Navigating the corporate landscape in Singapore can be a complex task, especially with the myriad of regulations and compliance requirements. One key role that plays a crucial part in ensuring a smooth operation for businesses in Singapore is that of a Company Secretary. In this blog post, we’ll address some of the frequently asked questions about a corporate secretary in Singapore to provide a comprehensive understanding of their roles and responsibilities. Frequently Asked Questions About Corporate Secretary in Singapore What is the role of a Company Secretary in Singapore? A Company Secreta ..read more

In the dynamic landscape of modern business, companies are required to navigate a complex web of laws, regulations, and standards to ensure their operations are conducted in a legal and ethical manner. As businesses strive to thrive and expand, they must remain vigilant about compliance with regulatory frameworks to avoid potential legal pitfalls and reputational damage. This is where the role of a reliable company secretarial service becomes paramount. This article delves into the significance of compliance in company secretarial services and how it contributes to the overall success of an or ..read more

In the bustling industry scene of Singapore, having the right Company Secretary, who is competent and dependable,  isn’t simply a legal necessity but a strategic decision that can significantly affect the achievement and development of your business. A Company Secretary is critical in guaranteeing consistency with administrative commitments, keeping up with excellent administration practices, and working with viable correspondence between the board, the executives, and stakeholders. This article will explore the key factors to consider when choosing the right company secretary for your bu ..read more

For businesses incorporated and operating in Singapore, ensuring compliance with regulatory requirements is crucial. Two essential aspects of this compliance are the annual return filing and the preparation of financial statements. While these terms might sound similar, they serve distinct purposes and play different roles in the business landscape. In this article, we’ll delve into the differences between annual returns and financial statements, helping Singapore businesses navigate these concepts effectively. Understanding Annual Returns Filing What are Annual Returns? An annual return is a ..read more

As home to more than thirty thousand international businesses, it is no wonder that Singapore consistently ranks high among nations with an impressive ease of doing business. In the last decade, the country hasn’t slipped past the first three nations where investors would want to set up their companies. Partly responsible for this feat is the government’s support for both small and large-scale businesses, transparency in dealings and procurements, and working legislation for all players. This legislation, which defines the code of conduct of businesses and itemises companies’ responsibilities ..read more

You’ll probably have to issue shares at some point during your startup, especially if you’re needing to raise money. This simple six-step tutorial will help you understand how to issue shares in Singapore and ensure that you’re prepared when you want to start raising funds because we know the procedure can be intimidating. In several circumstances, such as entering a joint venture, taking on new investors, or acquiring new business partners, a corporation may allot shares. We’ll go over some things you should know about the share allotment in this article. Share Allotment in Singapore: What Do ..read more

With COVID-19 and its attendant restrictions out of the way, many companies are now back to their usual ways of conducting business. Virtual meetings are fading away, including virtual AGMs and companies are slowly moving back to holding face-to-face meetings. Most economies are also recovering from lockdown setbacks, and offices are now as busy as they were before the pandemic. That notwithstanding, the ‘new normal’ that COVID has introduced to the world is unlikely to leave anytime soon. Students now attend classes online – at an unprecedented rate – and the acceptance of technology by diffe ..read more

No, a registered and incorporated company in Singapore cannot operate for more than six months without a corporate secretary. The position is even a requirement for a company’s incorporation as stipulated by Singapore’s Accounting and Corporate Regulatory Authority (ACRA). However, the eligibility requirements for a corporate secretary depend on whether the company is a public or private enterprise. Based on Section 171 (1AA) of the Companies Act, private companies can hire anyone with a genuine SingPass for this role. The individual must, however, demonstrate that he or she possesses the skil ..read more

Compliance requirements don’t end after you have completed registering your company in Singapore. There is still a lot more to be done, and this is just the beginning of a complex journey. You still have to meet several compliance obligations set forth by the Accounting and Corporate Regulatory Authority (ACRA) as well as the Inland Revenue Authority of Singapore (IRAS). Additionally, some other compliance requirements must be strictly adhered to on an ongoing basis, long after you have selected the company name, completed the registration process, and paid your fees. To help ensure the develo ..read more

Once incorporated, companies must appoint a company secretary in Singapore within six months if they don’t want to violate the Accounting and Corporate Regulatory Agency’s (ACRA) requirements for their operations. Company secretaries ensure that the companies they work for comply with regulatory requirements. They also help board members understand their roles and work within their job descriptions and powers. Apart from death, retirement, or poor health, non-performance is why most businesses change their secretaries in Singapore. If you have to change your secretary, you must do so early to ..read more