• October 13, 2020

One of the key aspects of any profitable business is hiring the right individuals. Once you’ve hired a team that is both highly qualified and motivated, you can be sure that your company is in good hands. If you’ve chosen to start your business in Singapore, then your company secretary post should be filled with only the most qualified individual. There are several company secretarial services available that can help you to penetrate the competitive landscape of this business hub. Investing in corporate secretarial services in Singapore helps to ensure you don’t hire the wrong individual for the job.

What Is the Role Of A Company Secretary

A company secretary is responsible for all administrative activities complete in the company. They will also make sure that you apply with all regulatory obligations in the time period that you are operating for. Should you fail to appoint a company secretary you may soon find yourself experiencing several problems. When operating in Singapore, it is required you to hire one under the Singapore Companies Act, which states that a corporate secretary position must be filled within the first 6 months after you have been incorporated. The law states that this position cannot be filled by a sole director or its shareholder and therefore a different person must be appointed for this position.

This position is particularly important in Singapore due to the complexities of the role. It is always advised that the most highly qualified individual is appointed to ensure everything runs smoothly. Should you appoint the wrong person, you may soon find that you’re failing to meet all regulatory requirements and not all documents have been correctly filled. When first starting out, you should make sure you avoid any legal backlash as this could cause your business to fail before it’s started. As a result, the best way to make sure you comply with all regulations is to look for corporate secretarial services in Singapore, as this will allow you to hire the most qualified individual for the job.

Why You Should Hire Company Secretarial Services In Singapore

While in many countries, hiring a permanent company secretary is the norm, in Singapore this is not always the case. For many businesses, outsourcing this position for a company brings with it several benefits. Here are some of the key advantages of hiring professional corporate secretarial services.

  1. All Administrative Tasks Are Consistently Complete And Accurate

Should you choose to hire professional company secretarial services, you will be working with highly qualified and trained staff who will manage your every administrative function. They will work extremely efficiently and ensure you comply with Singapore’s strict regulatory requirements. All processes are handled with expertise and in-depth experience, which also makes sure everything, is completed on time. The personnel you will be working with will also be able to provide you with professional advice throughout your operations; ensuring reports and documentation are as accurate as possible.

  1. Seamless Processing

As corporate secretary services companies already have the knowledge needed to handle all administrative requirements, you can focus on what’s most important: managing your business. All administrative tasks will be handled by professionals who will complete everything for you both fast and efficiently. This helps to save you from the hassle than many companies go through when operating in Singapore as well as the stress you may experience from an in-house secretary.

  1. Improved Reliability

When running a business, it’s a great feeling knowing that you have a team you can rely on to meet all your administrative tasks throughout the year. With a team handling all your requirements, you can rest assured that you meet all regulatory requirements on time and without stress. As well as this, you can also depend on your corporate secretary to provide you with in-depth insights and feedback on the many ways in which you can improve your internal operations. These individuals will have a wealth of experience working in Singapore and therefore will be more than happy to go that extra mile. They will usually offer a fully personalised service so that each of your unique needs can be met and tailored solutions can be created.

  1. Greater Cost Effectiveness

When using corporate secretarial services in Singapore, you can be confident that you’re getting the best value out of your investment. Rather than having to train your in-house secretary, as well as fund all of the training, you can have a higher-skilled individual working for you throughout the year. As a result, you don’t need complex employee packages which will help you to significantly reduce your overall costs in the long run. This allows you to reinvest into your business and focus on improving profitability.

  1. Access To A Diverse Skill Set

Corporate Services in Singapore will offer you a diverse portfolio of skills including company incorporation, payroll, and accounting services. This allows you to take complete advantage without needing to hire several different professionals to complete the job. Finding the right service for your business will help you to cover all internal skillsets for a reasonable fee. Should you find a service that doesn’t quite meet your requirements, there are hundreds of competitors you can choose from. All of these options will provide you with local knowledge that you simply wouldn’t get with an in-house secretary.