Find a Consultant Who Has the Most Advanced Systems

by AI Accountant Leading Digital Accounting Firm in Singapore

You don’t want to change your corporate consultant as your company grows. It is better to partner with the same consultant for all your work. This will help in better coordination between your employees and theirs. It will also help in better understanding of your requirements. If you change your consultants frequently you will end up wasting your time teaching them everything about your company every time.

 

But if you want to keep the consultant even when your company has grown to become a big corporate, then the consultant must have advanced systems in place to serve you at any level. He must be prepared to scale his services as you grow. You must find such a consultant for yourself.

 

Starting Your Company in Singapore

You don’t have to worry about how to register a company in Singapore if you hand over the job to a good consultant. They know the procedures very well. They know what documents must be submitted. If you are tying up a consultant who is using the latest digital technologies you don't even have to meet them personally. Everything can be done online. You can send your documents online with a digital signature.

 

ACRA which is the authority with which you must incorporate your company has fully computerized its processes. Hence the application can be submitted online. If all the documents are in order, the whole process of registering the company name and incorporating the company will be completed within 2 days maximum.

 

Before incorporation, you must get the name approved. Unless the name is taken by someone else or it is objected to for some other reason, the name will be approved within a day. Once this is done the incorporation documents must be submitted. For incorporating a company in the island nation, the company needs to have one resident director.

 

The resident director should be a Singapore resident or a foreigner who holds an EntrePass or Employment Pass. The company can appoint other local or foreign directors as per their choice. The company must also employ a company secretary before completion of six months from incorporation. They should have a local registered office address. Your consultant will apprise you of all these and help you meet the requirements of the ACRA.

 

As the Singapore authorities have fully automated their registration and incorporation process, when you tie up with a fully digital consultant you save a lot of time. Everything will be done online and you will get your incorporation certificate copy by mail. There is no need to meet the consultants and waste your time. These consultants can be paid online too.

 

Getting Support in Running Your Company

 

One of the main supporting services that these companies offer is the accounting service. It is difficult for many small and medium companies to do accounting by themselves. A good consultant can offer these services at a very affordable rate. They have experts who can maintain the books perfectly so that the company will remain compliant with the requirements of ACRA.

 

The digital consultants maintain the accounts online so that you can check your account any time with an internet connection. These consultants offer all the services of a chartered accountant in Singapore. They will prepare the financial statement in the XBRL format and submit the same to the ACRA.

 

As these consultants with advanced digital technologies don’t need an office or use any kind of stationary, their working expense is very less. All their work is done online. They are able to pass on the savings in expense to their customers, making their services very economical. 

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Created on May 23rd 2019 20:15. Viewed 511 times.

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