Top Company Secretary Services in Singapore: A Comprehensive Guide

thumbnail Top Company Secretary Services in Singapore

Table of Contents

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?

What Services Does a Company Secretary Offer?
  1. 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.
  2. 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.
  3. 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.
  4. Shareholder Services: They manage share-related matters, including the issuance and transfer of shares, dividend payments, and handling of shareholder inquiries.
  5. 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.
  6. 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.
  7. Advisory Services: Company secretaries often provide advice on compliance matters, changes in corporate law, and best practices for corporate governance.
  8. Filing and Reporting: They prepare and file various documents with government authorities, including annual returns, changes in company structure, and updates to company details.
  9. Compliance Monitoring: They keep track of deadlines for filing and compliance requirements to ensure that the company does not incur penalties or legal issues.
  10. 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

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.

Websitehttps://osome.com/sg/
FeesStarting from $300 onwards
Contact(+65) 6589 8807
Address77 Robinson Road #33-01

Rikvin Pte Ltd

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.

Websitehttps://www.rikvin.com/
FeesContact for a quote
Contact+65 6320 1888
Address30 Cecil Street, #19-08 Prudential Tower, Singapore 049712

BoardRoom Limited

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.

Websitehttps://boardroomlimited.com.au/
FeesContact for a quote
Contact+65 6320 1888
Address30 Cecil Street, #19-08 Prudential Tower, Singapore 049712

SBS Consulting

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.

Websitehttps://www.sbsgroup.com.sg/
FeesContact for a quote
Contact+65 6536 0036
Address35-B Hongkong Street, Singapore 059674

Incorp Services

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.

Websitehttps://www.incorp.asia/
FeesContact for a quote
Contact+65 6690 9262
Address10 Anson Road, #27-15 International Plaza, Singapore 079903

OneStop Professional Services

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.

Websitehttps://www.onestop-ca.com/
FeesContact for a quote
Contact+65 6338 1884
Address9 Temasek Boulevard, #09-01 Suntec Tower Two, Singapore 038989

Reliance Consulting

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.

Websitehttps://www.corporateservicessingapore.com/
FeesContact for a quote
Contact+65 6602 8286
Address10 Anson Road, #27-15 International Plaza, Singapore 079903

3E Accounting Pte Ltd

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.

Websitehttps://www.3ecpa.com.sg/
FeesContact for a quote
Contact+65 6690 9262
Address51 Goldhill Plaza, #07-10/11 Singapore 308900

AccTrust Advisory

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.

Websitehttps://www.acctrust.com.sg/
FeesContact for a quote
Contact+65 6635 0420
Address18 Sin Ming Lane, #08-16 Midview City, Singapore 573960

Acclime

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.

Websitehttps://singapore.acclime.com/
FeesContact for a quote
Contact+65 6336 8336
Address8 Cross Street, #11-00 PWC Building, Singapore 048424

Corporate Secretarial

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.

Websitehttps://csb.com.sg/
FeesContact for a quote
Contact+65 6534 5755
Address80 Robinson Road, #25-00, Singapore 068898

A.1 Business Pte Ltd

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.

Websitehttps://www.a1corp.com.sg/
FeesStarting from $318 onwards
Contact(+65) 66531218
Address10 Anson Road International Plaza #18-11 Singapore 079903

Piloto Asia Pte Ltd

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.

Websitehttps://www.pilotoasia.com/
FeesContact for a quote
Contact+65 6422 6319
Address105 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.

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02 Nov, 2023

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