Top Company Secretarial Services in Singapore: Fees, Services, and Reviews
Singapore is a popular destination for businesses, with its business-friendly environment and attractive tax incentives. However, setting up and maintaining a company in Singapore requires compliance with various regulations and laws, which can be a daunting task for entrepreneurs and business owners. This is where company secretarial services come in, providing support and guidance throughout the life cycle of a company.
In this article, we will explore the top company secretarial services in Singapore, including their fees, services, and reviews. We will also provide an overview of the services offered and the benefits of engaging a company secretarial service provider.
Overview of Company Secretarial Services
Company secretarial services provide a range of support functions to companies, including:
- Compliance with Singaporean laws and regulations
- Preparation and filing of company documents
- Maintaining company records and registers
- Providing advice on corporate governance and compliance
- Representing the company in legal and administrative matters
These services are essential for companies, especially those that are new to Singapore or have complex corporate structures. Engaging a company secretarial service provider can help ensure compliance with regulatory requirements, reduce the risk of fines and penalties, and save time and resources.
Top Company Secretarial Services in Singapore
Here are some of the top company secretarial services in Singapore:
1. ACCA (Association of Chartered Certified Accountants) Singapore
ACCA Singapore is a leading provider of company secretarial services, with a team of experienced professionals who provide a range of services, including:
- Company registration and incorporation
- Compliance with regulatory requirements
- Preparation and filing of company documents
- Advice on corporate governance and compliance
ACCA Singapore offers a fixed fee package starting from SGD 1,200 per year, making it an affordable option for small to medium-sized businesses.
2. RSM Singapore
RSM Singapore is a global provider of company secretarial services, with a team of experts who provide a range of services, including:
- Company registration and incorporation
- Compliance with regulatory requirements
- Preparation and filing of company documents
- Advice on corporate governance and compliance
- Representation in legal and administrative matters
RSM Singapore offers a bespoke service package tailored to the needs of each client, with fees starting from SGD 2,000 per year.
3. KPMG Singapore
KPMG Singapore is a leading provider of company secretarial services, with a team of experienced professionals who provide a range of services, including:
- Company registration and incorporation
- Compliance with regulatory requirements
- Preparation and filing of company documents
- Advice on corporate governance and compliance
- Representation in legal and administrative matters
KPMG Singapore offers a comprehensive service package, with fees starting from SGD 3,000 per year.
4. Grant Thornton Singapore
Grant Thornton Singapore is a leading provider of company secretarial services, with a team of experienced professionals who provide a range of services, including:
- Company registration and incorporation
- Compliance with regulatory requirements
- Preparation and filing of company documents
- Advice on corporate governance and compliance
- Representation in legal and administrative matters
Grant Thornton Singapore offers a bespoke service package tailored to the needs of each client, with fees starting from SGD 2,500 per year.
5. Baker Tilly Singapore
Baker Tilly Singapore is a leading provider of company secretarial services, with a team of experienced professionals who provide a range of services, including:
- Company registration and incorporation
- Compliance with regulatory requirements
- Preparation and filing of company documents
- Advice on corporate governance and compliance
- Representation in legal and administrative matters
Baker Tilly Singapore offers a comprehensive service package, with fees starting from SGD 2,000 per year.
Conclusion
In conclusion, engaging a company secretarial service provider is essential for companies operating in Singapore. With the top company secretarial services in Singapore, entrepreneurs and business owners can ensure compliance with regulatory requirements, reduce the risk of fines and penalties, and save time and resources. When choosing a company secretarial service provider, it is essential to consider the services offered, fees, and reviews from other clients.
FAQs
Q: What is the minimum number of shareholders required for a company in Singapore?
A: The minimum number of shareholders required for a company in Singapore is one.
Q: What is the minimum paid-up capital required for a company in Singapore?
A: The minimum paid-up capital required for a company in Singapore is SGD 1.
Q: Can a foreigner register a company in Singapore?
A: Yes, a foreigner can register a company in Singapore. However, the company must have at least one local director who is a Singapore citizen or permanent resident.
Q: How long does it take to register a company in Singapore?
A: The registration process typically takes 1-3 days, depending on the complexity of the application and the availability of the company name.
Q: What is the tax rate for companies in Singapore?
A: The tax rate for companies in Singapore is 8.5% for the first SGD 300,000 of taxable income, and 17% for taxable income above SGD 300,000.
Q: Can a company in Singapore be used as a holding company?
A: Yes, a company in Singapore can be used as a holding company. However, the company must meet the requirements set out in the Singapore Companies Act, including having a minimum of SGD 1 million in paid-up capital.
