Corporate Solutions

Company Incorporation

Due to Singapore exceptional political and financial stability, many business owners and investors chose Singapore as their ideal location to establish their companies.

To incorporate a company in Singapore is easy and paid-up capital could be as low as S$1. Nevertheless, with a low paid-up capital, this may lead to issues with company branding, customers’ confidence, and business risks. 

As the specialist in incorporating companies, we will help business owners to form private limited companies for locally-owned and foreign-owned incorporation. For foreign-owned companies, there is a legal requirement to hire local directors so the effort and cost for such incorporation is more which we have solutions to cover this. For foreigners who are eager to relocate to Singapore to manage their company, we have integrated solutions that include management advisory, work pass application, and etc.

There are many questions or concerns when an individual or a group of individuals want to incorporate a company. This includes, but not limited to, the types of entities available for company registration in Singapore, how to retain a good compliance rating with the regulatories, how to open a corporate bank account, the business plan, source of funds, and more. 

At HuOrgCology, our team of management consultants will guide you through the process and assist in setting up your company structure to strengthen your company’s value proposition.

Company Secretary

Company secretary is one of the legal requirementst that is legally required by ACRA for every company to appoint a company secretary within 6 months of its incorporation to avoid any regulatory penalty. 

Very often, companies engage corporate secretarial provider in Singapore to provide them with corporate secretarial services. Responsibilities of company secretary take on an enormously job scope, with their work ranging from reporting, updating of company information on ACRA to preparing the agenda for annual general meetings (AGMs) and provide advisory for the Management/Board of Directors/Shareholders. Here are the several duties performed by a company secretary: 

  1. Updating and filing with ACRA 
  2. Maintenance and upkeep of statutory registers
  3. Preparation of board meetings and AGMs/EGMs
  4. Basic advisory with regards to Companies Act
  5. Miscellaneous company secretary services

The responsibilities and roles of a company secretary are essentially related to legal compliance as failure to perform these duties satisfactorily may lead to severe consequences for both the company and business owners. Inaccuracies could also resulted in penalties, detention and the removal of a director and/or company secretary from his/her appointment or strucking off the company.

Thus, the importance of appointing a competent and trustworthy company secretary is important.

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