Beginner’s Guide to Choosing the Best Company Secretary Service in Singapore
Looking for a company secretary service in Singapore? Overwhelmed with the number of options that are available to you? The number of companies and the number of Corporate Service Providers helping companies both are at an all-time high in Singapore.
In this article, we look at why you need a company secretary, and we also discuss some of the renowned company secretarial services in Singapore.
Why Do You Need Company Secretary Service in Singapore
For starters, a company secretary is mandatory for Private Limited Companies in Singapore. Every private limited company in the city-state should hire a resident company secretary within 6 months from the date of their incorporation.
A limited company in Singapore will have to answer to the authorities if it doesn’t have a secretary. On the other hand, if they don’t have the resources, they can opt for outsourcing their secretarial needs.
Benefits of Hiring a Company Secretary Service
A secretary is one of the most hardworking employees in a firm. Thus, it is only practical for them to demand a lot of salaries.
Growing Small to Medium Enterprises has a tight budget. Most of the time, they should look for an affordable way out.
When you hire an employee, you have to take care of a lot of things apart from their salary. For example, insurance contributions, bonuses, etc. Not to forget the time and budget you need to spend during the actual hiring process.
With corporate secretary services, you don’t need to worry about the employee packages or training, all of which help you to become very effective with money and time management.
When it comes to secretary services, you get more than what you pay for. CSPs send highly-skilled and competent individuals to work for your firm.
The truth is that with Singapore being an investor’s hub and thousands of companies being opened every year, Corporate Service Providers are busier than ever. This is to say that the competition in their field is very high.
The best secretarial services in Singapore want to retain as many clients as they can. All of them are fighting to become popular in the business community. To be able to do that, they have to get a lot of good reviews and recommendations from their customers.
Additionally, secretarial services are very much experienced in working with companies of all backgrounds. They can understand your requirements and produce great results without any hassle, as they have probably already done what you want them to do before.
It is convenient to hire secretary services, and also easy for you once you start work. Like said before, you won’t have to spend time scheduling interviews, preparing employee contracts, negotiating about the benefits, etc.
Well, you may have to do a little negotiation with secretary services as well. However, as they mostly have fixed prices depending on their responsibilities, and you have a lot of resources on the internet to compare prices the financial discussions won’t be much hassle.
Another benefit of secretary services is that you can easily terminate the contract if their work doesn’t satisfy you. Yes, you could do this with an employee too, but in that case, you would have to pay repercussions.
The entire idea of a company secretary service is to help you grow until the point you have the funds and resources to hire your own secretary.
Your secretary’s services will help you for as long as you need, that is a given. However, they want to take your company to the point where you no longer need them- that is where they get their good reviews and brand authority.
With the Singapore government making it compulsory for firms to have a secretary, we can only imagine how big of a role they play for a venture’s success. Their responsibilities include doing various things for the efficient administration of a company.
They do jobs like helping with the director’s fiduciary requirements, managing times, organizing and preparing for the board meetings, filtering and recording the important conclusions of the board meeting, etc.
A company runs very smoothly when a secretary fulfils its role efficiently. Hence, when you are ensured that you have a great secretary under your wings, it means only good things for your business.
They Give an Idea of What to Expect
Honestly, if you work with the best secretary services, they will have set the bar very high for you. Or, in other words, they will give you an idea of what you deserve when you hire a secretary.
After working with secretarial service, you will understand how a good secretary should operate. You will understand the qualities of a competent secretary so you will be very effective in hiring an in-house employee.
On the other hand, all the roles of the secretary will be apparent to you. So, you will be able to give better instructions to your employees.
All in all, outsourcing with a company secretary service in Singapore allows you to work with industry veterans, who will have given you substantial experience and knowledge
by the time they leave.
Here are the Top 10 Best Company Secretary Service in Singapore
There are many secretarial services in Singapore. We worked with industry experts, and some business owners to discuss the best ones among them.
3E Accounting Pte Ltd
The top service provider is none other than 3E Accounting Pte Ltd. Known for their modernized approach and operations that almost resemble a tech startup, 3E Accounting is arguably the most reputable Corporate Service Provider in Singapore with branches all over the world.
Being able to provide services in more than 100 countries is not a fluke, and it only happens if you showcase amazing skills in your home country. Although they do the same thing as other companies on this list, it is safe to say that they are on a level of their own.
3E Accounting presents themselves as thought leaders, which you will get an idea of when you visit their website. They have many resources and content helping companies with tips about the corporate world.
They have received national awards for their services and have even been featured in national and international newspapers. The reviews on their site and social media are excellent, and when we talked with one of their clients, they reported to us they were very happy with the customer service.
The prices are reasonable for smaller SMEs as well, and they have the best secretaries in the country. As the company and their secretaries might be primarily busy with their existing clients, do call them directly for further enquiries!
|Price Range:||Annual Company Secretary Service (Free AGM) – from $500|
|Company Name:||3E Accounting Pte Ltd|
|Address:||51 Goldhill Plaza #07-10/11, Singapore 308900|
|Phone Number:||+65 6690 9262|
|Operating Hours:||Mon-Fri from 9am to 6pm|
|Key Service(s):||Singapore company structuring and incorporation services, tax management, legal advice, accounting and bookkeeping services, marketing, business registration, offshore company formation, licensing application, immigration, administration, compliance and business advisory support|
3E Accounting Private Limited is a leading corporate services provider in Singapore specialising in providing company secretary service. We have a team of qualified professionals capable of providing the best and highest quality services in accounting, taxation, corporate secretary service, corporate regulatory, marketing and administration support, and more. We provide company secretary services and corporate secretary agent support that can meet all our clients’ needs to serve our clients beyond excellence with the concept of the 3Es: Efficiency, Effectiveness and Economy.
Highlights About the Company
Greatest expertise to serve beyond excellence
3E Accounting members belong to organisations such as the Association of Chartered Certified Accountants (ACCA), the Institute of Singapore Chartered Accountants (ISCA) and the Singapore Institute of Accredited Tax Professionals (SIATP). 3E Accounting has professionals with great expertise who are capable of providing exceptional services to our clients.
Most comprehensive and responsive services
3E Accounting is the first SME accounting firm in Singapore and the region to adopt robotics technology and revolutionise the Accounting and Professional Services Industries. By adapting to the emerging robotics technology, we innovate robots that save 90% of time spent on tasks and increase 3E Accounting’s productivity and efficiency to serve our clients beyond excellence. We have garnered numerous positive reviews from our satisfied customers as we provide the most comprehensive, responsive and fast service in Singapore.
Cost-saving one-stop solution for your business
For cost-conscious companies seeking to register new company corporation in Singapore, 3E Accounting is the one-stop solution for all corporate formation needs. We offer comprehensive accounting-related services that meet the highest standards for professionalism, timeliness and value. Our company provides unsurpassed expertise in all aspects of corporate formation, including accounting, taxation, secretarial, marketing.
3E Accounting has won numerous outstanding awards and gained recognition in the industry. 3E Accounting is led by accredited and experienced professionals. We are an ACRA Approved Corporate Service Provider, ACCA Approved Employer, ATO approved firm to train Chartered Accountant of Singapore under Singapore Qualification Programme (Singapore QP) by the Singapore Accountancy Commission “SAC”, and more. 3E Accounting has also won many awards, such as TAFEP Exemplary Employer Award 2016 and Singapore’s Best Home-grown Global Accounting Network Award.
Rikvin Pte Ltd
Rikvin is a part of the parent company Incorp group, which primarily offers company registration service in Singapore. They started providing company secretarial services to make it more convenient for clients to open a company, as their clients would not have to look for a secretary, but outsource from their incorporation service provider.
Well, they may have other explanations for their company secretary service, but whatever it is, everything that matters is that their services are great. Almost all of their reviews are positive, and they have their own share of both big and small clients. Another good thing is that Rikvin provides services mostly to SMEs, so it can be a great alternative, based on the price as well.
Osome Pte Ltd
Osome is a fairly new company on the list, which started its services from 2017 but has been able to establish itself in a short time. Just like other companies we have been discussing, they are a full-on Accounting company providing Corporate Services, and company secretarial is one of them.
Even if Osome is not a big name like the others, they are competent and are one of the firms that are rapidly building as a brand. Thus, their service prices are low but may increase in the coming days.
By the way, the costs start at only $300 for basic secretary tasks. Of course, for that money, you won’t get a dedicated secretary, but will just do the job if you are a very small company which has just started making some profits.
For firms with more concrete goals, Osome has other price plans which their clients have reported to be ‘fairly transparent.’
The name specifically says that the company is an accounting company, but every other firm on this list is the same. Well, AI Accounting is another popular solution for company secretary service in Singapore. They have two ranges of services- routine and non-routine.
In their routine secretarial services, they look after the secretarial services of a company for a long time. In this case, the contracts generally last for a year or more.
On the other hand, non-routine company secretarial services consist of a one-and-off type of contract. Companies who already have secretaries can contact AI Accounting for individual jobs like Approval of Director Fees, Appointment of Auditor, Change in Bank Signatory, etc.
Well, routine or non-routine, AI Accountant has great executives on its team. Their services are beneficial for both smaller firms and bigger enterprises, as they have the resources and price plans for everyone.
It is only natural for you to come across Reliance Consulting at least once when you are looking for a secretarial service provider in Singapore given that they have a strong internet presence. The company staff is highly interactive with clients and prospects.
Reliance Consulting has around 18 secretarial staff working for more than 400 companies. Their prices are highly modifiable, meaning that you don’t have to pay for the services you don’t need. The costs also depend on the type of companies, with Local SMEs having to pay less than foreign businesses.
Well, the lesser number of workforce and a big clientele could create some doubts. But according to their existing clients, Reliance Consulting is very effective at time management. Thus, with good recommendations, it definitely is a service provider you should talk to if you are looking for the best secretary service in Singapore.
SBS Group is another company you will come across while looking for a company secretary service in Singapore. Well, they have proved themselves to be efficient and prudent on the matter, with not only them, but many of their clients reporting they are effective and time-efficient.
SBS Group’s prices are good, even if not the lowest, companies will be able to afford them. Well, at least what we can say is that once you start working with them, you won’t be complaining about the money. They are very responsive to messages, queries, and requests, which makes it fun and easy experience to work with the company.
Boasting a big clientele, an excellent track record, and consistency in performances, the SBS group is definitely a company you should contact.
Helmi Talib Group
Helmi Talib Group is your classic company secretarial services provider which offers great services. With over 25 years of experience under their belt, they are sure to provide you with long-standing expert services, that is quick and efficient.
We have had a couple of reviews for the company, and they are favourable. They certainly make sure that client expectations are met, a philosophy that we can see forms the centre of their business operations. Working with them, you will receive all the benefits that we talked about earlier in this article.
This growing SME firm can also assist you in meeting a host of other compliance requirement services ranging from audit, tax, and accounting. Supported by over 50 accounting professionals, the corporate secretarial services provided by the Helmi Talib Group is one that fits everyone’s budget and requirements, which is a plus point including its good customer service. You can directly contact them through their website.
Corporate Guide Singapore
CorporateGuide performs well when we analyze its secretarial services. The firm has had clients from various sectors including fashion, retail, trader firms, and even a music college, and some of its clients were comfortable enough to let their names be denoted on their website.
This little thing says a lot because while working with a Corporate Service Provider, most of the client companies prefer their names to be confidential.
Well, CorporateGuide offers other services apart from secretarial as well, which consists of registration and consulting, accounting and bookkeeping, trademark and filing, etc. so not all of their clients specifically have hired their secretaries. However, if we believe in ones that have done so, they haven’t had many issues and were satisfied.
You can talk to the firm directly to know about their services and their cost. Who knows, you may end up hiring them.
With small and even the subsidiaries of multinational companies trusting them, it is no wonder that BDO LLP made it to our list of top 10 company secretary service in Singapore.
Firms in the manufacturing, hotelier, marine, transportation, electronics, and other sectors have experienced excellent results working with them. Thus, there is a big chance you will be one of the enterprises in their long list of satisfied customers.
By this point, you may already have figured out that the skills, costs, and customer services were the main factors while compiling this list. So, BDO LLP is also an affordable solution if you have a smaller firm. You can directly contact them through their site.
Mostly known for being a preferred choice for foreign investors to incorporate in Singapore, we should also commend PilotoAsia for its company secretary service.
The company mostly offers its services in packages, i.e., it incorporated most of its secretarial clients. However, you can also outsource its secretaries separately.
We don’t have many insights about their costs, but most of their clients are happy, so we can infer they are low. If you are interested whatsoever, you can easily ask them. Piloto Asia lets you book a consultancy directly from their site.