appoint Corporate Secretarial Services Singapore For Effective Compliance
When do the entrepreneurs need to hire a company secretary? It is right when they are incorporating a new company in Singapore. It is one of the pre-incorporation requirement. However, the foreigners and local business owners may not be able to hire one in time. The corporate secretarial services Singapore provides an elegant solution to them. Getting the services as a part of combo package works like a charm for those working with a restricted budget.
Looking for Affordable Secretarial Services in Singapore
A number of company secretarial services Singapore like SBS Consulting offer combo incorporation packages and try to make the registration of a new company affordable for the entrepreneurs. They offer more than one service at the cost of one. A 3-in-1 package may offer them incorporation, company secretary, and registered local office address services. The additional services come FREE for the first year.
Company Secretary and Starting a New Business in Singapore
The corporate secretarial services Singapore assigns qualified and highly competent professionals to their clients. The secretaries assist them in applying to ACRA (Accounting and Corporate Regulatory Authority) for the registration of their Singaporean companies. They also provide assistance for converting sole proprietorships and partnerships to private limited companies. You can also get the secretarial services in Singapore as a standalone service, and it may cost you around S$299 for a year.
The secretaries assist in the taking your corporate governance and statutory compliance to a greater height. They can see the yearly filing of accounts, liquidation of business entities, etc. They also provide their services to the foreign corporates for the registration of their Singaporean Subsidiary company, Branch Office, or a Representative Office.
Outsource Company Secretarial Services Singapore
As per the Singaporean Company Law, every incorporated company must appoint at least a company secretary within the six months of its incorporation date. These firms, in general, take care of yearly compliance & non-routine corporate matters of your company. The current trend is to outsource the responsibility to the corporate secretarial services Singapore. It also makes sense to do so, as, the task is a non-core task, meaning, it does not produce any revenue or profit for your concern.
Let the Secretary Worry About Your Compliance
The company secretarial services Singapore can take care of the following tasks for you:
Company Secretary Shields Management from Distractions
Appointing a company secretary, no doubt, is an added expense for the small and sole business owners. A number of them think it wasteful. However, this is not true. The company secretarial services Singapore, truly, sets you free from having to divide your attention between the compliance responsibilities and the needs of your business. The secretary appointed by your chosen services provider acts as an interface between the company and the regulating authorities like ACRA, IRAS, MOM, etc.
Being a company secretary is not a cozy job. The authorities take the appointee as one of the stakeholders in the company. As per the Company Law, directors are responsible for their company's statutory compliance. They may have to pay if they fail to discharge the responsibility.
Similarly, the authorities hold secretaries responsible for the laxness in duty or the purposeful breach of the law. That is why business owners are favoring corporate secretarial services Singapore over doing the task as a DIY exercise or hiring an in-house secretary. They are quite happy to pay the affordable fees and let the qualified and experienced professional work at keeping them compliant.