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Tel：+86 400 118 5939Singapore has world-class ports and international airports, as well as a well-developed communication and free economic system. Establishing a Singapore company is beneficial for enhancing the international reputation of the enterprise, flexibly and reasonably avoiding taxes, improving the competitiveness of products in the international market, and reducing export tariffs. Therefore, many entrepreneurs choose to register overseas companies in Singapore, but when registering a Singapore company, the local registration authority requires the company to have a legal secretary. What exactly is the legal secretary of a Singaporean company? What do you do? Below, Hongyuan International Consulting will provide answers.
What does the legal secretary of a Singapore company do?
Singaporean companies must appoint a secretary within 6 months from the date of establishment. The company secretary must be a natural person or a local Singaporean. The company secretary is a statutory position, which includes reporting to the company registry about the company's structure and any major personnel changes; It is also necessary to prepare the company's meeting agenda for the board of directors, prepare for the annual general meeting of shareholders, and provide professional consultation on relevant statutory regulations.
The responsibilities of the statutory secretary of a Singapore company are as follows:
1. Save and manage the company's legal registration documents and record updates (including shareholder resolutions, meeting minutes, articles of association, stocks, director shareholder registration documents, etc.);
2. Prepare and issue share certificates, draft board resolutions for Singapore companies;
3. Follow up with the Singapore Registry ACRA and the Singapore Inland Revenue Agency IRAS;
4. Submit statutory reports, forms, and documents to the Singapore Registry;
5. Provide Singapore bank account opening or closing services (including preparing documents);
6. Draft notices and agendas for annual/special meetings;
7. Responsible for matters such as company share transfer, shareholder change, director change, secretary record, company name, registered address change, capital increase or decrease, bank signature change, etc;
8. Convene and attend board and shareholder meetings;
9. Prepare minutes and resolutions for the board of directors and shareholder meetings;
10. Suggest and remind clients of the final date for the annual general meeting of the company;
If a non Singaporean is registering a Singapore private company, they must use the services of a registration and filing agent (such as a law firm, accounting firm, or company secretary firm) to submit an online application. Most of them are submitted online using secretarial companies that meet the qualification requirements for secretaries. The secretary company also needs to be registered and established by the Singaporean person themselves, and they need to participate in relevant qualification exams according to ACRA requirements in order to apply for relevant certificates.
For more questions about Singapore company registration, please feel free to consult Hongyuan International.
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