Sunday, July 28, 2013

While Starting Up My Company in Singapore


Corporate Secretarial Services are those services that one could avail if a person wants to set up a business abroad. There are a number of companies that provide such services. I also had the privilege to avail such services from a certain company that helped me greatly to start up my business in Singapore. Now, in those days I was having a hard time setting up a business as I had very less knowledge about it. I heard about such a company from a friend and approached it. I can tell you that I was very much amazed to know about the amount of services they provide in order to make sure that your company is started and running smoothly. It takes all the measures that are required to incorporate any business in Singapore and ensures that there are no problems while setting it up. The most ideal resources that are very cost effective are provided by this company. The amount of professional and corporate services provided by the company is very much astounding. Recently in Singapore an Act has been passed that states that every company that is incorporated in Singapore must have a minimum of one secretary and the company must abide by all the laws and rules that are very much required while starting a business there. This company provided me with all the details and made me aware about my compliance needs by providing me with a professional who was very much qualified. The most attracting thing I liked about the company is that the corporate services that the company provides meet the demands without spending much money and spending very less time.
The amount of services I got are numerous, some of which I am stating here. First service it provides includes the provision for providing a Company Secretary or an agent for the company that acts as a secretary. The person is qualified enough to handle all his responsibilities in an organized manner so that the company can run smoothly without any hindrances. The second service is that it keeps a detailed record of all the deliberations and resolutions that my company adopted in its official meetings. This record was accessible to all the staff members of my company at my company’s registered office.  During the annual general meetings these records which are also called as minute books were presented and the needful resolutions were taken basing upon these records. The third service I got is that, according to the requirements of ACRA, a company needs to submit his annual return and it helped me in submitting it. Sometimes when there are compliance issues, the company provides advices. Compliance requirements are updated from time to time, if we fail to have the knowledge about this then there might be some problems so in order to avoid this the company also keeps me updated with the knowledge of compliance requirements. And lastly, there are reminders that are automatically filed which helped me in minimizing the costs.