Why must Singapore companies appoint a company secretary?

Singapore is one of the best locations to build a business. That is why there are thousands of various business entities that conduct business transactions in Singapore. The rules and regulations that cover business entities in this country make it easy and convenient for companies to operate. These policies may be convenient but Singapore makes sure that they are properly followed and observed. This is to always keep an organized economy. These kinds of business transactions make Singapore one of the top-end most stable economies in the whole world.

One of the most important rules that you have to follow as a business entity and Singapore is to have a company secretary. A company secretary Singapore staff please a lot of rules in the success and operations of any business entity. That is why Singapore legally requires all kinds of businesses to have their own secretary. It gives up to 6 months after you incorporate company in Singapore to hire a secretary. A company secretary Singapore employee should have basic qualities such as proper education and should be of legal age to be hired. Aside from this company secretary Singapore staff should also be a different person from the director of the company. Let us talk about some of the reasons why business entities should appoint a company secretary after the incorporated company in Singapore.

Legally required

As stated above a company secretary Singapore employee is a legally required part of every business corporation. Singapore acknowledges the importance of the presence of a company secretary in the operations of every business entity. They should be legal residents of Singapore. The residency status should be a citizen, a permanent resident, or an EntrePass holder. In addition to this, a company secretary Singapore staff should also have the proper training and skills for them to be able to fulfill the role effectively.

It is also more advisable to hire a company secretary even before you incorporate company in Singapore. This is to ensure that once the business is already running, a company secretary would be able to start and fulfill his or her position immediately. Sometimes a company secretary can even help you incorporate company in Singapore. They are expected to know these kinds of basic skills especially when they are working for bigger corporations.

Tracks company progress

Aside from the usual administrative tasks the company secretary Singapore staff fulfill, they are also concerned with the various departments of the company. One of the most vital things that they do is to track the progress of the whole business. Since they are the ones who have an overview of what is happening and the company as a whole, they can provide an analysis of the progress a company is making from a secretary’s perspective.

Sets important meetings

All business entities are required to hold a general annual meeting where the situation of the company is being discussed. This meeting shall be done every 12 months. After business owners incorporate company in Singapore, they are given up to 18 months to hold the first general annual meeting.

A business entity that is composed of many busy individuals like board members, directors, and shareholders may find it hard to find a common schedule. This is where the expertise of a company secretary Singapore employee comes into play. They are to make sure that the general annual meeting is not missed and all necessary agenda will be discussed. A company secretary’s task is to make sure that all necessary matters will be discussed during the general annual meeting. This is why it is important to hire only competent ones.

Files reports and documents

After the annual meeting, there is a required document to be submitted to the Singaporean government. This document contains all the important matters that have been discussed during the meeting. It details the general condition and situation of the company. This document shall be prepared and submitted by the company secretary Singapore staff.

Aside from the skill of being able to incorporate company in Singapore, a company secretary should also be able to fulfill all types of jobs, especially when needed. This is how you make sure that you have landed a competent and skilled company secretary Singapore employee.

Hire one today

There are many competent and skilled company secretaries in Singapore. That is because the demand for a company secretary is high. However, finding the one that perfectly fits your business needs may be tricky. That is why it is advisable to hire a service provider that can help you find a competent company secretary. Aside from this, service providers can also help you incorporate company in Singapore. WLP Group Is one of the most efficient and affordable service providers in Singapore. You can visit our website today to know more about our services.