One of the requirements for setting up company in Singapore is the appointment of a locally resident company secretary within 6 months of incorporation. The company secretary’s role is to ensure that the company complies with legislations and regulations, and update board members on their legal responsibilities. In smaller companies, the work primarily revolves around the AGM and filing the annual returns.
This person should have the requisite knowledge and experience to help the company meet all its regulatory compliance obligations such as filing of Annual Returns and holding of its annual general meetings.
Yes. Under Section 171 of the Singapore Companies Act 1967 every Singapore Registered Private Limited company shall have one or more Singapore company secretaries each of whom shall be a natural person and his or her principal place of residence must be in Singapore.
The company secretary must be appointed within six months of incorporation. If at some point the company secretary chooses to leave the company, this position should not be vacant for more than six months at any one time. The sole director of a company and the company secretary cannot be the same person.
Yes, the Singapore company secretary is considered an officer of the company and his or her name must be registered with the Accounting and Corporate Regulatory Authority (ACRA) records. A company secretary mandates the similar fiduciary duties to the company directors and must always act in the best interests of the company and avoid or disclose any possible conflicts that may arise.
In general, the Company Secretary maintains and updates the Company’s statutory registers; preparation of agenda and minutes of meetings of directors and shareholders; keep the company and its directors aware of the deadlines such as Annual General Meetings (AGM) and Annual Returns (AR) filing; attend to the appropriate electronic filings with the ACRA for change of company particulars, officers, company shares, such as the transfer of shares, issue of shares and maintaining of the shareholders’ register as well as other compliance matters with regards to The Companies Act 1967.
All companies registered in Singapore are required to have a local address registered where all communications and notices to the company may be addressed.
A registered office must be operational and accessible to the public during normal office hours, but need not be where the company conducts its activities.
Our registered address service allows you to receive communications and notices without having to tie yourself or your staff down to a physical location during office hours. Coupled with our incorporation services in Singapore, we can provide you with the right support in starting a business in Singapore.
Yes, a registered office address is required in Private Limited Company registration. It is mandatory for every company registered in Singapore to have a physical address and cannot be a Post Office Box (PO Box).
Residential addresses can be used as a business address under the Home Office Scheme. However, prior approval from the Housing Development Board (for HDB flats) or Urban Redevelopment Authority (for private properties) must be obtained in order to use residential premises (owned or rented) for home office use.
The nominee director will assist your company in satisfying the statutory requirement for having at least one local director but will not be involved in the running of and decision-making in your company.
When you take up our nominee director services together with our incorporation services in Singapore, you can rest assured that you will be served by our reputable and trustworthy professionals.
For non/late submission of GST F5/ F8 returns, IRAS may:
Our nominee director will assist your company in satisfying the statutory requirement for having at least one local resident director but will not be involved in the running of and decision-making in your company. We also provide the client with a nominee director agreement which defines the limitations of our role as nominee.
Yes, you can terminate our nominee director service anytime by providing us with the details of an alternate local resident director. We will do the necessary paperwork, lodge the change with authorities.