Singapore is a most desired business hub for the investors coming from all over the world. Influx of the foreign investors as well as the capital has increased the number of companies being formed in the Singapore. Majority of these new companies are private limited. Singapore Company Act (SCA) stipulates for these companies to hire services of a corporate secretary Singapore as soon as possible.
“In fact, it is compulsory for a new company to employ at least one company secretary within 6 months of its incorporation. There are some legal bindings when it comes to appointing a company secretary in Singapore. The selected individual must be a Singapore citizen, a permanent Singapore resident or must hold Employment Pass, Enterpass or a Dependent Pass. This is where Singapore corporate secretarial services prove to be helpful,” said a veteran company secretary at Accountingservice.com.sg.
Finding such a qualified and reliable person in a new place is a time consuming and frustrating core for an entrepreneur operating in an alien environment. Naturally, it is also difficult for a Singapore citizen incorporating a company for the first time. Singapore company secretarial services offer their qualified professionals to act in this capacity.
“Outsourcing the process of Singapore company registration to these companies is a right option. These experts help in choosing the type of the new start-up that will prove most suitable for the client’s operations. They also supply expert opinion about the most practical management structure as well as the corporate control of the company. A prudent secretarial company also proffers advice to its clients on the legal status of the new start-up and levels of ownerships. They try to cover all the points and thus, make the costly future changes unnecessary,” said a company incorporation consultant at Accountingservice.com.sg.
In some cases, investors relocate to the Singapore to take charge of the company and direct the business activities. For such clients and their relocating employees, Singapore company secretarial services offer and arrange immigration, work visas, accommodations and other services like schooling for the kids.
Firms in corporate secretarial Singapore extend their expert support to their clients at the time of Singapore company incorporation. They also provide business address for the new start-up as mandated by the rules. In general, they make the process glitch free and complete it on time. The outcome is effective and complies with the regulations and the Singapore law.
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