Though a relatively small city-state, Singapore stands out in the Asia-Pacific region due to numerous factors; political stability, accessibility, pro-business government policies, and more. Locals, foreigners, or company representatives who are keen on setting up a company in Singapore must comply with the legislation outlined under the Companies Act – one of which is to appoint a company secretary.
What are Corporate Secretary Services?
Corporate secretary services encompass a broad spectrum of duties essential for maintaining the statutory compliance and governance of your business. These services include:
- Ensuring compliance with Singapore’s Companies Act, which mandates the appointment of a company secretary within six months of company incorporation.
- Facilitating board and annual general meetings, including preparing and filing necessary documents and minutes.
- Managing changes in company structure, such as directorships or company details, and maintaining statutory registers.
- Assisting with compliance deadlines and filings, ensuring your business stays ahead of regulatory obligations.
Why is a Corporate Secretary Important?
A corporate secretary is the linchpin in ensuring your company’s compliance with local laws and regulations. Their scope of responsibilities may include:
- Hold and attend Board of Director Meetings/Annual General Meeting (AGM)
- Handle appointments as well as resignation of company Directors/Auditors/Officers
- Apply for change in business activities/financial year-end
- Update the Statutory Registers Books
- Apply for change in company name/address
- Reminders before compliance deadlines
- Prepare and file annual returns
- Take minutes during AGMs
The exact processes they do will depend on the nature and size of the business, as well as what is agreed upon with the external corporate secretary services provider.
Why Outsource Your Corporate Secretarial Services?
Businesses can decide between appointing a company secretary of their own and outsourcing their job. Before doing so, here are a few things to consider before choosing one that suits the company’s needs:
Appointing a secretary internally:
- A presumably higher trust when you select an existing employee or Director as the company secretary.
- The ability to select an individual familiar with the company’s way of work.
- Training may be required to qualify the staff.
Outsourcing a company secretary:
- While a corporate secretary may be considered an outsider to the company, they can still be legally liable for the organisation’s non-compliance while acting in the company’s best interests.
- The ability to hire a secretary who is highly skilled and familiar with the compliance processes needed for your company.
- You can save time and money instead of training the secretary from the ground up.
Benefits of Outsourcing Corporate Secretarial Services
Choosing to outsource your company secretary services to providers like OneStop Professional offers significant benefits:
- Professional Expertise: Our team comprises qualified professionals who bring a wealth of experience and practical solutions, ensuring your business meets all compliance requirements efficiently.
- Operational Flexibility: Outsourcing allows you to scale secretarial services as needed, allowing you to adapt swiftly to business changes or growth phases.
- Cost Savings: Most businesses in Singapore do not require a full-time secretary. Outsourcing allows for substantial cost reductions without compromising the quality or timeliness of secretarial duties.
Why Choose Us
Engaging our corporate secretary services in Singapore may benefit your company in the following ways:
- Rapid Processing Times: Our streamlined processes ensure your secretarial and compliance needs are met with agility and precision.
- Expert Knowledge: Our team is well-versed in Singapore’s company laws and corporate governance, ensuring your business is aligned with the latest regulatory requirements.
- Comprehensive Service Offering: Beyond secretarial services, we offer a suite of corporate solutions, including corporate tax filing, accounting, and bookkeeping, designed to simplify your operational needs.
Pricing
Our corporate secretarial services are tailored to your business needs and monthly revenue. The fee is S$720, inclusive of the appointment of the company secretary and the Annual AGM Filing. Do take note that ad hoc company secretary services will be charged separately.
Customise your package to suit your business needs:
Services Included | Starter S$600 | Standard S$980 | Premier S$3,100 |
---|---|---|---|
ACRA Fee for Name Application & Company Incorporation (S$315) | ✅ | ✅ | ✅ |
Company Business Profile and Constitution (Including Memorandum and Articles of Association) | ✅ | ✅ | ✅ |
First Board of Director Meeting | ✅ | ✅ | ✅ |
One Round Company Stamp (Self-Inking) | ✅ | ✅ | |
Email reminder for statutory deadlines | ✅ | ✅ | |
12 months company secretary services | ✅ | ✅ | |
ND Services For 12 Months | ✅ | ||
12 months registered address services | ✅ |
*Prices may vary based on transaction complexity and the specific needs of your business. Monthly, quarterly, semi-annual, and annual packages are available for greater flexibility. Please click here for more information on our packages or to view additional pricing and services.