Company Secretary Services in Singapore
Understanding legal, regulatory, and compliance issues on your own can be difficult and time-consuming for someone who does not have in-depth knowledge of these matters. Non-compliance can result in not only fines but even jail, so having access to accurate and timely information is critical.
To help you with this, you could get corporate secretary services in Singapore. At Excellence Singapore Group, we have professionals with extensive knowledge of business compliance and have assisted many clients throughout the years. With our secretary services, we help you to maintain corporate governance, ensure timely filings and provide expert advice on regulatory matters.
Trust our expertise to keep your business compliant—partner with Excellence Singapore Group today!
Why You Need a Company Secretary in Singapore
The role of a company secretary is not just a statutory requirement but a critical position that ensures your business adheres to local laws and regulations. In Singapore, every company is legally obligated to appoint a company secretary 6 months from the date of incorporation. This role is essential for maintaining compliance with statutory laws and upholding corporate governance standards.
Failing to appoint a qualified company secretary or neglecting their duties can cause penalties, legal complications, and damage to your company’s reputation. By engaging reliable corporate secretarial services, you ensure your business meets all regulatory obligations—from filing annual returns to maintaining statutory registers.
Advantages of Engaging a Professional Company Secretary
When you partner with reliable company secretary services in Singapore, you’re investing in the long-term stability and growth of your business. Here are more ways it can benefit your company:
Compliance with ACRA Regulations
A professional company secretary ensures your business stays compliant with ACRA regulations. This includes the timely submission of annual returns, changes in company structure, and updates to statutory records. By entrusting these tasks to a qualified professional, you eliminate the risk of non-compliance, which can lead to hefty fines or legal action.
Corporate Governance
Effective corporate governance is crucial for the success and reputation of any business. Our company secretaries play a key role in implementing and maintaining best practices in corporate governance, ensuring that your company’s board of directors operates within the legal framework and adheres to ethical standards. This includes preparing and filing resolutions, managing shareholder communications, and organising board meetings.
Risk Mitigation
The corporate landscape is fraught with risks, from regulatory breaches to shareholder disputes. Engaging in our company secretarial services helps mitigate these risks by ensuring that all corporate actions are properly documented and legally sound. This proactive approach not only protects your business but also enhances its credibility with stakeholders.
Expert Advisory
Beyond the basics of compliance, a professional company secretary offers valuable insights and advice on regulatory changes, corporate restructuring, and other strategic decisions. This expert guidance can be instrumental in helping your business navigate complex situations and make informed decisions that drive growth.
Why Choose Our Company Secretary Services in Singapore
Our company secretarial services stand out in the market for several key reasons:
Experienced Professionals
Our team consists of seasoned professionals with a deep understanding of Singapore’s corporate regulatory landscape. We bring years of experience to the table, ensuring that your business receives the highest level of service.
Comprehensive Service Offering
We don’t just handle the basics. Our company secretary services cover all aspects of corporate governance, compliance, and administrative support. This comprehensive approach means you have a trusted partner to manage all your corporate needs under one roof.
Tailored Solutions
We understand that every business is unique. That’s why we offer customised solutions that are designed to meet your specific needs. Whether you’re a small startup or a large enterprise, we provide services that scale with your business.
Commitment to Compliance
At Excellence Singapore Group, compliance isn’t just a service—it’s a commitment. We take pride in our meticulous attention to detail, ensuring that your business always meets its legal obligations without any stress or hassle.
Transparent Pricing
We believe in clear, upfront pricing with no hidden fees. Our goal is to provide you with exceptional value, combining top-tier corporate services with competitive pricing.
Frequently Asked Questions About Company Secretarial Services in Singapore
What qualifications should a company secretary in Singapore have?
A company secretary in Singapore should possess the following qualifications:
- Knowledge of relevant laws, including the Companies Act, Securities and Futures Act, Financial Advisers Act, and PDPA.
- Minimum of three years of recent secretarial experience.
- Registered as a public accountant under the Accountants Act.
- Qualified under the Legal Profession Act.
- Membership in recognised bodies like the Institute of Chartered Secretaries and Administrators (ICSA), the Institute of Singapore Chartered Accountants (ISCA), or the Association of International Accountants (Singapore Branch).
- Recognised in Singapore, providing comprehensive knowledge of corporate governance, company law, and compliance.
- Experience in corporate governance, compliance, and maintaining statutory records.
- Has the ability to clearly communicate complex legal and regulatory information.
- Has great attention to detail and can maintain accurate records to ensure legal compliance.
- Maintains confidentiality, transparency, and acts in the company’s best interests.
Can a company director also serve as the company secretary in Singapore?
Yes, a company director can also serve as the company secretary in Singapore, provided the company has more than one director. However, the sole director of a company cannot also act as the company secretary.
As such, if you are the sole director of your company, it can be beneficial to engage with company secretary services in Singapore.
Can a foreigner be appointed as a company secretary in Singapore?
Yes, a foreigner can be appointed as a company secretary in Singapore, but they must reside in Singapore. This ensures that the company secretary is readily available to manage the company’s legal and administrative requirements.
What happens if a company in Singapore does not appoint a company secretary?
Failure to appoint a company secretary within six months of incorporation could lead to penalties for the company and its directors of up to S$1,000.
How often does a company need to hold board meetings or AGMs?
A company in Singapore is required to hold an Annual General Meeting (AGM) once every calendar year, with no more than 15 months between AGMs. Board meetings should be held as necessary, depending on the company’s operations and governance needs.
What are the differences between hiring an in-house company secretary and outsourcing to a corporate service provider?
Hiring an in-house company secretary means that the person is a full-time employee of the company, dedicated solely to your business. However, this can be costly and may not be necessary for all companies. On the other hand, outsourcing company secretary services offers you access to expert services on demand, often at a more cost-effective rate and with the benefit of extensive industry experience.
