Nominated Corporate Secretary
Nominated Corporate Secretary All companies incorporated in Singapore are required to appoint a corporate secretary. According to section 171, (1AA) of the companies act, the corporate secretary must satisfy the requirements relating to experience, profession and academic requirements and membership of professional associations as may be prescribed. This important position should be trusted to qualified expert providing professional corporate secretarial services. At Business Tax Accountancy, we have some of the best qualified corporate secretaries who are ready to help you ensure your business is running smoothly and keeping in compliance with all the proper business procedures. A good company secretary can do much more than just ensuring regulations are followed: Protecting your business’s interest Providing key information and advising about regulations and company obligations Communicating with your business shareholders Preparing and taking minutes at your directors’ board meetings are all additional responsibilities of your company secretary. Your corporate secretary will become an important part of helping your company run smoothly, effectively, and painlessly Business Tax Accountancy, opens a wide range of professional corporate secretarial services to our clients. We are sure to be able to provide advice on corporate secretarial matters and execute accurately as when needed. Along with our accounting and tax services, we make it possible to meet every aspect of a business. Check out our All in one bundle for Annual Compliances and Book-keeping services: Find Out More What We Do Notification of filing deadlines and ACRA annual compliance alerts Filing of annual return with Annual General Meeting Appointment / resignation of director Purchase of extract of constitution Safekeeping of common seal and share certificates Change of company / shareholder / officer particulars Issue of dividends Increase paid up capital Transfer / allotment of shares Company strike off For more information, you may contact us at sales@businesstaxaccountancy.com.sg or call us at 6250 4321
Read morePrivate Limited Company
Private Limited Company Registration in Singapore Registering a private limited company in Singapore unlocks unmatched opportunities for entrepreneurs. The nation boasts a top-tier business ecosystem. Its efficient rules and transparent systems attract investors globally. Entrepreneurs benefit from a 17% corporate tax rate and valuable government perks. Strategically located in Southeast Asia, Singapore connects businesses to regional and global markets. It ensures strong legal protections and enforces strict anti-corruption laws. These factors make Singapore a trusted choice for investors. Business registration here remains fast, smooth, and hassle-free for all entrepreneurs. What is a Private Limited Company? A private limited company exists as a distinct legal entity from its owners. It owns assets, files lawsuits, and faces legal cases under its name. Shareholders carry limited liability, safeguarding their personal assets from company debts. This structure enhances business credibility, helping owners raise funds and secure contracts. It guarantees perpetual succession, ensuring the business outlives ownership changes. Entrepreneurs favor it for steady growth and long-term success.
Read moreLimited Liability Partnership
Business set-up for Limited Liability Partnership A Limited Liability Partnership (“LLP”) is a hybrid of “Partnership” and “Private Limited Company”. It is a type of business structure where 2 or more partners form an entity which has its own separate legal identity like a Private Limited Company. It has rights to hold property, sued or be sued under its own name and is typically adopted by professionals such as doctors, lawyers and architects. Partners in LLP have limited liability and will not be personally liable for the business debts incurred except for those arising from his own wrongful act or negligence. Similar to Sole Proprietor / Partnership, business profits will be taxed at partners’ personal income tax rate and is generally also harder to secure loans from financial institutions which is required for business expansion. Apart from the statutory requirement to keep the accounting records, LLP must also file an Annual Declaration of solvency to the ACRA which will be made available to the public. Minimum Requirements At least 2 Partners Partner must be at least 18 years of age Registered Address 1 Appointed Local Manager
Read moreSole-Proprietor/Partnership
Business set-up for sole-proprietor/partnership Business Introduction A Sole Proprietor / Partnership is the most simple business entity for entry level entrepreneurs in Singapore. It is easy to setup and owners do not have to worry about the ongoing statutory compliance from government bodies apart from the annual business license renewal. Given its leverage in low setup cost and maintenance fee compared to other business entities in Singapore, Sole Proprietor / Partnership has its significant disadvantages too. Some of the major concerns pertaining to these business structures are the unlimited liabilities which in some cases will lead to bankruptcy of the owners when they are unable to pay off the business debts. The main reason being so is that it is not considered a separate legal entity in Singapore and the owners are personally accountable for all the liabilities incurred during the course of the business. Thus, it’s not recommended for business with high credit risk nature. Minimum Requirements Owner/Partner must be at least 18 years of age Registered Address 1 Appointed Local Manager
Read moreFinancial Assistance and Loan
Financial Assistance and Loan Types of Loans Unsecured Business Term Loan Trade Financing Line Factoring / Receivables Invoice financial Overdraft Equipment/Machinery Loan Commercial/Industrial Property Loan Alternative Financing/P2P Crowdfunding Government Supported Financing Scheme As an ever growing nation, Singapore has set many schemes in place to provide financial assistance to new startups and growing businesses. Enterprise Singapore, a government entity, has initiated SME Loan schemes with participating financial institutions to help small companies get funding to better manage daily operations and cash flow. The applicant company must be a Singapore registered company with at least 30% local shareholder, depending on the loan scheme, the group annual sales must not exceed the cap or group employment size must not exceed the limit. Enterprise Singapore shares the risk of loan default with the participating financial institution. These loans generally have lower interests.’ We recommend SMEs to consider using these schemes to get the funding it requires for growth and daily operations if the company is eligible: There is a wide variety of financial loans and schemes offered by various banks and financial institutions. Most of these loans differ in financing criteria and requirement, Depending on your requirements, we will appoint our affiliated banker best-suited to assist you for the loan application.
Read moreHuman Resource
Human Resource We offer a Payroll service to handle all employees need, from leave management, claim management, time attendance, payslips, and can assist in arranging GIRO payment and CPF Payment. we can also assist to file AIS And IR8A
Read moreSwitch over to BTA Today
Switch over to BTA Today It is common for companies to have an intention of switching their corporate secretary and accountant. Usually, it is due to high fees and/or poor service quality. however, a lot of companies stuck with the same service provider for many years. This is due to the trouble and tedious work to transfer the accounts to the new service provider. You are required to ensure that the service provider hands over all necessary documents. By then, you might realize that the service provider may have failed to deliver partial documents or withhold these documents. When taking over and handing over, there are additional documents to be prepared. Messy Accounts when handing over. Now, once you have the intention to switch to us, we will initiate a meeting with you to gather the information we need. Once we have the initial information, everything else is simple, straightforward and hassle-free for you. All you have to do next is to let us handle from here. We will prepare all documents from service termination notice, document handover preparation list, legal documents to resign officer and appoint officer. State your intention to switch today with the form below.
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