A Company secretary is required for every private limited company and is essential for meeting all statutory filing compliance.
Our company secretary services include:
- Incorporation of Singapore, Malaysia and offshore companies
- Maintains proper registers and minute book
- Filing statutory forms with the Accounting and Corporate Regulatory Authority (“ACRA”)
- Preparing minutes of company’s AGM, Board of Directors’ and shareholders’ resolutions, and file all required documents to ACRA.
- XBRL filing
- General advisory on corporate matters
- Striking off and liquidation
- Conversion from a sole proprietorship/ partnership to a local Company.
- Registered Address
- Nominee Directorships
Incorporation
Different types of company registration
YCS provides a comprehensive range of services relating to business formation, including:
- Incorporating of a private limited company
- Incorporating of a limited liability partnership (LLP)
- Registration of a branch in Singapore
- Registration of Singapore Representative Office
Our work does not end with business setup. We support every stage of a business development from company incorporation to regional expansion. We provide one-stop solutions to business.
Benefits of Incorporating a Private limited company
Private limited company is the most preferred and common business form in Singapore. The majority of companies in Singapore are registered as companies limited by shares. The reasons are:
- Separate legal entity
- A private limited company is a legal entity on its own separate from its owners. Therefore, company’s directors and shareholders are not liable for company’s debts
- Ease of entry
- The company’s share can be 100% owned by a foreign individual or company
- No controls or restrictions on repatriation of profits to investors
- Only requirements is that the company has at least one local director (Singaporean Citizen, Permanent Resident or EntryPass Holder) and a local company secretary, of at least 18 years in age without prior bankruptcy record
- Tax advantage
- Enjoys special tax exemptions on first S$ 100,000 taxable income for first three years from incorporation
- Low flat tax rate of 17% on taxable income
- Zero taxes on capital gains and dividends income
Click HERE to set up your company.
Nominee Director Service
A private limited company requires at least one individual director who has to be an ordinary resident of Singapore ie being one of the following:
- Singapore citizen OR
- Singapore permanent resident OR
- Singapore employment/dependant pass holder.
If you do not have a local Singapore resident director to meet the requirement of the Singapore Companies Act, you can engage our Nominee Director Service at a very affordable rate. Our nominee directors are degree graduates, qualified professionals and have absolutely good reputation to facilitate the company incorporation without a hitch.
We will provide you with a local Nominee Director for your company provided the followings conditions are met:
- The service is offered for statutory compliance only. The Nominee Director will not be involved in any management, financial, or operational matters of the company.
- You must appoint one or more individuals (normally the company shareholders) to be the directors that are responsible for running the company operations.
- You must satisfy our initial and ongoing equirements.
- Execute our Nominee Director Indemnity Agreement.
We will also require a refundable security deposit for the provision of the Nominee Director Service. The service can be terminated any time at your convenience. You, however, must appoint a new Singapore resident director to meet the statutory requirement.
