WHAT DOES CORPORATE SECRETARIAL SERVICES INCLUDE?
BENEFITS OF OUTSOURCING CORPORATE SECRETARIAL SERVICES IN SINGAPORE
CASE STUDY (1)
|Senario||For a company newly incorporated on 15 August, the Director would like to fix financial year end
(FYE) as of 31 December annually.
|YtK Action||Instead of just following instruction to pass a resolution, we will suggest to the Director to fix the
FYE at 31 July annually instead.
|Maximize the benefits under the Tax Exemption Scheme for New Start-up Companies, i.e. to
claim 100% tax exemption on the first $100,000 and further 50% tax exemption on the next
$200,000 of normal chargeable income for each of your company’s first three consecutive Year
of Assessments ("YA")
CASE STUDY (2)
|Senario||The company would like to open bank accounts, but do not know which bank to choose.|
|YtK Action||Comprehensive comparisons on various banks are provided to the Directors. All liaison works
are done by YTK (e.g. completion of bank forms, setup of meetings between bank and company)
so that the Directors and bank signatories only need to meet the bank officer for verification of
signatures and signing of documents.
|The Director can evaluate and decide which bank caters best to the Company's needs. Provide
client’s hassle-free administration work procedures and sparing client’s time from approaching
different banks for comparison and queries.
WHAT DOES INCORPORATION SERVICES INCLUDE?
Incorporation of private limited company in Singapore
(i) Name reservation
(ii) Submission of incorporation details to ACRA
(iii) Preparation of company kit comprising the following:
BENEFITS OF OUTSOURCING INCORPORATION SERVICES IN SINGAPORE
|Senario||A company is to be incorporated with HDB residential address as registered office.|
|YtK Action||Instead of just submitting the online application to incorporate the company, we provide
guidelines to the client:
|Client will be made aware of the relevant regulations before deciding whether to proceed as
|Type of Entities||Filling Requirements|
|(1) Companies regulated by MAS||FSH + PDF|
|(2) Companies allowed by law to prepare accounts in accordance with accounting standards other than SFRS, SFRS for small entities and IFRS||FSH + PDF|
|(3) Non- EPC company (other than companies (1) and (2)||FXBRL|
|(4) Company limited by guarantee||PDF only|
|(5) Foreign companies and their local branches||PDF only|
|(6) Insolvent EPC||FXBRL or FSH + PDF|
|(7) Solvent EPC||Exempted from filling XBRL, can
voluntarily file FXBRL or FHS
FXBRL = Full sets of XBRL financial statements
FSH = Financial statements highlights in XBRL format
PDF = PDF copy of financial statements
EPC = Exempt private limited company that has
– Less than 20 members; and
– No corporate shareholders
WHAT DOES XBRL SERVICES INCLUDE?