Incorporating
a company in Singapore is easy when you have the support of a consultant. Most
people including the local investors are not fully familiar with the procedures
and a consultant can help get the job done faster. The corporate consultant
companies are experienced in the job and they can clear all the doubts that you
may have. They can also guide you with regarding the type of company you can
form. They will advise you about the various conditions that you must fulfill
if you want to incorporate your company in Singapore. These consultants have
helped many companies to remain compliant with the company laws.
Conditions for Incorporating Your Company
The main condition
for incorporating your company is that you must have at least one director and
one company secretary who are residents of Singapore. You must also have a
registered office address in Singapore. Many companies find it difficult to
fulfill these conditions due to various reasons. It is especially difficult to find
the right person for the post of the company secretary.
The company
secretary of a company must be highly qualified and knowledgeable about the
local company laws. The person is responsible for guiding the company directors
to run the company as per the laws. This makes it necessary that the company
secretary is familiar with laws and corporate affairs. The holder of the post
should call for the annual general meeting and record the minutes of the same.
He or she is also the custodian of the company registers and seals.
Seeking the Support of Consultants
Corporate
consultants offer company secretarial services at very affordable rates. These services will help the company to get all the
jobs of the company secretary done perfectly well. These consultants have
people who are highly qualified and familiar with company operations in
Singapore and the laws that guide them. The services include the filing of the
annual returns with the ACRA. Companies can use these services and rest assured
that the company will be run within the legal framework.
Maintain
Your Books Perfectly
Bookkeeping
is a job that has to be done meticulously. It is the job of an expert. It is a
record of all your financial transactions and you cannot miss even a single
transaction because that can land you in trouble. You need an experienced
person to do the job. If you hand over the job to a service provider you can be
sure that the work will be done very well. They employ the best people for
bookkeeping and will get the job done promptly and correctly.
Bookkeeping
services include the generation of various reports like profit & loss
accounts, balance sheet, trial balance and list of receivables and payables.
All these reports are very essential for the smooth running of the business.
They let you know what is happening with the money you receive. It will help
you reconcile your accounts with that of the bank and ensure that everything is
tallying.
One of the
main advantages with availing bookkeeping services in Singapore is that you will have updated information about what
each customer owes you. This will help you in getting your money faster. This
is the way to improve your cash flow and meet your financial requirements
easily. Maintaining proper books will also help solve any disputes with your
customers.
Make sure
that you choose your service provider with care. You must get a company that is
willing to provide you with assistance whenever you need it and also be a
well-wisher for your business.
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