How much does it Cost to have a Company Secretary?
Fees for secretarial services in Singapore differ based on the type of services being offered. Secretarial services which are lower-cost include changing of a company’s financial year-end, preparation of a board or shareholder’s resolution, and appointment or change of directors. Among the costlier services are registration and incorporation of a private limited company, changing of a company’s name, and conversion of sole proprietorships and limited liability partnerships to private limited companies. Fees for changing of a company’s financial year-end can be below S$100, while fees for conversions to private limited companies can approach S$1,000.
Which Companies Do Not Require a Company Secretary?
For any company, the role of a company secretary is absolutely crucial. Company secretaries perform important tasks for the company, the company’s directors, and the company’s shareholders. Company secretaries help their companies by ensuring the fulfilment of all statutory obligations, practice of proper corporate governance, and protection of the company’s corporate interests. They also advise directors on important business matters and provide any necessary practical support. They are also to share all relevant information with the company’s directors. With this information, the directors can then be more active and engaged during board meetings. Company secretaries must also frequently communicate with the company’s shareholders. They must do so in order to protect the interests of the company. Company secretaries are to inform shareholders about the details of financial statements. Once shareholders receive this information, they will be more able to play a more active role in important company meetings.
Paul Hype Page & Co. will give you more information and assistance on policy updates, compliance regulations and changes to tax conditions. Corporate tax in Singapore.
Our team of seasoned professional can also help you set up a company in Singapore very quickly and easily following all legal entities, and offer you sound advice on how to make it successful too.
Paul Hype Page Can Help
Here, you will find detailed information about Singapore’s Corporate Tax System. Paul Hype Page & Co helps companies with strategic tax planning, tax advisory, and accountancy services.
- Singapore Tax Planning
- International Tax Planning
IRAS (Singapore’s Tax Authority) governs Singapore’s tax system, helps develop a stronger economy, better environment and a more vibrant economy. All companies, regardless of industry, have a legal duty to pay taxes.
Singapore attracts investments from around the world by reducing its corporate income tax rate and introducing different tax incentives. Singapore has one of the lowest corporate tax rates in the world.
As your company’s Tax agent , Paul Hype Page & Co Chartered Accountant will be fully responsible for the practice of ensuring that these conditions are met. It is important that we be highly qualified and well versed in local regulations and corporate laws, as we are responsible for the upkeep of important company files, tax reports and tax records.