Services
Corporate Secretarial Services in Singapore
Shorts Business Services is amongst the top corporate secretarial firms in Singapore. We provide the best corporate secretarial services, Singapore
Overview
What is Corporate Secretarial Services?
At SHORTS Business Services we offer the best corporate secretarial services in Singapore with our holistic approach to compliance, efficient administration, and strong governance support. As one of the leading corporate secretarial firms in Singapore our cost-effective solutions and risk management support ensures your business remains compliant and efficient while focusing on core activities.
Why Does Your Company Need Corporate Secretarial Services in Singapore?
Ensuring Compliance with Legal Requirements
Corporate secretarial services ensure compliance with Singapore's strict legal regulations, managing timely filings and accurate record-keeping. Integrating these services with SHORTS business service centralizes and streamlines compliance management.
Expert Knowledge and Guidance
Corporate secretaries provide invaluable expertise when it comes to corporate governance, providing invaluable advice that helps navigate complex regulatory environments while upholding high governance standards.
Efficient Handling of Administrative Tasks
Corporate Secretarial Service Singapore enables efficient management of administrative tasks, including filing annual returns and maintaining statutory registers - so your management can focus on core business activities instead.
Enhanced Corporate Governance
Corporate secretaries enhance governance by ensuring adherence to standards, facilitating transparent decision-making, and fostering a culture of accountability and integrity.
Support for Corporate Transactions
Corporate Secretarial services offer valuable support in corporate transactions like mergers and acquisitions by providing due diligence assistance, document preparation support and regulatory compliance expertise.
Risk Management
Corporate secretaries specialize in risk management to prevent noncompliance risks from jeopardizing legal obligations and protecting a business's image and brand reputation.
Cost-Effective Solution
Outsourcing corporate secretarial services can reduce overhead expenses while utilizing external expertise for maximum productivity and benefits.
Cost-Effective Solution
Outsourcing corporate secretarial services can reduce overhead expenses while utilizing external expertise for maximum productivity and benefits.
Cost-Effective Solution
Outsourcing corporate secretarial services can reduce overhead expenses while utilizing external expertise for maximum productivity and benefits.
Why is it Necessary to Appoint a Company Secretary?
According to the Section 171 of the Companies Act of Singapore requires all companies within the country to appoint a company secretary or a corporate secretary whose main duty is to ensure the company complies with Singapore’s company law and regulations.
Beyond compliance, the company secretary enhances corporate governance by organizing board meetings, taking minutes at those meetings and offering advice about best practices. This fosters transparency and accountability while building trust between stakeholders, supporting informed decision-making as part of strategic planning or risk management, and aiding in decision-making when needed.
A corporate secretary in Singapore also plays a critical role in administrative management by handling tasks such as filing annual returns and communicating with regulatory bodies on behalf of management – freeing them up to focus on core business activities while increasing productivity. For mergers and acquisitions transactions, due diligence services provide legal compliance during due diligence processes for smooth processes that enable smooth transactions to occur successfully.
Who Is Eligible to Be a Company Secretary in Singapore?
According to Companies Act of Singapore a company secretary needs to fulfill the given criteria
Resident of Singapore
A company secretary must reside in Singapore to be easily accessible and familiar with local regulations.
Qualified Individual
- Chartered Secretary (CS)The Institute of Chartered Secretaries and Administrators (ICSA) offers this professional qualification, giving individuals comprehensive knowledge in corporate governance, company law compliance and company administration.
- Chartered Accountant (CA) Granted by the Institute of Singapore Chartered Accountants (ISCA), this qualification certifies expertise in accounting and financial regulations.
- Association of Chartered Certified Accountants (ACCA)This qualification displays expertise in financial and regulatory affairs.
- Certified Public Accountant (CPA) Earned through AICPA membership, CPA certification demonstrates expertise in all matters regarding accounting and compliance matters.
Competent and Knowledgeable
A company secretary needs an in-depth knowledge of company law – specifically the Companies Act which dictates registration requirements, share capital levels and director/shareholder responsibilities.
Companies should ensure they abide by all legal and regulatory obligations by having in-depth knowledge of other applicable legislation such as the Securities and Futures Act and Financial Advisers Act, data protection regulations like the Personal Data Protection Act, and employment laws like the Employment Act. By doing this, firms ensure they meet their responsibilities legally and efficiently.
Advantages
Advantages of Outsourcing Company Secretary Services in Singapore
Cost Savings
Outsourcing company secretary services, as opposed to full-time staffers, often represents a more cost-effective solution, saving companies on salaries, training costs and administrative overhead costs while tapping expert knowledge at more manageable prices than full-time employees could bring to bear.
Expertise and Specialization
Outsourcing gives businesses access to professionals with extensive expertise and experience in company law, corporate governance and regulatory compliance in Singapore. These specialists keep abreast of evolving legal developments to keep your organization compliant.
Enhanced Compliance
Professional service providers ensure regulatory requirements are fulfilled quickly and precisely, such as filing reports on time, keeping legal compliance records updated on schedule, meeting all deadlines on schedule and mitigating risks of noncompliance such as legal penalties or reputational harm - saving both money and headaches!
Increased Efficiency
Outsourcing can help businesses streamline administrative tasks more effectively, including hosting board meetings and taking minutes during discussions, freeing internal staff up for more strategic tasks that increase productivity overall.
Risk Management
Outsourcing services provide companies with effective tools for mitigating compliance and governance-related risks by helping navigate intricate regulatory environments to avoid legal ramifications while protecting company reputations.
Enhanced Compliance
Professional service providers ensure regulatory requirements are fulfilled quickly and precisely, such as filing reports on time, keeping legal compliance records updated on schedule, meeting all deadlines on schedule and mitigating risks of noncompliance such as legal penalties or reputational harm - saving both money and headaches!
What you get
What is included in Company Secretarial Services in Singapore
Corporate Secretarial Service
- Experienced and Qualified Staff
- Fulfillment of Compliance Requirements
- Accurate and Honest Task Management
- Affordable and Cost-Efficient
- Convenience and Comfort
- A Broad Spectrum of Services
- Reliable Handling
What you get
What is included in Company secretary services
Outsourced Bookkeeping Services
- Experienced and Qualified Staff
- Fulfillment of Compliance Requirements
- Accurate and Honest Task Management
- Affordable and Cost-Efficient
- Convenience and Comfort
- A Broad Spectrum of Services
- Reliable Handling
Benefits
The benefits included in company secretary services in Singapore
Tailored Advice and Feedback
Collaboration for business expansion, with customized solutions, advice, and feedback to meet specific business needs
Seamless Operation
Assurance of a seamless operation and function of all business activities in compliance with regulatory rules, provided by expert company secretaries
Expert Guidance and Support
Receive personalized guidance and feedback to improve business operations, with additional support in managing accounting, bookkeeping, payroll, and taxation.
Tailored Advice and Feedback
Collaboration for business expansion, with customized solutions, advice, and feedback to meet specific business needs.
Seamless Operation
Assurance of a seamless operation and function of all business activities in compliance with regulatory rules, provided by expert company secretaries.
Expert Guidance and Support
Receive personalized guidance and feedback to improve business operations, with additional support in managing accounting, bookkeeping, payroll, and taxation.
Stress-Free Operation
Stress-free business management with reliable handling by a well-trained and experienced staff capable of handling administrational activities and resolving issues.
Customized Solutions
Shorts Business Services tailors solutions to meet unique business needs, ensuring services align with specific requirements
Professionalism and Ethical Practices
Adherence to business ethics and honest performance of duties, ensuring professionalism and ethical practices in administrational work.
Stress-Free Operation
Stress-free business management with reliable handling by a well-trained and experienced staff capable of handling administrational activities and resolving issues.
Customized Solutions
Shorts Business Services tailors solutions to meet unique business needs, ensuring services align with specific requirements
Professionalism and Ethical Practices
Adherence to business ethics and honest performance of duties, ensuring professionalism and ethical practices in administrational work.
SHORTS Business Services offers outstanding corporate secretary services in Singapore.
Partner with us
Ready to Start Your Business in Singapore?
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Expert Guidance
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Fast Turnaround
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Hassle-Free Process
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Legal Compliance
Partner with us
Ready to Start Your Business in Singapore?
-
Expert Guidance
-
Fast Turnaround
-
Hassle-Free Process
-
Legal Compliance
What Happens if your Company does not Appoint a Company Secretary?
If a company fails to appoint a secretary within six months of incorporation, the company could face legal consequences and penalties for directors of up to $1,000
Faq's
- Fees typically range from SGD 300 to SGD 1,500 per year, depending on the level of service and complexity.
- Yes, every company in Singapore must appoint a Company Secretary within six months of incorporation.
- The terms are often interchangeable and refer to the same role involving compliance and governance responsibilities.
- Pass a board resolution, file changes with ACRA via BizFile+, update statutory registers, and inform stakeholders.
- Outsourcing ensures compliance, is cost-effective, allows focus on core business, and provides access to professional expertise and resources.
- Shorts PTE. Ltd is preferred for its expertise, comprehensive services, personalized approach, reliability, and competitive pricing. They ensure proactive compliance management and exceptional client support, making them a trusted choice for corporate secretarial services.
- Yes, a director can be a company secretary in Singapore, provided the company has more than one director and the director is not also the sole director.
- Yes, you can switch to Corporate Services Singapore by appointing them as your new service provider and notifying ACRA of the change.
- Yes, you can be your company’s corporate secretary if you meet the qualifications and are not the sole director.
- A company secretary can sign off on certain administrative filings, manage statutory books, and ensure compliance with corporate regulations, but they do not have executive powers like directors.
- All companies in Singapore are required to appoint a company secretary, and none of them are exempt from this requirement.