Singapore Company Secretarial Fees: A Comparison of Services and Prices from Leading Providers

Singapore is a popular destination for businesses due to its business-friendly environment, low taxes, and high standard of living. As a result, many companies are established in Singapore, and maintaining compliance with regulatory requirements is crucial to avoid penalties and maintain good standing. One of the essential services required by Singapore companies is company secretarial services. In this article, we will compare the services and prices offered by leading providers of company secretarial services in Singapore.

What are Company Secretarial Services?

Company secretarial services are essential for companies incorporated in Singapore. The service provider acts as the company’s secretary, ensuring compliance with regulatory requirements and maintaining the company’s records. The main responsibilities of a company secretary include:

• Maintaining the company’s statutory registers, including the register of members, register of directors, and register of shareholders
• Filing annual returns and other regulatory documents with the Accounting and Corporate Regulatory Authority (ACRA)
• Preparing and filing meeting minutes and resolutions
• Providing secretarial support for board meetings and shareholder meetings
• Ensuring compliance with regulatory requirements, such as maintaining a register of significant shareholders

Leading Providers of Company Secretarial Services in Singapore

Provider	Service Package	Price
ASL Corporate Services	Basic Package: Annual Returns Filing, Statutory Registers Maintenance, and Company Secretary Services	$800 – $1,200 per annum
Company Bureau	Standard Package: Annual Returns Filing, Statutory Registers Maintenance, Company Secretary Services, and Compliance Support	$1,200 – $2,000 per annum
ACRA-Registered Company Secretary	Customized Package: Annual Returns Filing, Statutory Registers Maintenance, Company Secretary Services, and Compliance Support tailored to your company’s specific needs	$1,500 – $3,000 per annum
Registry Trust	Premium Package: Annual Returns Filing, Statutory Registers Maintenance, Company Secretary Services, Compliance Support, and Access to a Team of Experienced Professionals	$2,500 – $4,000 per annum

As shown in the table above, the prices for company secretarial services in Singapore vary depending on the provider and the level of service required. The Basic Package offered by ASL Corporate Services is the most affordable option, starting at $800 per annum. The Premium Package offered by Registry Trust is the most expensive option, starting at $2,500 per annum.

Factors to Consider When Choosing a Company Secretarial Service Provider

When choosing a company secretarial service provider in Singapore, there are several factors to consider:

• Experience: Look for a provider with extensive experience in providing company secretarial services in Singapore
• Qualifications: Ensure that the provider has a qualified company secretary who is familiar with Singapore’s regulatory requirements
• Services Offered: Consider the level of service required, such as annual returns filing, statutory registers maintenance, and compliance support
• Price: Compare prices offered by different providers and consider the value for money
• Reputation: Research the provider’s reputation and reviews from other clients

Conclusion

In conclusion, company secretarial services are essential for companies incorporated in Singapore. The prices for these services vary depending on the provider and the level of service required. When choosing a company secretarial service provider, it is essential to consider factors such as experience, qualifications, services offered, price, and reputation. By doing so, you can ensure that your company remains compliant with regulatory requirements and maintains good standing.

FAQs

Q: What is the purpose of company secretarial services?

A: The purpose of company secretarial services is to ensure compliance with regulatory requirements and maintain the company’s records.

Q: Who can act as a company secretary in Singapore?

A: In Singapore, a company secretary must be a natural person who is at least 18 years old and not disqualified from acting as a company secretary under the Companies Act.

Q: What are the penalties for non-compliance with regulatory requirements in Singapore?

A: The penalties for non-compliance with regulatory requirements in Singapore can include fines, imprisonment, and even deregistration of the company.

Q: Can I act as my own company secretary in Singapore?

A: No, it is not recommended to act as your own company secretary in Singapore. This is because the company secretary has a significant amount of responsibility and liability, and it is recommended to hire a professional service provider to ensure compliance with regulatory requirements.

Q: How often do I need to file annual returns in Singapore?

A: In Singapore, companies are required to file annual returns with the Accounting and Corporate Regulatory Authority (ACRA) within 30 days of the company’s anniversary date.

Q: What is the difference between a company secretary and a corporate secretary?

A: There is no difference between a company secretary and a corporate secretary. Both terms refer to the same person or service provider who is responsible for ensuring compliance with regulatory requirements and maintaining the company’s records.