The early stages of putting up a company are undoubtedly the hardest. Start-up companies cannot afford to be complacent during this time, which is why they need to engage a company secretarial service particularly for this purpose.
For start-ups, filling in the company secretary role is not as important as say, linking with good statutory compliance to ensure the stability of the company.
As per Singapore companies act when you're a start-up company in Singapore, you can expect to face a multitude of statutory requirements before your business operations actually start.
The importance of having one cannot be set aside as this is mandated by Singapore's Companies Act and non-adherence may result in fines or other stricter penalties.
Engaging a corporate secretarial services firm is the best direction to go for to ensure that this key role is filled in accordance to the law without compromising efficiency and experience.
Secretary Service: The Partner to Firmly Plant a Start-up’s Roots on the Ground
Singapore's business solution is as vibrant as it is competitive.
A partnership with a Singapore company secretarial is encouraged so that a start-up may be able to efficiently adopt, maintain, and implement good corporate governance practices. A secretary service dedicated to handle all these requirements ensures that a start-up is able to timely and correctly complies with the government's strict rules and regulations.
Without a competent company secretarial services to assist your compliance and business needs, you may miss out on completing important documents like business resolutions and year-end reports. There's also the risk of mismanaging company records and non-compliance with company law. A secretary service has the expertise and experience necessary to handle all these important duties in a timely and efficient manner.
Besides, most corporate secretary services firms in Singapore offer competitive secretarial services rates that meet any company budget.
Remember being a newbie in the world of business means getting all the help you can get to ensure that you get that one foot in the door. A corporate secretarial services firm can help you with free consultation and build the groundwork as you establish yourself as a big shot in Singapore's dynamic business landscape.
It is important to have a one-to-one discussion with their representative regarding your needs and the extent of their service. Ask if they offer services like fax, mail scanning, daily mail receiving notification, mail forwarding, etc. The absence of these services can cause problems for you. Just imagine how difficult it will be for you to self-collect the mail from your provider if you have subscribed to their registered office service.
Once you start researching on the Internet, you will realize that you can get from cheap to highly specialized Singapore secretary services for your start-up or small business. The advice is to 'Go for Quality.' Your statutory compliance as well streamlined corporate governance is of at most importance. Your company secretarial services provider should free you from any worries regarding these.
During the discussion, ask for what the provider is offering and the cost of these services. You should be especially wary about the providers offering cheap packages. Do not go by the face value bandied in front of your eyes.
Know the hidden costs. Find out, if they charge separately for the filing of annual returns or preparation of AGM. May be appointing one of the reputable company secretarial services in Singapore that offers reasonably priced and under-the-one-roof services to its clients is a solution.
Why do you need corporate secretarial services Singapore?
It must be done by someone who has good knowledge of local jurisdiction. Staying on top of all the vital tasks of annual general meeting can be challenging if you don't have a professional or expert from the services providing firm.
Non-compliance issues are likely to attract penalties. Therefore, it makes sense to stay compliant with the law. However, staying up to date with the ever-changing laws of the jurisdiction is not always easy. Thanks to outsourcing services providers.
These services alleviate the pain of legal issues from your shoulder and let you focus on your core business tasks. On top of it, outsourcing to corporate secretarial services is cheaper than an in-house employee.
Be sure to hire the right one based on its availability, cost, quality, approach and certification of the professionals.
Go for a Combo Package, but, Do Not Compromise on Quality
You can get promo Singapore incorporation package that costs only S$699 and offers three-in-one services. It covers incorporation of a Singapore company, and company secretarial and registered local office address for the first year.
To these owners, we offer comprehensive end-to-end company secretary services at S$299 for the first year.
However, it becomes a burden to the business owners. It adds to their overhead costs. It is the reason why business owners try to outsource it to Singapore secretarial services. However, the company secretary is not an idle position and you need to choose wisely.