CORPORATE SECRETARIAL SERVICES

To start a new business in Singapore, all business owners must register their business with ACRA. As a director of the Company, we would like to draw your attention on the following compliance requirements:

1. Section 171 – Appoint a secretary within 6 months of its incorporation.
2. Section 175(1) – Requires a company to hold its first Annual General Meeting (AGM) within 18 months after its incorporation and subsequent AGMs must be held every calendar year end and the interval between AGMs should not be more than 15 months.
3. Section 201(1) – Financial Statements laid at the AGM must not be more than 6 months old for private or non-listed public companies.
4. Section 197(4) – The Annual Return must be filed within one month after holding the AGM.

For Incorporation of a Private Limited Singapore Company, our inclusive package starts from S$1,200 in connection with the incorporation:

• Registration fee for incorporation
• Company name check & reservation
• Business Information Profile
• Certificate of incorporation
• Share certificates
• One brass common seal
• Company's Constitution (M&A)
• Minutes book and share register

For existing compaines in Singapore, our fee for 1 year Corporate Secretarial Services starts from S$60 per month and includes:

• Provision of a Company Secretary
• Advise client on the on-going statutory and compliance requirements of the Company
• Preparation of board resolutions, notice and minutes of AGM
• Filing of annual return with ACRA
• Safe keeping and updating of the Company’s statutory books and registers

ACCOUNTING AND BOOK-KEEPING SERVICES

Book-Keeping

The software enabled book keeping services will be provided on a yearly basis in the following areas:

1. Set up the charts of accounts.
2. Record all payments and fund received.
3. Prepare bank reconciliation statements.
4. Record all sales and trade debtors.
5. Record all purchases and trade creditors.
6. Record prepayments and accruals.
7. Record all assets purchased and related depreciation.
8. Extract trial balances and general ledger.

Management Report & Year End Closing

1. Generate profit and loss account and balance sheet.
2. Generate aged analysis of debtors and creditors
3. Prepare the year-end financial statements, which incorporate the balance sheet, income statement and balance sheets schedule.
4. Liaise with the auditors on the accounts review and finalisation of the financial statements.

We prepare the accounts according to Singapore Companies Act and Singapore Financial Reporting Standards. The detailed scope of work and the fee charges are based on our standard procedures from S$300.00 per month.

ANNUAL COMPILATION OF UNAUDITED FINANCIAL STATEMENTS

Company that is exempted from the audit requirement is still required to prepare a full set of unaudited Financial Statements. These statements are prepared in accordance with the provisions of the Singapore Companies Act, Chapter 50 (the “Act”) and Singapore Financial Reporting Standards, which includes Statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information. 

You will require the unaudited Financial Statements for the purpose of Annual General Meetings, tax submission and accountability to shareholders of the company. The Financial Statements is required to obtain banking facilities, apply for government grants and to meet regulatory requirements in some specific industries.

The compilation of the accounts is based on the relevant records/documents, information and explanation supplied to us and charges from S$1,000 per annum.

CORPORATE TAX SERVICES

We are geared to assist you in monitoring and meeting statutory deadlines through the preparation and filing income tax returns and computations to the Singapore tax authority (IRAS).

We offer tax compliance services which may include:

1. Keeping you up-to-date with Singapore tax regulations (include Annual Singapore Budget updates) which may affect your company and compliance requirements.
2. Monitoring the statutory tax filing deadlines and working closely with your company to meet the filing deadlines.
3. Preparation and filing of estimated chargeable income (ECI) which has to be filed within three months from the accounting year end.
4. Preparation/reviewing tax provision calculations based on your information and highlight any tax issues identified in the course of our preparation/review of the information provided.
5. Submitting the finalised tax return and computation of your company for signature and agreement before filing with the IRAS.
6. Advising on the tax payments due dates upon receipt of the Notice of Assessment (NOA).

Our fee are based upon the degree of responsibility and the time necessarily incurred on the work from S$500 per annum

Other non-routine tax services, such as Goods and Services Tax (GST) matters and withholding tax filing, if required shall be rendered at a separate charge.