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Corporate Secretary
Hire A Friendly Corporate Secretary & A Reliable Nominee Director
Meet the Compliance Requirementwith Our Company Secretary and Nominee Director Services
Every company based in Singapore must have at least:
- 1 qualified corporate secretary
- 1 local director
Hiring a local director from a professional firm like us will give you peace of mind. The nominee director will not be involved in the company’s operational and financial decisions.
Secretary And Nominee Director Services
Here are some of the services the secretary will be responsible for:
- Update and file annual return with ACRA
- Maintain and upkeep of statutory registers
- Prepare board meetings and AGMs
- Monitor company’s compliance filings
What does a nominee director normally support?
- Monitor the company’s filing compliance
- Signe of statutory documents, such as annual return, tax return, and financial report
- Coordinate with government authorities if requested
- Assist to open corporate bank account
This is because we ensure the following for our clients:
- Strict background screening for our nominee directors
- No operational involvement in the company is allowed
- No authorization to access client’s bank account
- Seamless termination. Client may remove the nominee director anytime
Don’t let non-compliance put your business at risk. Contact us today to learn more about our Company Secretary and Nominee Director Services in Singapore and ensure that your business meets all regulatory requirements.
Q&A - corporate secretary
Yes, ACRA stipulates that every company must appoint a company secretary within 6 months of its incorporation.
relevant legislations and regulations.
Below is the list of tasks that a secretary normally performs. This list is non-exhaustive:
1. Updating and filing with ACRA
- Appointment, resignation of company officers
- Update of particulars of directors
- Filing of Annual Returns
- Amendments to the company constitution
- Share allotments or share transfers
- Changes in company name
2. Maintenance and upkeep of statutory registers
- Filing of signed Board Resolutions
- Maintenance of minutes books (AGMs and EGMs)
- Issue of shares
- Distribution of Annual Report and company accounts
3. Preparation of board meetings and AGMs
- Distributing company’s financial reports
- Attendance and taking of meeting minutes
- Preparation of meeting agenda
- Preparation of director’s resolutions
4. Miscellaneous services
- Reminders for filing deadlines
- Ensure the safekeeping and proper use of the company seal
- Monitoring shareholder register and movement of shareholders
- Maintaining shareholder relations
The process to change a corporate secretary agent is straightforward. We will prepare all necessary documents and help to liaise with the existing agent for the hand over. What you need to do is just to sign a resolution to approve the change.
Annual secretarial service normally covers routine services including:
- Provision of a qualified secretary
- Routine directors’ resolution
- Monitoring of annual return filing deadline and submission
- Preparation of minutes for Annual General Meeting (AGM)
- Filing of annual return with ACRA
- Maintaining Registers and Minute books
Non-routine works, such as share transfer, allotment of new share capital, change of company name, amendment of constitution, etc are not included in the annual fee package as they are not required by every company. As such, there will be a fee for these services ranging from $80 onward depending on the nature of work.
Q&A - Nominee Director
No, the nominee director is appointed simply to satisfy Singapore’s regulatory requirements. He/she will not involve in the company’s financial and operational matters. He will not be authorised to manage your bank account. A service agreement needs to be signed between the company and nominee director to confirm the terms of the services.
Beside caring the duty and responsibilities as a company director. A Nominee Director (“ND”) undertakes significant risk. If the company breaks the law, the ND is also on the hook with Singapore authorities. Serious breaches of the law by the company can result in the prosecution of the ND. Of course, Singapore authorities in such cases will also go after foreign owners and directors and prosecute them to the full extent of the law.
Shareholder, as an investor has no significant risk except for the risk of lost of the investment value.
No, you don’t have to. What you need to pay is the agreed annual director fee. You need not contribute CPF for the director fee.
For the directors we recommend, we have known them for years and they are very reliable. In any case if the nominee director is not contactable at all, the board or the shareholders may pass a resolution to remove him/her.
Non-routine works, such as share transfer, allotment of new share capital, change of company name, amendment of constitution, etc are not included in the annual fee package as they are not required by every company. As such, there will be a fee for these services ranging from $80 onward depending on the nature of work.
