The process of setting up a company in Singapore can be a tedious one when aspiring entrepreneurs are not clear on the requirements and steps to undertake. Fortunately, professional corporate secretarial service providers can actually aid business owners in the process. Here are 5 ways in which they can contribute:
1. Company Structure
Professional corporate secretarial service providers are equipped with the knowledge of different corporation structures, thereby making them one of the best sources to approach when planning for company registration in Singapore. The appointed corporate secretarial service provider will be able to fully advise clients on the company structure to consider by reviewing their client’s business plan and the direction of anticipated future growth.
Preparing to set up a corporation in Singapore may be straightforward, but for aspiring entrepreneurs who are unfamiliar with the process, it could be daunting. Seasoned corporate secretarial service providers will be able to assist entrepreneurs in gathering all required details, documentation and materials required to successfully register a corporation in Singapore. In addition, the appointed corporate secretary will also know which documentations to secure and keep after the registration begins to process. Entrepreneurs can rest easy in knowing that they will be able to successfully establish their own corporation and get started on important plans straight away.
3. Filing for Registration
Corporate secretarial service providers are also fully equipped and trained to assist clients in the actual business registration filing process through Bizfile. With their assistance, the whole process will be relatively smooth and aspiring entrepreneurs can have their corporation established in an efficient manner without having to wait for too long.
After the company has been registered, the business owner is required to hold a first board meeting (within the first 100 days) so as to set business goals, identify crucial business decisions, and more. Corporate secretarial service providers are able to assist business owners to organise and plan the first board meetings, complete with minute taking as well as agenda preparation.
5. Essentials Maintenance
Since appointing corporate secretaries is one of the legal compliance requirement set by ACRA, professional corporate secretarial service providers can continue to ensure that all procedures continue to run smoothly after the company registration. Clients are better able to formulate corporation policies, file returns and other essential processes through the help of the corporate secretary instead of having to do so themselves, thereby freeing up both time and effort for betterment.