Discovering reliable company secretary services in Singapore can be a daunting task. Did you know that it’s mandatory for every company in the Lion City to appoint a corporate secretary?
This article provides an exhaustive guide to help you navigate through and understand the roles of corporate secretaries, how their services can benefit your business, and where you can find the best providers in town.
Ready to unravel this all-important aspect of your enterprise? Let’s dive right in!
Key Takeaways
- Company secretary services in Singapore provide administrative and compliance duties necessary for every business, including preparing meetings, maintaining statutory books, and ensuring governance best practices.
- Corporate secretaries in Singapore play a crucial role in ensuring companies comply with legal and regulatory requirements, maintain company records, and manage important corporate documents.
- Outsourcing corporate secretarial services offers the advantages of experienced professionals who provide compliance support and consolidated document management.
- Osome offers tailored plans for company secretary services in Singapore, providing essential, unlimited, and full compliance options to meet the unique needs of each business.
What Services Does a Company Secretary Offer?
- Statutory Compliance: Company secretaries ensure that the company complies with all statutory requirements, including filing of annual returns, financial statements, and other necessary documents with regulatory authorities like the Accounting and Corporate Regulatory Authority (ACRA) in Singapore.
- Corporate Governance: They advise and assist the board of directors and management in understanding and fulfilling their corporate governance responsibilities, including conducting board meetings and maintaining proper records.
- Documentation: Company secretaries help in maintaining statutory registers, records, and books required by law. They also assist in drafting and filing important documents such as resolutions, minutes of meetings, and shareholder agreements.
- Shareholder Services: They manage share-related matters, including the issuance and transfer of shares, dividend payments, and handling of shareholder inquiries.
- Registered Address: Many company secretarial services in Singapore offer a registered office address for receiving official correspondence, which is a requirement for all companies in Singapore.
- Nominee Services: Some company secretary service providers offer nominee director and nominee shareholder services, which can be useful for companies that require local representation but may not have local directors or shareholders.
- Advisory Services: Company secretaries often provide advice on compliance matters, changes in corporate law, and best practices for corporate governance.
- Filing and Reporting: They prepare and file various documents with government authorities, including annual returns, changes in company structure, and updates to company details.
- Compliance Monitoring: They keep track of deadlines for filing and compliance requirements to ensure that the company does not incur penalties or legal issues.
- Legal Liaison: Company secretaries may act as a bridge between the company and legal advisors, ensuring that legal matters are appropriately managed.
It’s important for businesses in Singapore to engage the services of a qualified and experienced company secretary or a company secretary service provider to meet their regulatory obligations and maintain good corporate governance practices. Failure to do so can result in legal and financial consequences for the company and its officers.
Top Company Secretary Services in Singapore
Osome Pte Ltd
Shift your attention to your core business activities while entrusting your corporate secretary needs to our specialized team. Our committed experts are here to assist your business by ensuring the timely tracking of tax deadlines, efficient document filing, and maintaining compliance.
| Website | https://osome.com/sg/ |
| Fees | Starting from $300 onwards |
| Contact | (+65) 6589 8807 |
| Address | 77 Robinson Road #33-01 |
Rikvin Pte Ltd
Rikvin is a leading corporate services provider in Singapore. With a team of experienced professionals, they offer a wide range of services, including company secretary services, to help businesses thrive in the Singaporean market.
| Website | https://www.rikvin.com/ |
| Fees | Contact for a quote |
| Contact | +65 6320 1888 |
| Address | 30 Cecil Street, #19-08 Prudential Tower, Singapore 049712 |
Stellar
Stellar is your one-stop corporate services platform for companies in Singapore and the United States. We specialize in supporting founders of high-growth or multi-jurisdictional startups. Our professional team handles all your back-office operations, including compliance, bookkeeping, accounting, payroll, taxation, and more. Say bye to managing an admin team.
| Website | https://www.histellar.com/sg |
| Fees | From $600/year |
| Contact | +65 8914 0498 |
| Address | 10 Anson Road International Plaza, #05-01 Singapore |
BoardRoom Limited
BoardRoom is a trusted provider of corporate services in Singapore. They specialize in company secretarial services and offer a comprehensive suite of solutions to meet the unique needs of businesses in Singapore.
| Website | https://boardroomlimited.com.au/ |
| Fees | Contact for a quote |
| Contact | +65 6320 1888 |
| Address | Level 8, 210 George Street Sydney NSW 2000 |
SBS Consulting
SBS Consulting is a well-established firm in Singapore, known for its expertise in company secretary services. They provide tailored solutions to assist companies in complying with regulatory requirements effectively.
| Website | https://www.sbsgroup.com.sg/ |
| Fees | Contact for a quote |
| Contact | +65 6536 0036 |
| Address | 35-B Hongkong Street, Singapore 059674 |
Incorp Services
Incorp Services is a professional services firm offering corporate solutions, including company secretary services. They are dedicated to supporting businesses in navigating the complexities of the Singaporean business environment.
| Website | https://www.incorp.asia/ |
| Fees | Contact for a quote |
| Contact | +65 6690 9262 |
| Address | 10 Anson Road, #27-15 International Plaza, Singapore 079903 |
OneStop Professional Services
OneStop Professional Services is a reputable firm offering a range of corporate services, including company secretarial services. They are committed to helping businesses achieve compliance and success in Singapore.
| Website | https://www.onestop-ca.com/ |
| Fees | Contact for a quote |
| Contact | +65 6338 1884 |
| Address | 9 Temasek Boulevard, #09-01 Suntec Tower Two, Singapore 038989 |
Reliance Consulting
Reliance Consulting is a prominent player in the corporate services industry. They excel in providing expert company secretary services to both local and international businesses operating in Singapore.
| Website | https://www.corporateservicessingapore.com/ |
| Fees | Contact for a quote |
| Contact | +65 6602 8286 |
| Address | 10 Anson Road, #27-15 International Plaza, Singapore 079903 |
3E Accounting Pte Ltd
3E Accounting is a well-recognized firm that provides comprehensive corporate services, including company secretarial services. They are committed to offering quality solutions to meet the diverse needs of their clients.
| Website | https://www.3ecpa.com.sg/ |
| Fees | Contact for a quote |
| Contact | +65 6690 9262 |
| Address | 51 Goldhill Plaza, #07-10/11 Singapore 308900 |
AccTrust Advisory
AccTrust Advisory is a trusted corporate services provider in Singapore. They specialize in company secretary services and offer tailored solutions to assist businesses in managing their corporate governance and compliance requirements effectively.
| Website | https://www.acctrust.com.sg/ |
| Fees | Contact for a quote |
| Contact | +65 6635 0420 |
| Address | 18 Sin Ming Lane, #08-16 Midview City, Singapore 573960 |
Acclime
Acclime Singapore is a reputable corporate services provider specializing in helping businesses navigate the complexities of the Singaporean market. With a deep understanding of local regulations and a commitment to excellence, Acclime Singapore offers a wide range of services, including company secretary services, to support both local and international companies in their growth and compliance efforts.
| Website | https://singapore.acclime.com/ |
| Fees | Contact for a quote |
| Contact | +65 6336 8336 |
| Address | 8 Cross Street, #11-00 PWC Building, Singapore 048424 |
Corporate Secretarial
CSB stands out as the premier choice in Singapore for corporate secretarial and company incorporation services. With an impressive track record spanning over 28 years in these fields, we offer top-tier services that guarantee both quality and cost-effectiveness. It’s no wonder that we have earned the trust and preference of numerous companies, both local and international, who have experienced the exceptional value we bring to their business needs.
| Website | https://csb.com.sg/ |
| Fees | Contact for a quote |
| Contact | +65 6534 5755 |
| Address | 80 Robinson Road, #25-00, Singapore 068898 |
A.1 Business Pte Ltd
Our utmost priority is delivering exceptional customer service. To provide expert guidance, our team possesses extensive knowledge and remains consistently updated with the latest information, ensuring significant benefits for our clients.
| Website | https://www.a1corp.com.sg/ |
| Fees | Starting from $318 onwards |
| Contact | (+65) 66531218 |
| Address | 10 Anson Road International Plaza #18-11 Singapore 079903 |
Piloto Asia Pte Ltd
Piloto Asia’s team of skilled consultants can help you swiftly incorporate your company online, completing the process in just a single day. This allows you to save valuable time and concentrate on the growth of your business.
| Website | https://www.pilotoasia.com/ |
| Fees | Contact for a quote |
| Contact | +65 6422 6319 |
| Address | 105 Cecil St, #18-00 The Octagon, |
| Singapore 069534 |
Why are Corporate Secretaries Important in Singapore?
Corporate secretaries play a crucial role in Singapore as they are responsible for ensuring companies comply with legal and regulatory requirements, maintaining company records, and managing important corporate documents.
Role and responsibilities
A company secretary in Singapore bears crucial responsibilities to ensure smooth administrative workflows. They maintain comprehensive records and statutory registers, which are integral for keeping the business operation compliant with local regulations.
Their duties extend beyond basic record-keeping; they also facilitate critical meetings such as board meetings and annual general meetings (AGMs). This promotes clear communication within the organisation so that all stakeholders can make informed decisions.
Compliance requirements
All businesses in Singapore must adhere to strict compliance requirements. These mandates are put in place by the government, and corporate secretaries play a significant role in ensuring that these regulations are met.
One primary duty of corporate secretarial services includes maintaining accurate records of financial transactions and other crucial data within a company. This information is not only vital for internal purposes but also necessary when dealing with regulating authorities like the Accounting and Corporate Regulatory Authority (ACRA).
Benefits of Outsourcing Corporate Secretarial Services
Outsourcing corporate secretarial services offers the advantage of experienced professionals who provide compliance support and consolidated document management.
- Experienced professionals – Experienced professionals in corporate secretarial services play a critical role in safeguarding business interests. Their vast knowledge and expertise ensure safety, assurance, and contribute significantly to compliance with regulatory requirements in Singapore.
- Compliance support – Compliance support is an integral part of corporate secretarial services, especially in an environment like Singapore which has strict regulations for businesses. Assistance with regulatory compliance takes the burden off entrepreneurs and business owners who may not be familiar with all official norms and guidelines.
- Consolidated document management – Consolidated document management plays a pivotal role in corporate secretarial services. This process ensures that all essential documents are systematically arranged, easily accessible and updated regularly.
What is a Corporate Secretary?
A corporate secretary is a key individual within a company who is responsible for ensuring compliance with legal and regulatory requirements. They play a crucial role in maintaining company records, filing necessary documents, and handling important transactions such as share transfers and allotments.
Definition and role
A corporate secretary plays a vital role in Singaporean companies, handling various operational and compliance tasks. While the Singapore Companies Act does not provide a specific definition of their responsibilities, they are responsible for ensuring statutory compliance with the Accounting and Corporate Regulatory Authority (ACRA).
Within six months of incorporation, every company must appoint a corporate secretary. Apart from maintaining company records, they may also manage the appointment of directors and other officers.
Importance for company compliance
Corporate secretaries play a crucial role in ensuring company compliance with legal and regulatory requirements in Singapore. By staying up-to-date with the Singapore Companies Act, they help companies meet their obligations and avoid penalties.
The corporate secretary is responsible for maintaining important statutory records and facilitating communication with governmental entities, making sure that all necessary filings are submitted accurately and on time.
How Much Do Company Secretary Services Cost in Singapore?
Factors affecting the cost include the type and size of the company, level of services required, and additional add-ons such as nominee services or registered address.
- Factors that affect the cost – The cost of company secretarial services in Singapore can vary depending on a few key factors. One factor is the specific type of service required. Different services, such as maintaining company records or handling share transfers and allotments, may have different associated costs.
- Comparing costs of different service providers – The cost of company secretary services in Singapore can vary depending on the type of business and the specific needs of your company. When comparing costs from different service providers, it is important to consider what is included in their packages and whether they offer any additional services or benefits.
Conclusion
In conclusion, navigating the complex landscape of corporate governance and regulatory compliance in Singapore is a critical aspect of running a successful business. The role of a company secretary cannot be overstated in this endeavor. In our comprehensive guide to the top company secretary services in Singapore, we’ve explored the vital functions and services these professionals provide, from ensuring statutory compliance to offering expert advice on corporate governance.
By enlisting the support of top-notch company secretary services, businesses can not only meet their legal obligations but also gain a strategic partner who can help streamline administrative processes and promote sound corporate practices. Whether you’re a startup or an established corporation, choosing the right company secretary service is a decision that can have a lasting impact on your company’s success.
FAQs
1. What are company secretary services in Singapore?
Company secretary services in Singapore encompass professional corp sec offerings that adhere to the corporate secretarial standards outlined by the Singapore Chartered Secretary.
2. Which are the best corporate secretarial services in Singapore?
The best corporate secretarial services in Singapore cater to a variety of businesses including offshore companies, with dedicated professionals providing expert guidance on all corp secretary duties.
3. How does a chartered secretary contribute to company operations in Singapore?
In general, a chartered or corporate secretary ensures regulatory compliance for businesses operating within and beyond the shores of Singapore.
4. Can an offshore company in Singapore utilise local corp sec services?
Absolutely! An offshore company registered within Singapore has full access to high-quality local corporation secretaries who can offer tailored support and compliance assistance.
