As stated here Singapore company secretary is a compliance officer, who monitors and ensures a business or a company follows the rules and regulations set by the authorities in Singapore. Usually, they are hired by companies that need to comply with the legal and accounting requirements for their operations.
They are a vital part of any corporate organization and help ensure that the company adheres to ACRA guidelines and other government regulations. They also keep track of the company’s accounting records and filings.
Having a competent and qualified company As stated here Singapore company secretary Singapore can save a lot of time, money and effort. They help a business stay up-to-date on statutory deadlines, filing fees, ACRA requirements and other regulatory issues related to the operation of a company in Singapore.
There are many company secretaries in Singapore who provide a range of services, from filing annual returns to maintaining company registers and even handling AGMs and board meetings. They can even assist you with tax rebates and government schemes that may help your company reduce its taxes.
How much does a company secretary cost?
As a general rule, the salary of a company secretary in Singapore can be as high as S$40,027 per year. This is due to the amount of work they have to do.
However, this doesn’t mean that a company secretary must cost you a fortune to hire. There are many companies that offer affordable packages. They are a good option for SMEs and startups.
They will give you a named secretary, help maintain your statutory registers and file all resolutions and correspondences for the year. They also handle the annual return filing with ACRA, and can also advise on government schemes that may benefit your company.
Why should you use a company secretary in Singapore?
A company secretary is a highly-trained and experienced professional who can take on a variety of duties. They can also be your company’s first line of defense in dealing with governmental agencies.
The qualifications to be a company secretary vary depending on the type of organization, but they must meet certain requirements. These include being a Singapore citizen or permanent resident, and not being the sole director of the company.
As a result, it is important to choose a company secretary who has experience in the sphere of corporate law and financial matters. They should be a member of the Institute of Certified Public Accountants of Singapore (ICPAS) or the Singapore Association of the Institute of Chartered Secretaries and Administrators (SAICSA).
It is also important to choose a secretary who communicates well and responds quickly. They should be able to explain all of the company’s rules and procedures clearly.
Another thing to consider is the ability of a company secretary to work with a diverse team of people. They should be able to manage different types of personalities and work styles, especially when it comes to AGMs and board meetings.
A good company secretary should be able to provide a wide range of services, and will work closely with a company’s directors and shareholders. They can also make sure that the company’s directors and shareholders are fully informed of statutory obligations, including filing audited accounts and holding AGMs.