Services Provided By Corporate Consultants Help Businesses

Companies need to complete many tasks as part of their regular work. These tasks are necessary to run the business properly and to keep themselves compliant with the company laws. Many companies find that handing over the work to service providers is better than trying to do them by themselves. This saves them a lot of time and money. The corporate consultants in Singapore provide excellent services to the companies at very affordable rates. They have experts for all the jobs and this helps them to complete the tasks very quickly. The consultants perform a variety of jobs for companies starting with helping with setting up a company in Singapore and getting them the necessary licenses if they may be required. 

Setting Up A Company In Singapore Is Easy With Service Providers

The company incorporation service is used both by local and foreign investors. The incorporation of the company in Singapore can be done very quickly. However, the procedure can be confusing for many people. There are different types of companies that can be opened in Singapore and it is essential to understand the merits and demerits of each type of company. This can be correctly explained only by an experienced person. The consultants are the best people for this. They can explain everything in detail and help you decide what type of company you want to open.

The other thing that you need the consultants for is to understand the different obligations that you need to fulfill before you can incorporate the company. These conditions must be completed and the service providers are the best people to help you in this matter. Most of the foreign companies and many local companies find it difficult to fulfill all the conditions. In such cases, the consultants will provide the necessary service for fulfilling the obligation. These services are mostly included in the incorporation package itself. 

The Minimum Requirements For Incorporating A Company In Singapore

When you do company registration in Singapore there are some minimum requirements for the company. There must be at least one shareholder. For a private limited company, the number of shareholders is limited to a maximum of 50. Singapore accepts both individuals and companies as shareholders. The company can be fully owned by foreign individuals or companies. These companies can appoint any number of directors. But at least one director must be a resident of Singapore. The company must also appoint at least one company secretary who should also be a resident of Singapore.

Foreign companies cannot find a person to be their local director. They can appoint a director of their company who holds an employment pass as the local director. But getting an EP is possible only after the incorporation of the company. The consultants provide the nominee director service to overcome this problem. The nominee director will sign for the sake of incorporation of the company once incorporated the company can get an employment pass for the foreign director and make him or her the local director. 

The Variety Of Services Offered By The Corporate Consultants

Many other services are provided by corporate consultants. These include many tasks that the company must complete to remain compliant with the laws. The consultants offer immigration services by which they will secure the various permits required by the foreigners to remain in Singapore and work for the company. The service providers also offer corporate secretarial services that will provide the mandatory company secretary to the company.

An important service provided by the consultants are bookkeeping services in Singapore which helps many companies to maintain their transaction records properly. This service not only helps the companies to maintain the books but also, get valuable information from the records that will aid the owners to manage their business well.