Hiring Corporate Secretarial Services in Singapore? What Do You Need to Consider?

For any company incorporated in Singapore, it is a mandatory requirement to appoint a company secretary. This person needs to be appointed within six months of incorporation. According to ACRA, there are some other requirements regarding the qualification and citizenship status of the company secretary that needs to be fulfilled.

The roles and responsibilities that a company secretary fulfils are very crucial for the company. To ensure that they are fulfilled with efficiency, it is essential to have a highly skilled person for the post. Most of the companies nowadays outsource company secretarial services instead of hiring in-house.

There are few things to consider when hiring corporate secretarial services.

• You need to hire the services of those who are experienced in the field and have an extensive understanding and knowledge of all the rules and regulations of ACRA. Having the knowledge of the most recent statutory corporate governance ensures that the job will be done efficiently and effectively with virtually very minimal chances of any errors or mistakes.

• Hiring secretarial services beforehand helps in taking their assistance in the submission of application of company’s name approval and in the incorporation of the company. They should have the skill to advise their clients in matters like the formation of the company, transferring of a partnership business or a sole proprietor to a private limited company.

• Besides being a corporate secretarial agent for the company’s Singapore branch, they should be able to assist the company in all non-routine corporate matters. These include recording the minutes of the board and shareholders meetings, preparing their resolutions, maintaining statutory records, modifying the Memorandum and Articles of Association etc.

• The roles of company secretary generally include responsibilities towards the company, the board of directors and the shareholders. You should hire the right professional services so as to ensure that all these roles are well performed by getting dedicated and skilled resources having vast experience in compliance-related matters.

• A foreign entrepreneur starting up a business in a new country is not likely to be well versed with the statutory obligations of the place. Hiring corporate secretarial services in Singapore will ensure that all statutory compliances are met so that you don’t face any sort of trouble with the authorities.

There are many corporate secretarial services available these days. You, however, need to take care to go with the one that has experience and a good reputation associated with it.