Setting up a company in Singapore does not have to be a complicated matter. Under Thong & Lim’s corporate secretarial arm, Ley & Howe Corporate Services which is a registered filing agent with the Accounting and Corporate Regulatory Authority (ACRA), we help you to fulfil your statutory duties according to the regulations stipulated in the Singapore Companies Act.
Where required, we also arrange to act as the registered address, nominee resident directors and named company secretaries for our clients who do not have a physical office in Singapore.
Appointing a corporate secretary may be beneficial as corporate secretaries are required to be certified accountants, lawyers or be members of the Singapore Association of the Institute of Chartered Secretaries and Administrators (SAICSA). The many statutory requirements entail that any person acting as secretary on behalf of the company should have sound knowledge of the Companies Act. The stringent requirements of acting as a qualified corporate secretary ensure that companies meet all their corporate obligations with ACRA and to shareholders.
Under Section 145 (1) of the Singapore Companies Act (Cap. 50), every private limited company is required to have at least one director who is “ordinary resident in Singapore”. However, if you are a foreign company incorporating in Singapore and do not know anyone in Singapore who can become a director of your company, we can arrange for a nominee director to act on behalf of your company in Singapore.
Generally, the business decisions should be made by the directors of the Company. The corporate secretary should be the person who maintains the records of a company and oversees the certification of company documents. A corporate secretary may also provide advice to ensure business decisions undertaken are fully compliant with the Companies Act.
Contact us for more details. We would love to hear from you! Get in touch with one of our professional consultants now using the online form below or calling +65 6224 1076.