Fulfill Compliance Requirements with Corporate Secretarial Services

by Sneha Patil Top Singapore Company Registration Company

You can trust your statutory compliance to the corporate secretarial services in Singapore. You can choose combo incorporation package & get the service free or hire a secretary for S$299 only.

Do you know that you must ensure to fulfill all compliance requirements while running a company in Singapore? There are numbers of statutory obligations which you must meet to remain compliant. But, the task could be challenging and tricky unless you are well versed with the laws and regulations of the jurisdiction. The good news is that you can take the help of corporate secretarial services to fulfill various annual filing requirements.

It is worth noting that Singapore authorities decreed every locally-incorporated company to hire a corporate secretary Singapore within six months of company incorporation. You have two options to fulfill the requirement. You can either hire an in-house employee or outsource to the third-party firm. Nevertheless, outsourcing has proven to be an effortless, easy, competitive and quality-driven solution for the business. It is the key reason why more and more Singaporean businesses are turning to professional company secretarial services these days.

Benefits of Outsourcing Your Corporate Secretarial Services to Third Party Firm

Cost-effective Solution: The cost you usually spend on hiring, training and maintaining the in-house employee is way more than outsourcing. In fact, the job will get done by spending just a fraction of the cost of an in-house employee. You just need to pay an affordable fee on an annual basis, and you will get all-integrated services related to corporate secretary Singapore.

The good news is that there are firms like SBS Consulting that offers free company secretarial services with their package of incorporation.

High Quality of Service: You will surely get the best quality service when your corporate secretarial services would be handled by a highly talented and experienced professional. A good secretarial firm is likely to have a team of professionals who are highly qualified and experienced in their areas of interest. They will make sure to take the best care of your requirements. It is wrong to assume that you would not have any control over your activities as the firm you keep you in the loop when carrying out the activities.

Compliance Matters: Reiterating, when doing business in Singapore you are bound to comply with a series of statutory obligations. A corporate secretary in Singapore is responsible for ensuring that organization meets all requirements of the authorities.

In case of any breach of the law, the authorities contact the secretary. However, when you outsource the task to a firm, they make sure to fulfill all the requirements within the specified deadlines. There is no fear of getting penalized for being non-compliant.

Enhanced Efficiency: When you outsource the tasks of company secretary to a third-party firm, you can rest assured that the team will handle the tasks efficiently. You will get more time to focus on the productive activities of the business. The revenue of your business is likely to increase when you stay more focused on your productive activities. It will result in more progress and expansion of your business.

All these benefits are equally important for every organization. Thus, more and more companies are leaning towards the concept of outsourcing of corporate secretarial services.

Since Singapore jurisdiction is known for its strict laws and regulation, every company must take special care of its compliance issues. A corporate secretary Singapore is legally accountable to

Arrange and host AGMs of the company within the deadline.
Draft Director’s report
Inform ACRA (Accounting & Corporate Regulatory Authority) about any major changes in company’s officers.
File Annual Returns with ACRA.
Notify ACRA about the changes in Memorandum & Articles of Association.

It is easy to comprehend how professional corporate secretarial services help you fulfill the compliance requirements.

About Us/Bio:

SBS Consulting Pte Ltd is a leading firm that offers integrated solutions through its corporate secretarial services. It also handles company incorporation and other allied services for their clients efficiently.

Contact us:

SBS Consulting Pte Ltd

Visit: https://www.sbsgroup.com.sg/

High Street Center,

#17-02, 1 North Bridge Road,

179094 - Singapore

Phone: +65-6536 0036

Email: info@sbsgroup.com.sg