5 Best Company Secretary Services in Singapore in 2024

Singapore is home to over 450,000 businesses, making company secretary services more important than ever. In 2024, many top firms are helping businesses meet compliance and governance needs. This article looks at the top five providers: Rikvin, Boardroom, Sleek, Osome, and Corporate Secretarial & Bookkeeping Pte Ltd.

These firms help businesses follow Singapore’s Companies Act and ACRA rules. Companies must hire a corporate secretary within six months of starting, showing how crucial these services are. Sleek has helped over 2,500 entrepreneurs, proving their skill and dedication.

These firms offer services for both new and big businesses. They aim to be the best company secretary services in Singapore. They have packages that meet different business needs.

Understanding the Role of a Company Secretary in Singapore

A company secretary in Singapore is key to keeping a company in line with the law. Every company must have one, showing how vital this role is. They make sure the company follows the rules and stays on track.

One of the main duties is making sure the company follows the law. They keep important records, protect the company’s seal, and help prepare meeting materials. They also make sure the company’s rules are followed and file the right documents with the authorities.

They also help with meetings, look after shareholder relations, and guide directors on their duties. They prepare meeting minutes, check if the company has enough insurance, and handle compliance issues like changes in leadership or the company name.

Good communication and making smart decisions are key for a company secretary. They need to keep up with laws and act as trusted advisors. This means they always put the company first and avoid personal conflicts. Not following the rules can lead to big problems for the company and its leaders.

In Singapore, the company secretary is more than just a formality. They are a crucial part of good corporate governance. This helps build trust and accountability within the company.

Importance of Hiring Professional Company Secretary Services

In Singapore, corporate secretary services are key to making sure businesses follow the law. A good corporate secretary can prevent fines for not following the rules. The Accounting and Corporate Regulatory Authority (ACRA) says all companies must have a secretary. So, it’s crucial to think about hiring a professional.

Choosing a professional corporate secretary takes the stress out of paperwork and legal stuff. They take care of things like keeping records, filing papers, and making sure you follow the law on time. This lets business owners focus on what they do best.

Many businesses don’t realize how much trouble bad hiring can cause. A bad hire can cost up to 30% of an employee’s salary. But, hiring an experienced corporate secretary can help avoid these problems. With their help, companies can stay out of trouble and keep their business running smoothly.

The corporate secretarial services industry in Singapore has over 20 years of experience. Using a professional service means companies get to use the latest tech for managing legal stuff. This makes things faster and more efficient, saving time and improving how well companies handle legal tasks.

5 Best Company Secretary Services in Singapore

Choosing the best company secretary services in Singapore means looking at experience, services, and price. Here are the top five companies that meet different business needs and follow local laws.

Rikvin

Rikvin is known for its wide range of services, from starting a company to full secretarial help. They offer custom solutions for businesses of all sizes, making them a favorite among many.

Boardroom

Boardroom has over 50 years of experience in corporate governance, AGM prep, and following the law. They focus on building strong client relationships, adding great value to their services.

Sleek

Sleek is great for tech-savvy businesses and startups. They offer online secretarial services starting at SGD 300 a year. This makes them a go-to for new companies.

Osome

Osome has a user-friendly online platform for managing documents and talking to secretaries. This makes it easy for clients to keep up with laws and grow their business.

Corporate Secretarial & Bookkeeping Pte Ltd

With over 28 years of experience, Corporate Secretarial & Bookkeeping Pte Ltd offers top-notch services for businesses aiming for excellence. They know Singapore’s Company Law well, helping clients with all secretarial needs.

Company Name	Experience	Starting Fees	Key Services
Rikvin	Comprehensive Experience	Contact for Quote	Company incorporation, corporate secretarial support
Boardroom	50+ Years	Contact for Quote	AGM preparation, regulatory compliance
Sleek	Tech-Savvy	SGD 300 per year	Online company secretarial services
Osome	Innovative Platform	SGD 300 onwards	Document management, efficient communication
Corporate Secretarial & Bookkeeping Pte Ltd	28+ Years	Contact for Quote	Compliance solutions, corporate services

Key Considerations When Choosing a Company Secretary Singapore

Choosing the right company secretary service is key for businesses in Singapore. Many factors affect this decision. It’s important to find someone or a firm that fits your company’s needs well.

Experience and Expertise

When choosing a company secretary Singapore, experience matters a lot. They should have a strong background and know the laws well. Knowing about local laws helps with following rules and managing the company better.

Communication Skills

A good company secretary must be great at communicating. They need to make complex legal terms simple for everyone to understand. This helps keep business owners updated and builds trust with others.

Technological Proficiency

Today, knowing how to use technology is crucial for company secretaries. They should be up to date with the latest tools and cloud services. This makes work easier and lets clients get to important info quickly, helping them grow their business.

Company Secretary Duties and Responsibilities

A company secretary plays a key role in making a business run smoothly. They make sure the company follows all the rules. In Singapore, companies must follow strict rules to stay legal. A good company secretary knows these rules well and is very important to a company.

Compliance with Statutory Requirements

One big job of a company secretary is to make sure the company follows the law. This means filing papers on time and following the Companies Act. They help avoid legal problems by understanding and following these rules.

Maintaining Corporate Records

Keeping records up to date is crucial. This includes things like keeping track of important documents and writing meeting minutes. The company secretary is key in protecting these records. They are important for keeping the company safe and transparent.

Organizing Board Meetings

Setting up board meetings is a big task. The company secretary prepares the agenda, sends out notices, and writes up the minutes. They make sure meetings go well and help make important decisions.

Facilitating Communication Between Shareholders and Directors

Good communication between shareholders and directors is important for trust in a company. The company secretary helps with this by making sure messages get passed on and answering shareholder questions. This helps keep the company open and honest.

Benefits of Outsourcing Corporate Secretary Services

Outsourcing corporate secretary services has many benefits for businesses in Singapore. About 53% of companies choose this option for smooth operations and legal compliance. This shows how important professional secretary services are for handling key tasks.

One big plus of outsourcing company secretary work is saving money. Companies can cut costs by up to 30% on salaries, bonuses, and benefits. This is a big help for small and medium-sized businesses looking to grow.

Outsourcing also means getting more done efficiently. Companies see a 25% boost in how well they operate. By using outsourced services, businesses can focus on what they do best. They can leave tasks like compliance to experts.

Reliability is another reason to outsource. Many agencies have a 95% success rate in doing tasks right and on time. Doing things accurately builds trust and lowers the risk of breaking the law.

A table below shows some key benefits of outsourcing these services:

Benefit	Impact
Cost Reduction	Up to 30% savings on salaries and benefits
Increased Efficiency	25% rise in operational performance
Reliability	95% task completion rate
Improved Time Management	20% enhancement in managing time
Better Risk Management	67% of businesses experience superior risk control

As more companies need corporate secretary services, firms like Voffice Singapore Corporate Secretarial Services are leading the way. They offer the expertise needed for businesses to handle regulations well. Outsourcing gives companies the knowledge and resources they need. This lets businesses grow without getting bogged down by paperwork.

Common Misconceptions About Company Secretary Services

Many people think company secretary services are only for big companies. But, startups and small businesses also gain a lot from them. They help with legal stuff without needing a big team.

Some think corporate secretaries are just like personal assistants. But, they’re not. They need a lot of knowledge to keep the company legal and talk to groups like the Accounting and Corporate Regulatory Authority (ACRA).

It’s also wrong to think all secretaries do the same job. Each company needs different things based on their size and needs. A good company secretary does more than just paperwork. They handle important tasks like keeping records and making sure the company follows the law.

Some worry that using a company secretary means losing control over the business. But, a good secretary actually helps make the company run better. They make sure everything is legal and in order. This can save money and give you access to experts without the cost of hiring a full-time employee.

Lastly, some believe only public companies need a highly qualified secretary. But, private companies can also hire someone with the right knowledge. This makes sure they meet the legal requirements.

Choosing the Right Package for Your Business Needs

Choosing the right company secretary package is key for your business in Singapore. It ensures you follow the law and manage your company well. You should think about your business size, how many deals you make, and any changes in rules.

Many companies offer packages that fit different business needs. Basic packages handle the basics, while full packages give more support. For instance, Osome’s Essential package starts at S$300. It includes expert chat support, helps with the Annual Return, and handles the Annual General Meeting (AGM), and covers ACRA fees.

Package Name	Price	Features
Essential Package	S$300	Expert support, Annual Return filing, AGM facilitation
CS-Classic Package	S$288	Minutes preparation, consultation, filing deadline monitoring
CS-Advance Package	S$649	24 months of service with added features
Corporate Secretary & Tax Package	S$810	Financial reports, tax computation, ACRA filings
Annual Company Secretary Package	S$360	12 months service, minutes preparation, monitoring

Looking at corporate secretary services pricing shows it’s important to compare what you get. Some services, like CorpPass account registration, cost S$100. A company rubber stamp is another option for S$60. Think about these costs when picking a package.

Working with professional corporate secretary services helps keep your company in line with the law. Getting expert advice and comparing packages can make your business run smoother. This choice is crucial for your business’s success. For more info, check this detailed resource.

Get Started with Company Secretary Services in Singapore

Starting with company secretary services in Singapore needs a good plan. First, think about what your company needs and set a budget. Look at different providers and their packages, reviews, and expertise in the industry.

Many companies make it easy to start services online. For example, Osome has a 91% customer satisfaction rate and a 4.9-star Google rating. They offer 100% compliance, fast support, and a dedicated manager for your account.

When you start a business in Singapore, you must have a company secretary within six months. This person must live in Singapore, know the Companies Act, and have the right qualifications. Working with a professional from the start makes starting your company easier and keeps you in line with the law from the beginning.

Here’s a look at what you might pay for company secretary services:

Service	Cost (SGD)
Essential Company Secretary (1 Year)	300
Unlimited Company Secretary (1 Year)	600
Company Stamp	60
CorpPass Registration	100
Striking Off a Company	From 400
Annual Return Filing (Gov Fee)	60
Annual Return Filing (Submission Fee)	60
Registration Preparation & Filing (Gov Fee)	315

These prices show clear and honest pricing with no surprises. Companies like Osome promise fixed prices for renewals, so you won’t face unexpected costs. When starting with company secretary services, remember that professional help can save your company time, keep you in line with the law, and give you peace of mind.

Conclusion

Choosing the right company secretary service is key for a business’s success in Singapore. The Companies Act sets legal rules that must be followed. An experienced professional ensures your business meets these rules and practices good corporate governance.

Having a corporate secretary brings many benefits. They keep records right and help plan board meetings. These experts are key in reducing risks and making your business run better. This helps your business grow in a tough market.

Using top company secretary services is smart for your business. It’s not just about following the law. It’s a way to make your business stronger in Singapore’s fast-paced market. This leads to a bright future for your company.

FAQ

What is the role of a company secretary in Singapore?

A company secretary in Singapore is key to corporate governance and compliance. They make sure the company follows the law, keep records, and help talk between the board and shareholders.

Why is it important to hire a professional company secretary service?

It’s vital to hire a pro company secretary service for good corporate governance and to follow the law. They know how to handle complex legal stuff and deadlines. This lets business owners focus on what they do best.

How do I choose the best company secretary service for my business?

Look for a company secretary service with the right experience and skills for your industry. They should be good at communicating and tech-savvy to meet your needs.

What are the main duties of a company secretary?

The main duties include making sure the company follows the law, keeping records, setting up meetings, and helping with communication between shareholders and directors.

Can startups benefit from professional company secretary services?

Yes! Startups can really benefit from professional company secretary services. They help with following regulations, which is hard for new businesses.

What are some common misconceptions about company secretary services?

Some think these services are only for big companies or that all company secretaries do the same thing. But, services can really differ based on the firm’s skills.

What factors should I consider when selecting a package for company secretary services?

Think about your business size, how many deals you do, and any changes that might affect your governance and compliance. Look at the features and prices of different packages.

How do I get started with company secretary services in Singapore?

Start by figuring out what your company needs and how much you can spend. Look into different services, compare what they offer and what people say about them. Many companies now have easy online sign-ups to help you get started.