SG Company services

Are you an entrepreneur or someone who is starting a new business? 

A registered company has the appropriate statutory authority that’s in accordance with the business laws of the country you live in. Registering your company gives it credibility and improves your brand identity. You’ll be identified as a legitimate corporation that clients and partners can trust. But legalising and registering your business can be a tedious process. 

So we are here to help! We will help you sort out everything you need to get your company verified.

All companies registered in Singapore are required to have a company secretary who is a resident of Singapore. 

The position of Statutory Secretary of the Company may only be vacated in the event of the Secretary’s death, resignation or dismissal by decision of the directors. In the event that this happens, it is important that the position be filled within six months, as required by law. If there is no secretary, or the secretary is unable to perform his or her duties, the assistant secretary may take over the duties of the secretary until a new secretary is appointed.

Business secretarial services include.

• Company mail collection and forwarding (customer bears postage costs)
• Assist clients in reviewing and processing incoming correspondence in English (with client authorisation) 
• Customer parcel forwarding (customer bears the postage costs)
• Call forwarding, SMS, WeChat, email alert service
• Receiving of customers in the office
• General company operations consulting

Singapore companies are required to submit an annual return to the Accounting and Corporate Regulatory Authority (ACRA) after the annual general meeting, per the Singapore Companies Act (S175, S197, and S201).

The following information is required when submitting an annual review:

1. Company information, such as company type, business scope, registered address, the personal information of the important members of the company, creditor registration, and other information that is subject to changes.
2. Shareholding information, such as the type of shareholding, the number of shares, issued shares, paid-up capital, etc.
3. Financial reports of the company.
4. Time of the company’s annual general meeting (if applicable).
5. After the successful filing of the Annual General Meeting, an updated Bizfile needs to be saved

Under the Singapore Securities and Futures Act, if a company wishes to carry out (regulated) fund management services in Singapore in either of the two forms mentioned below, then the company must apply for a fund management company licence to the Monetary Authority of Singapore (MAS) or the company must hold a capital markets licence. 

Individuals who perform key functions in a fund management company are required to report to the Monetary Authority of Singapore (MAS) to become a representative of the company. For example, they are responsible for: portfolio construction and allocation, research and consulting, business development and marketing or client servicing.

The application process includes preparations of relevant documents, reviewing data, preparing access forms and business forms, submitting applications, filing, answering questions and approval

Singapore is an internationally acclaimed financial centre. The banking sector is a key player in the country’s financial market, which has quickly grown into one of the strongest industries in the world. 

In Singapore, the Monetary Authority of Singapore (MAS) is the de facto central bank. It was established in 1971 to regulate Singapore’s financial industry and help it develop into an international financial centre. Its main function is to ensure that the financial markets operate efficiently and smoothly in line with the country’s economic goals. MAS is responsible for the following.

Major local banks include 

1. DBS
2. OCBC
3. UOB

Major foreign banks include 

1. HSBC
2. Standard Chartered
3. ABN-AMRO Singapore
4. Maybank Malaya
5. BNP Paribas
6. Citibank

The effective period of the registered trade mark is 10 years from the date of application. If the registered trade mark needs to be used after the expiry date, the right holder should apply for trade mark renewal 6 months before the expiry date. Each renewal is valid for 10 years.

1. The applicant (or its agent) submits the application form to the trade mark registration and pays the designated fee
2. After receiving the application form, the Trade Mark Registry will review the application to ensure that the application complies with the relevant provisions of the Trade Mark Regulations
3. A notice of the trade mark registration will be published in the government gazette.
4. If no application for opposition to the trade mark is received, the Trade Mark Registry will formally register the trade mark.

Services provided:

1. Financial report
2. ACRA/IRAS Compliance
3. CPF
4. Bookeeping

Accounting services handles all the paperwork related to financials in your company. Work comfortably with a peace of mind knowing your financials are in good hands.

Accounting is the practice of keeping track of a company's financial transactions. This usually refers to analysis and assessment rather than recording.

The accounting process includes summarizing, assessing, and reporting these transactions to regulators, authorities,  and tax collection agencies.

While recordkeeping is concerned with acquiring and preserving data, most accounting is concerned with using that data to make concrete decisions or provide advice.

Services provided:

1. Corporate tax
2. GST
3. Estimated tax
4. Withholding tax
5. Personal income tax

Complex tax regulations and cross-border tax issues divert time and resources away from your core business focus. Outsourcing critical business functions such as tax, payroll and accounting gives your people more time to focus on what matters – growing your business.

Outsourcing your tax can help you minimise financial penalties, save time and money, and gain a peace of mind