Corporate Secretary in Singapore is one of the key positions in the structure of Singapore companies. He oversees compliance with all regulatory requirements prescribed by the corporate law of the Republic of Singapore and ensures the efficient internal management of the company, including the payment of dividends and the enforcement of board resolutions.
The company secretary is responsible for an extremely wide range of issues especially when it comes to public companies, i.e. companies whose shares are traded on the stock market.
RSBU launched in Singapore in 2013 and over the years has helped thousands of companies with their legal and business needs.
RSBS provides licensed secretarial services with more than 20 years of experience. Depending on your needs, we can offer you a full range of services ranging from annual corporate services for your company to one-off resolutions and services for full compliance with the Singapore Companies Act.
Our annual service packages are available to meet the needs of both start-ups and established companies:
STANDARD
Basic Package
BUSINESS
Standard Package
PREMIUM
Extended package
VIP
Maximum package
One-time services:
You can also take advantage of our one-time corporate secretarial services in Singapore. One-off services allow you to protect your interests and act in full compliance with the requirements of the Singapore Companies Act without incurring renewal obligations:
Corporate Secretary Services;Price per service $
Appointment of director;200
Dismissal of a director;200
Changing the data on directors;150
Approval of director's fee;200
Appointment of an auditor;200
Departure of auditor;200
Appointment of secretary;200
Resignation of corporate secretary;200
Transfer to SSRS service;200
Corporate Secretary Services;Price per service $
Increase in shares;300
Transfer of shares;400
Stock Split;300
Consolidation of shares;300
Change in the amount of share capital;300
Update of personal information of the shareholder;150
Announcement and approval of dividends;200
Change of beneficial shareholder;200
Acquisition of shares in another company;200
Corporate Secretary Services;Price per service $
Declaration of director's remuneration;200
Change of registered address;120
Changing business activities;120
Company name filing;100
Changing the company name;400
Filing a company name complaint with ACRA;400
Changing fiscal year end date;400
Changing the company constitution;400
Liquidating a dormant company;500
Liquidation of existing company;800
Application for exemption from Singapore Financial Reporting Standards;400
Application for waiver of annual filing of forms and documents relating to the operations of a foreign company in Singapore;400
Application for waiver of form and contents of accounts and reports;400
Application for S23 (2) land licence;400
Application for absence of the word "Limited" or "Berhad";400
Application to Registrar for change of name;400
Statement of Errors (NOE);200
Association Registration;800
Corporate Secretary Services;Price per service $
Assistance in opening a bank account for non-clients;1000
Assistance in opening a bank account for clients from incorporation of a company (in a package);500
Closing of a bank account;400
Change of bank account signing;200
Signing of the documents by the secretary for the bank account (at the secretary's office);150
Signing of the documents by the secretary for the bank account (on-site);300
Resolution for credit application;150
Corporate Secretary Services;Price per service $
Extension of AGM filing period (30 days);300
AGM extension (60 days);500
AGM filing;120
Filling out of annual return to ACRA;150
Stamp Stamp;150
Company stamp;50
Company stamp with individual design;100
Certification of a document for the bank by a corporate secretary;100
Registration of information about expenses;200
Request for forms provided at filing to ACRA;100
Non-disclosure agreement;120
Agreement on rights and obligations of a nominee director;120
RSBS specialists are always ready to help you in all matters related to company registration, accounting and financial reporting, issuance of work and long-term visas, search for business partners and comprehensive support of your business in Singapore.
RSBS is a licensed registrar and corporate services provider headquartered in Singapore. Started operating in Singapore in 2013 and over the years has helped thousands of companies from Russia and CIS countries with their legal and business needs.
We have been cooperating with RSBS since the creation of our company, namely since 2017. This is a team of professionals who can be trusted with tasks of various complexity, from company registration to assistance in some aspects of business. I am grateful and glad for our partnership!
Dmitry Malakhovsky
Director & Co-Founder, Ecoway Technologies Pte.Ltd.
Anastasia Oleinik
Prima Music Pte Ltd
RASA expresses its sincere gratitude to RSBU. Our cooperation began in 2019 with the registration of the company and continues to the present day.
During the period of our cooperation, RSBU representatives have shown high professionalism and efficiency in performing the designated tasks. We receive constant support in the ongoing financial and organizational processes of the company. We are very satisfied with our cooperation with RSBU and we certainly recommend this company as your reliable and trusted partner.
Tatiana Meshkova
I used the services of RSBU in order to open my own company in Singapore. Good service. The consultants actively answer questions and respond quickly if problems arise. Especially valuable is the fact that even after successfully opening a company, the consultants give advice on documentation and doing business in Asia.
I recommend it!
RASA Pte Ltd
We have been cooperating with RSBS since the creation of our company, namely since 2017. This is a team of professionals who can be trusted with tasks of various complexity, from company registration to assistance in some aspects of business. I am grateful and glad for our partnership!
Dmitry Malakhovsky
Director & Co-Founder, Ecoway Technologies Pte.Ltd.
Anastasia Oleinik
Prima Music Pte Ltd
RASA expresses its sincere gratitude to RSBU. Our cooperation began in 2019 with the registration of the company and continues to the present day.
During the period of our cooperation, RSBU representatives have shown high professionalism and efficiency in performing the designated tasks. We receive constant support in the ongoing financial and organizational processes of the company. We are very satisfied with our cooperation with RSBU and we certainly recommend this company as your reliable and trusted partner.
Tatiana Meshkova
I used the services of RSBU in order to open my own company in Singapore. Good service. The consultants actively answer questions and respond quickly if problems arise. Especially valuable is the fact that even after successfully opening a company, the consultants give advice on documentation and doing business in Asia.
I recommend it!
Сотрудничаем с РСБС с момента создания нашей компании, а именно с 2017 года. Это команда профессионалов, которым можно доверить задачи разной сложности, начиная от регистрации компании и заканчивая помощью в некоторых аспектах деятельности. Благодарен и рад нашему партнерству!
Малаховский Дмитрий
Директор & Соучредитель
Ecoway Technologies Pte.Ltd.
RASA Pte Ltd
Seafood International Trade Pte Ltd would like to thank RSBU for their long-term and fruitful cooperation. We have been customers of RSBU since its incorporation and RSBU has established itself as a task-oriented and result-oriented company.
Olga
Seafood International Trade Pte. Ltd.
Maxim R.
Wowlink Pte. Ltd.
Working with RSBU leaves only positive impressions in the memory. The team stays in touch even during holidays and off hours.
Our business is quite specific, requiring licensing, legal expertise and we get help from RSBU on all these matters. What to say about the basic needs of opening a company and accounts, everything is at the highest level here.
Vitaly Isayev
We registered a Private Limited Company in 2020 with RSBU. The RSBU team worked perfectly, the documents were prepared professionally, the registration of the company and the opening of the bank account went smoothly.
RSBU also provided our company with a nominee director, an official address, and helped us keep the books. We are very pleased with the quality of service, responsiveness and professionalism of the RSBU staff. You can see that the company and team are constantly improving and enhancing the quality of services provided. Thank you very much for your work!
Сотрудничаем с РСБС с момента создания нашей компании, а именно с 2017 года. Это команда профессионалов, которым можно доверить задачи разной сложности, начиная от регистрации компании и заканчивая помощью в некоторых аспектах деятельности. Благодарен и рад нашему партнерству!
Малаховский Дмитрий
Директор & Соучредитель
Ecoway Technologies Pte.Ltd.
Spacefox Pte Ltd.
Seafood International Trade Pte Ltd would like to thank RSBU for their long-term and fruitful cooperation. We have been customers of RSBU since its incorporation and RSBU has established itself as a task-oriented and result-oriented company.
Olga
Seafood International Trade Pte. Ltd.
Maxim R.
Wowlink Pte. Ltd.
Working with RSBU leaves only positive impressions in the memory. The team stays in touch even during holidays and off hours.
Our business is quite specific, requiring licensing, legal expertise and we get help from RSBU on all these matters. What to say about the basic needs of opening a company and accounts, everything is at the highest level here.
Vitaly Isayev
We registered a Private Limited Company in 2020 with RSBU. The RSBU team worked perfectly, the documents were prepared professionally, the registration of the company and the opening of the bank account went smoothly.
RSBU also provided our company with a nominee director, an official address, and helped us keep the books. We are very pleased with the quality of service, responsiveness and professionalism of the RSBU staff. You can see that the company and team are constantly improving and enhancing the quality of services provided. Thank you very much for your work!
Сотрудничаем с РСБС с момента создания нашей компании, а именно с 2017 года. Это команда профессионалов, которым можно доверить задачи разной сложности, начиная от регистрации компании и заканчивая помощью в некоторых аспектах деятельности. Благодарен и рад нашему партнерству!
Малаховский Дмитрий
Директор & Соучредитель
Ecoway Technologies Pte.Ltd.
Spacefox Pte Ltd.
Frequently Asked Questions (FAQ)
Corporate Secretary in Singapore is one of the key positions in the structure of Singapore companies. He oversees compliance with all regulatory requirements prescribed by the corporate law of the Republic of Singapore and ensures the efficient internal management of the company, including the payment of dividends and the enforcement of board resolutions.
Under the Companies Act, section 171(1), every Singapore company is required to appoint a local company secretary within 6 months of incorporation. The company secretary must be a natural person and a resident of Singapore.
Under the Companies Act, Section 171(1), the company secretary must be:
A natural person;
A resident of Singapore.
No. If you are the sole director of a company, you cannot be its corporate secretary at the same time.
Only if the foreigner is a resident of Singapore. Since under the Companies Act, section 171(1), the company secretary must be:
A natural person;
A resident of Singapore.
Company secretaries perform an extremely wide range of tasks and the larger the company, the greater the layer of tasks falls on the corporate secretary. Especially if we are talking about public companies. For smaller companies, the range of responsibilities of a secretary is much smaller.
It is the secretary's responsibility to make sure that the company and its executives are acting within the law. In addition, corporate secretaries are responsible for communicating with shareholders to ensure that dividends are paid in the correct amount and on time, maintaining company records, filing annual reports to IRAS and ACRA, preparing resolutions and recording decisions of the board of directors. As well as proper storage of all official documents of the Company (reports of shares issued, minutes of all meetings of the Board of Directors) and the Company's stamped seal.
The full range of tasks and duties of the Company secretary can be roughly divided into 15 categories.
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A corporate secretary is an essential figure for the existence and smooth operation of your Company in Singapore. Which may indicate poor performance of your current secretary:
You must keep track of important dates for your company by yourself
You do not receive advice on how to regulate your business and amendments to existing laws
You've been hit with fines that a corporate secretary could help mitigate or avoid
You are dissatisfied with the price-quality ratio of services
If you have decided to change your Singapore company's corporate secretary, check out this short guide on the subject:
The new company secretary must sign Form 45B, agreeing to the appointment.
The retiring secretary must sign a letter of resignation as secretary of the Company.
The new Secretary of the Company shall prepare a resolution of the Board of Directors on the resignation of the current Secretary and a resolution appointing a new Secretary.
The new company secretary must sign Form 45B, agreeing to the appointment.
The old secretary must turn over all necessary Company records and registers to the new secretary.
The resignation of your current secretary and the appointment of a new secretary will be handled by your new secretary. He or she is the one responsible for making sure that the necessary resolutions are correctly filed, that records are transferred, and that changes do not disrupt your business process.
Under Singapore law, you have the right to replace your Corporate Secretary without his or her consent. To do so, you must:
Your new secretary has prepared a board resolution resigning the current secretary and appointing a new secretary.
The Director of the Company needs to sign a resolution
Notification of these changes must be sent to ACRA within 14 days of the date of the resolution.
Letter of Consent (LOC)
is an official work permit from the Singapore Ministry of Labor for Dependant Pass holders who are owners of a business registered in Singapore, and LTVP/LTVP+ who are spouses or unmarried children of Singapore citizens and permanent residents.
Employment Pass (EP) - is a Singapore work visa intended for highly qualified foreign professionals and executives working in Singapore with appropriate qualifications and a salary of at least SGD 4,500 (~3,355 USD) per month for all companies and at least SGD 5,000 (~3,650 USD) for the financial sector.
Singapore is one of the largest financial centers in the world. There are more than 200 banks, including 111 commercial banks providing a wide range of banking services.
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