5 Ways a Corporate Secretary Can Save Your Singapore Business Time and Money

As a small business owner in Singapore, you’re likely juggling multiple roles while trying to grow your company. At Counto, we understand the challenges you face, and we’re here to show you how a corporate secretary can be a game-changer for your business. Let’s explore five key ways a corporate secretary can save you both time and money.

1. Ensuring Regulatory Compliance

Singapore’s regulatory landscape can be complex, even for small businesses. A corporate secretary keeps your company compliant with all relevant laws and regulations.

How it saves time and money:

• Prevents costly fines and penalties for non-compliance
• Reduces the time you spend researching and interpreting regulations

2. Streamlining Administrative Tasks

From maintaining statutory registers to ensuring timely Annual General Meeting filings, a company secretary diligently manages critical corporate compliance tasks.

How it saves time and money:

• Frees up your time to focus on core business activities
• Reduces the need for additional administrative staff

3. Facilitating Efficient Decision-Making

A skilled corporate secretary supports the board in making informed and timely decisions.

How it saves time and money:

• Accelerates decision-making processes
• Helps avoid costly mistakes due to lack of information

4. Managing Corporate Governance

Good corporate governance is crucial for businesses of all sizes. A corporate secretary helps implement and maintain strong governance practices.

How it saves time and money:

• Enhances your company’s reputation, potentially attracting investors
• Reduces the risk of internal conflicts and related costs

5. Providing Valuable Business Insights

With their unique perspective on your company’s operations, a corporate secretary can offer valuable advice and insights.

How it saves time and money:

• Identifies potential areas for improvement 
• Helps anticipate and address business challenges proactively

✅ Move away from corporate secretarial services that surprise you with unexpected fees. We focus on your savings and efficiency. Our expert team efficiently manages everything from board resolutions to dividend declarations and AGM filings, all at competitive rates. Explore our cost-effective corporate secretarial plans here.

Legal Considerations in Singapore

In Singapore, every company must appoint a qualified corporate secretary within six months of incorporation. The corporate secretary must be:

• A natural person
• Ordinarily resident in Singapore
• Not disqualified under the Companies Act

For private companies, a sole director/shareholder cannot act as the corporate secretary.

How Counto Can Help

At Counto, we offer comprehensive corporate secretarial services tailored to small businesses in Singapore. Our experienced team can:

1. Handle all statutory filings
2. Provide guidance on corporate governance best practices
3. Offer insights on regulatory changes affecting your business
4. Assist with share issuances, transfers, and other corporate actions

Summary

A skilled corporate secretary is more than just a compliance officer; they’re a valuable asset that can save your Singapore business significant time and money. By handling crucial administrative tasks, ensuring compliance, and providing valuable insights, a corporate secretary allows you to focus on what you do best – growing your business.

Try Counto’s company secretary service 

Running a company in Singapore can be challenging, but with professional support, it can be simple. Counto’s goal is to take away the complexities of compliance, and save you time and money throughout the year. To learn more, speak to us directly on our chatbot, email us at [email protected], or contact us using this form.

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