Hiring Company Secretarial Services Singapore? Be sure to Consider These Key Facts

Are you planning to hire company secretarial services Singapore? Make sure to consider a few critical aspects to make the journey a smooth sailing experience. Out of four major stakeholders (the directors, shareholders, auditors and company secretary) of a private limited company in Singapore, the company secretary has the least responsibilities. Nevertheless, he/she is legally liable for handling the compliance requirements of the company.

As per the law stated in Singapore Companies Act, your company incorporation would be incomplete without appointing a company secretary within six months from incorporation. This requirement can also be fulfilled by hiring the outsourced corporate secretarial services Singapore. Majority of Singapore companies prefer using the outsourced service due to the benefits (cost-effectiveness, scalability, efficiency in service, etc.) it has to offer. However, you must ensure to hire the service from a reliable firm like SBS Consulting.

 

What are the things you must consider when hiring company secretarial services Singapore?

Competency:

You cannot hire any random firm to handover one of the critical aspects of your company, i.e., secretarial service. The firm must have a competent team to handle the legal compliance of your company. Be sure to check the qualifications and experiences of their professionals to avoid any future mishaps. It ensures whether they are capable of fulfilling your requirements or not.

Ideally, a company secretary in Singapore must have a fair knowledge of Singapore Companies Act and ACRA’s annual requirements. If the authority does not receive any annual report/filing of a company, the company secretary will be held responsible for not complying the lawsuit. Thereby, the professionals of the firm have rich knowledge and experience in the local jurisdiction. As per the law, only a Singapore resident (Citizen or PR) or holder of an Employment pass can act as the company secretary of your company in the local jurisdiction.

Affordable Cost:

The second important thing is the cost of the service. The fee for corporate secretarial services Singapore must suit your budget. Search for competitive prices. Nevertheless, do not consider the cost as a yardstick measure to determine your final service provider.

You must consider the quality of the services as well. Try to figure out how good the quality of the firm is. There are firms offering incorporation package that comes up with free or cheap corporate services. You may consider their packages as long as they maintain the high quality of service. Promo incorporation package of SBS Consulting offers free secretarial services for first one year.

The Reputation of the Firm:

Importance of reputation or credible image of the firm you are going to hire, is something you cannot afford to ignore. A good reputation is built over the years based on the good deeds of a firm. So, if the firm is highly acclaimed by their clients, the higher chances will be there to receive best-quality services. Although you can rely on the mouth publicity, client’s reviews, feedback, etc., it is wise to examine their site physically (if possible). You cannot simply believe what other people say.

 

Open for Guidance/ Consulting Service:

Besides the services that the firm provide, the professionals/experts should also be open to offering guidance/ consulting service to their clients. Outsourcing is an opportunity to enhance the efficiency of one’s business, so the secretary must assist you with relevant information, advice, guidance, and suggestions that can improve corporate governance within your organization. They are likely to have rich knowledge on local laws and jurisdictions. Thus, they can offer legal advice on various aspects of your business.

Scalability:

Outsourced corporate secretarial services Singapore should be scalable and flexible in various ways so that legal compliance is met within the specified deadlines. The roles and responsibilities of a company secretary in Singapore is diverse. The firm must ensure to deliver all the services with efficiency. Timeliness must also be maintained by your service provider.

These are the key factors you need to consider when looking to outsource the company secretarial services Singapore. Make sure to pick the right firm that ensures to deliver quality services on agreed time.

Contact Info
SBS Consulting Pte Ltd
Visit: https://www.sbsgroup.com.sg/
High Street Centre,
#17–02, 1 North Bridge Road,
179094 — Singapore
Phone: +65–6536 0036
Email: info@sbsgroup.com.sg