Business Solutions
Our business solutions team assists clients to optimise their resources, so that they can focus on their business objectives. Our services include corporate secretarial services for both Singapore and certain overseas entities, accounting and GST support services, payroll processing and related services, employment related services (such as assisting with application for work passes / visas), and notarisation services for overseas subsidiaries or branch offices.
Services we offer include:
Corporate Secretarial Services for Singapore Entities
Business Establishment
- Advise on modes of operation in Singapore, and the type of entity suitable for our clients for operations in Singapore.
- Assist in incorporation of companies / variable capital companies / registration of branches and representative offices / registration of business names.
- Opening of new bank accounts.
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- Assist in documentation needed to open bank accounts, and
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- Arrange for meeting with bank officers to witness signatures of bank signatories.
Corporate Secretarial Services
- Provision of named secretary.
- Provision of registered office address.
- Maintain and update the following Statutory Registers and Minute Books:
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- Statutory Registers
- Members, Directors, Secretaries and Auditors
- Directors’ and CEO’s shareholdings
- Mortgages or charges
- Registrable Controllers, Nominee Directors, and Nominee Member
- Statutory Registers
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- Minute Books
- Assist with the management of a Singapore company’s share capital by: –
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- Assisting to create different classes of shares with different rights, privileges, and restrictions.
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- Managing the process of issuing new shares.
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- Facilitating share transfers.
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- Assisting in share redemptions.
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- Assisting in capital reduction process.
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- Assisting in capitalisation of loan by way of allotment of shares.
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- Assisting in dividend distributions by way of issue of new shares.
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- Assisting in corporate restructuring.
- Convene Board Meetings and General Meetings.
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- Where required we will attend and take minutes of meetings.
- Prepare directors’ and shareholders’ resolutions.
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- File Annual Returns with Accounting and Corporate Regulatory Authority.
Assist with company application for striking-off, and deregistering of business names.
Other ad-hoc services for entities in Singapore.
Including:
- Business licences
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- Assist to apply for business licences
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- Updating of information for existing licences
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- Renewal of licences
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- Terminating existing licences
- Statutory due diligence for mergers & acquisitions transactions
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- Review the Statutory records for compliance with Accounting and Corporate Regulatory Authority (“ACRA”) Regulations, including:
- Sighting and review of Statutory Registers, Minutes Books, and other corporate secretarial records
- Review of lodgements filed with ACRA
- Sighting and review of Statutory Registers, Minutes Books, and other corporate secretarial records
- Review the Statutory records for compliance with Accounting and Corporate Regulatory Authority (“ACRA”) Regulations, including:
Corporate Secretarial Services for Offshore Entities
We will liaise with service providers in offshore jurisdictions to:
Setup new offshore entities.
Maintain statutory records of offshore entities.
Fulfil statutory obligations in relevant jurisdiction.
Including:
- Providing accounting support services.
- Filing of economic substance returns and annual returns.
- Payment of government license fees.
- Arranging for the issue of certificates of good standing / incumbency.
- Monitoring regulatory changes and providing advice on necessary updates needed to maintain compliance.
Liquidate offshore entities.
Assist with company application for striking-off, and deregistering of business names.
Accounting Services
Prepare regular management accounts, customised reports and analyses of the management accounts according to your requirements.
Prepare statutory financial statements.
Facilitate statutory audits (if full sets of accounts and supporting documents are maintained by us) by liaising with your company’s auditors.
Payroll Services
We offer the following payroll processing services: –
Maintain payroll registers.
Perform payroll calculations.
Administer timely and accurate payroll payments.
Including:
- Net salaries to employees
- Skills Development Levy to SkillsFuture SG
- Central Provident Fund contributions to CPF Board
- Contributions to Self-Help Groups and SHARE Donations
- Foreign Worker Levy to Ministry of Manpower
Filing of CPF contributions.
Generate itemised payslips for distribution to employees.
Prepare and file annual returns of employees’ employment income (Forms IR8A/IR8S) and where applicable, tax clearance returns (Form IR21).
Check accuracy of National Service Make-Up Pay and follow up with Ministry of Defence or Ministry of Home Affairs to resolve identified discrepancies.
Conduct training sessions for clients’ employees to understand the rights and obligations as well as the responsibilities of both employers and employees under Singapore employment legislation.
Goods and Services Tax (GST) Support Services
GST registration
- Registration for GST under the appropriate GST scheme.
- Application for exemption from GST registration.
GST compliance
- Filing of quarterly GST returns
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- Prepare and file GST returns.
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- Review of GST returns prepared in-house prior to submission to the Inland Revenue Authority of Singapore (“IRAS”).
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- Follow up with the IRAS on GST refunds.
- Appeals and objections: –
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- File objections against tax assessments by the IRAS.
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- File appeals against decisions made by the IRAS. Where necessary, we will work with tax lawyers during the process.
GST de-registration
Apply for cancellation of GST registration.
Employment-related Services
Assist with various work pass and relevant applications including
- Employment Pass
- Entrepreneur Pass
- Personalised Employment Pass
- S Pass
- Dependant Pass
- Long Term Visit Pass
- Overseas Networks and Expertise Pass
- Permanent Residency
Other Services
Notarisation and certification of documents / certificates / licenses of Singapore entities required for overseas subsidiaries or branch offices to meet business requirements.