How Can Outsourcing of Corporate Secretarial Services be Beneficial For Your Business?
Having a company secretary in a Singapore company is as essential as other officers like directors and shareholders. Unlike the other officer’s job, the corporate secretarial services can be outsourced to the third-party company. The trend of outsourcing this non-core task is rising among the businesses including small and medium-size business. Outsourcing is no longer a matter of luxury for the SMEs. There are hundreds of services providers in the Singaporean market who offer comprehensive company secretarial services to the businesses. Believe it or not, the companies using the service of good and reliable firms are happy with their decision. Significance of Corporate Secretary Singapore The importance of a company secretary Singapore companies is immeasurable. He/she is accountable for all fiduciary activities of the organization. Most importantly, as per the Singapore Companies Act, every locally incorporated company in the jurisdiction must appoint a company secretary within six months of company incorporation. The secretary is responsible for ensuring that the organization has followed the correct procedure while complying with legal obligations. In addition, the secretary will ensure that board procedure has been implemented efficiently. They are responsible for promoting corporate governance within the organization. The authorities or regulatory bodies contact the company secretary in case of any non-compliance or any legal issues. He/she maintain communication with the shareholders of the company. In no way, the company secretary is less valuable or unimportant than any other offers of the company. He/she hold a vital position in the organization. Why do you need corporate secretarial services Singapore? Every company has tons of secretarial tasks which need to be done perfectly to ensure prosperity and well-being of the business. It must be done by someone who has good knowledge of local jurisdiction. Staying on top of all the vital tasks of secretarial service can be challenging if you don’t have a professional or expert from the services providing firm. It is worth noting that Singapore authority is rigorously stringent about its laws. Non-compliance issues are likely to attract penalties. Therefore, it makes sense to stay compliant with the law. However, staying up to date with the ever-changing laws of the jurisdiction is not always easy. Thanks to outsourcing services providers. These services alleviate the pain of legal issues from your shoulder and let you focus on your core business tasks. On top of it, outsourcing to company secretarial services Singapore is cheaper than an in-house employee. Thereby, it can rightly be said that the outsourcing of corporate secretarial services is beneficial for your business. Be sure to hire the right one based on its availability, cost, quality, approach and certification of the professionals.