5 Benefits Of Hiring Corporate Secretarial Services
One of the key ingredients in establishing a profitable business is hiring good people. You can be sure that your business is in good hands when you have the best people to oversee key positions in your company. If you’re running a business in Singapore, the company secretary post is one role that should be filled with the most qualified candidate. Whether you’re a start-up or an offshore firm looking to penetrate the competitive business landscape of this bustling Asian business hub, investing in corporate secretarial services assures you that you won’t appoint the wrong man (or woman) for such an important job.
What Is A Company Secretary And Does Your Company Need One?
A company secretary is responsible for handling all the administrative activities of your company. Moreover, the person appointed in this position needs to make sure that a company timely complies with all its regulatory obligations.
Failure to appoint a company secretary may pose many problems for your company. It is imperative that you hire one when setting up a business in Singapore as mandated under the Singapore Companies Act, which requires that this position must be filled within six months after your business has been incorporated.
The law requires as well that this position must not be filled by the company’s sole director nor its shareholder. It is therefore a must that a different person be appointed for this key position.
Besides being a prerequisite to putting up a business in Singapore, the job of the company secretary is so crucial that the company should make sure that only the most qualified individual is appointed to the position. Appointing the wrong person for the job may have a negative impact on your business, particularly if the appointee fails to ensure that all regulatory requirements are met and that all business documents are timely filed.
Avoiding legal consequences is thus your priority when you’re keen on setting up a business in Singapore. You cannot afford to be complacent when it comes to hiring the perfect person for the job. The best business decision you will ever made is to go for company secretarial services in Singapore to ensure you only have the best people suited for the job.
Key Reasons To Engage In Corporate Secretarial Services In Singapore
The easiest route, of course, is to hire a permanent company secretary once your business has been incorporated. However, outsourcing this position to a company secretarial service offers more benefits, especially if doing business in such a strict and competitive environment as Singapore.
If you aren’t too convinced to engage in corporate secretarial services in Singapore, consider these advantages and weigh your options.
1. Accurate and consistent handling of administrative requirements
Company secretary services in Singapore boast highly qualified and trained staff to help handle your administrative function with ease and efficiency. Outsourcing this position to the right local firm assures you adhere with Singapore’s strict regulatory requirements in a timely manner and that all your processes are handled with expertise and in-depth knowledge. As a corporate secretarial services firm can provide you with competent personnel to handle your administrative function, you can rest assured that you don’t have to face being penalised for non-compliance, late document submission, or inaccurate reports.
2. Ease and convenience
Since corporate secretary services companies possess the knowledge and experience in handling administrative requirements, you can be sure that you have the right people who are properly trained to handle the job. All your processes and requirements are done with ease, quickly and more efficiently. You save yourself from the hassle that goes through when you have an in-house company secretary that isn’t well-equipped to handle the job.
3. Reliable service each and every time
The best thing about corporate secretarial services in Singapore is that you can depend on them to timely meet all your administrative activities. Since the staff handling all your requirements is well-trained and experienced, you can rely on them to meet all your regulatory requirements without any worries.
On top of the reliability you can count on, you can depend on corporate secretary services in Singapore to provide you with expert insights and feedback on how you can better improve your business operations. There are professional service providers like Corporate Services Singapore who even go the extra mile by offering personalised service to ensure that your unique needs are met with customised solutions tailored to your requirements.
4. More cost-effective
Hiring a corporate secretary services in Singapore gives you the opportunity to take advantage of the expertise and experience of highly trained individuals without having to hire and train an in-house secretary. You do away with employee packages and spending for training sessions when you hire an in-house company secretary. You save up on money that can be used to expand your business.
5. Comprehensive service offerings
Professional service providers like Corporate Services Singapore mostly offer a comprehensive suite of services that not only involves secretarial services but also company incorporation, payroll, and accounting services, amongst others. You can take advantage of these other offerings from company secretary services in Singapore to outsource your other requirements and benefit from the expertise and experience they can provide in these areas.
Make sure to find the right corporate secretarial services in Singapore who can be a perfect fit for your company. Pick one that offers reasonable corporate secretarial services fees yet delivers on its promise with quickness and efficiency. Remember that you need the knowledge and experience a local firm can provide to ensure success when setting up a business in Singapore.
