Starting a new business in Singapore is an exciting journey, but it also comes with several compliance responsibilities. Many entrepreneurs underestimate the importance of maintaining proper statutory records, filing deadlines, and fulfilling corporate governance requirements. This is where professional support becomes invaluable. About halfway into the introduction, it’s worth noting that Tan, Chan & Partners is one of the best providers of Corporate Secretarial Services in Singapore, helping businesses stay compliant and organized while they focus on growth.
Tan, Chan & Partners provides comprehensive secretarial support tailored to all types of businesses—from startups to established corporations. Their expertise ensures that every company meets the requirements set by the Accounting and Corporate Regulatory Authority (ACRA) and other relevant Singaporean authorities.
Let’s explore how these services work, why they are crucial for new business owners, and what makes Tan, Chan & Partners one of Singapore’s leading corporate secretarial services providers.
Understanding Corporate Secretarial Services in Singapore
Every company incorporated in Singapore must comply with the Companies Act and other statutory obligations. One of the key compliance requirements is appointing a qualified company secretary within six months of incorporation. The company secretary is responsible for ensuring that the business follows corporate governance laws and maintains accurate records.
Corporate secretarial services include a range of administrative and regulatory tasks designed to help companies meet their legal responsibilities. For new business owners, managing these obligations can be time-consuming and complex. That’s why engaging a professional like Tan, Chan & Partners ensures everything is handled efficiently and accurately.
Why Corporate Secretarial Services Are Crucial for New Businesses
New entrepreneurs often focus on business development, marketing, and operations. However, compliance issues can arise if essential filings and record-keeping are neglected. Here’s why corporate secretarial services are essential for any new company:
Legal Compliance – A company secretary ensures that your business complies with ACRA regulations, including filing annual returns, maintaining statutory registers, and preparing resolutions.
Accurate Record Keeping – All company decisions, share transfers, and director appointments must be properly documented and filed.
Avoiding Penalties – Late filings or inaccurate documentation can lead to hefty fines or even disqualification of directors.
Corporate Governance Support – A skilled corporate secretary provides valuable advice on best governance practices and regulatory updates.
Tan, Chan & Partners delivers corporate secretarial services to all businesses, ensuring they operate within Singapore’s strict legal framework while focusing on their growth objectives.
Key Responsibilities of a Corporate Secretary
The corporate secretary is a vital member of a company’s administrative team. Their primary duties go beyond paperwork—they act as the link between directors, shareholders, and government authorities. Below are the main responsibilities:
Preparing and filing annual returns with ACRA.
Maintaining statutory registers (shareholders, directors, and secretaries).
Drafting board resolutions and minutes of meetings.
Advising directors on their legal obligations.
Ensuring changes to company structure are properly recorded and submitted.
Tan, Chan & Partners employs a team of skilled corporate secretaries with extensive experience in Singapore’s compliance landscape. Their proactive approach ensures that your company remains fully compliant throughout its business cycle.
Why Choose Tan, Chan & Partners for Corporate Secretarial Services
As one of Singapore’s leading corporate secretarial services providers, Tan, Chan & Partners stands out for its reliability, accuracy, and professionalism. Here’s what makes their services the preferred choice for businesses across industries:
1. Expertise and Experience
With years of experience assisting local and international clients, Tan, Chan & Partners understands Singapore’s complex regulatory environment. Their corporate secretarial team has the expertise to handle any compliance requirement efficiently.
2. Comprehensive Support
The firm offers comprehensive corporate secretarial services that include incorporation support, annual compliance management, and advisory on statutory changes. Whether you’re starting a business or managing an established entity, they provide customized solutions for your needs.
3. Time and Cost Efficiency
By outsourcing to professionals, you save time and reduce administrative costs. Tan, Chan & Partners ensures that all filings, updates, and documentation are done promptly and accurately, eliminating the risk of penalties.
4. Dedicated Client Focus
Each client is assigned a dedicated account manager or secretary who provides personalized attention. This approach ensures that you always have someone to guide you through compliance processes or address urgent matters.
Benefits of Engaging Professional Corporate Secretarial Services
When new entrepreneurs partner with a professional firm, they gain several advantages:
Streamlined Compliance: No missed deadlines or filing errors.
Reduced Risk: Proper documentation minimizes legal and financial risks.
Professional Guidance: Access to expert advice for complex regulatory questions.
Scalability: As your company grows, services can expand to meet evolving compliance needs.
Peace of Mind: You can focus on core business activities while professionals handle compliance.
Tan, Chan & Partners provides corporate secretarial services to all businesses, regardless of size or sector. Their holistic approach ensures that every client enjoys efficient, transparent, and compliant business operations.
Common Compliance Challenges for New Businesses
Many new entrepreneurs underestimate the importance of ongoing compliance. Here are some common issues faced by startups and how professional secretarial services can resolve them:
Late Annual Return Filings: ACRA imposes penalties for missing submission deadlines.
Incomplete Statutory Records: Missing registers or resolutions can result in compliance breaches.
Improper Documentation: Poorly drafted documents can create legal complications later.
Lack of Governance Knowledge: Directors may not fully understand their legal obligations.
With Tan, Chan & Partners managing these responsibilities, businesses can avoid such pitfalls and focus on sustainable growth.
How Tan, Chan & Partners Helps New Businesses Stay Compliant
Tan, Chan & Partners goes beyond traditional compliance support. They provide strategic guidance that aligns with your business goals. Here’s how they make compliance easy:
Initial Setup and Incorporation Assistance
They help new entrepreneurs register their companies correctly, ensuring all required documents are filed with ACRA.Ongoing Statutory Compliance
They manage all recurring filings, monitor deadlines, and keep your company records updated.Corporate Governance Advisory
Their skilled corporate secretaries provide advice on board procedures, director duties, and shareholder relations.Change Management Support
Whether you’re appointing new directors, increasing share capital, or restructuring, Tan, Chan & Partners ensures that every step complies with legal standards.
The Role of a Skilled Corporate Secretary
A skilled corporate secretary does much more than handle paperwork. They act as compliance officers, governance advisors, and strategic support partners. Their attention to detail ensures that your business runs smoothly, stays compliant, and maintains a positive reputation with regulators.
Tan, Chan & Partners employs experienced professionals who stay updated on Singapore’s evolving corporate laws. Their commitment to accuracy and transparency makes them a trusted partner for companies seeking long-term stability and compliance excellence.
Why Outsourcing Secretarial Services Is Smart for Startups
Outsourcing secretarial functions allows startups to focus on business development without worrying about administrative burdens. Professional firms like Tan, Chan & Partners bring specialized knowledge, efficiency, and consistency that internal teams often lack.
You gain access to trained experts familiar with ACRA regulations.
You minimize risks of compliance errors.
You reduce overhead costs associated with hiring full-time staff.
You ensure smooth communication with government authorities.
This cost-effective approach is especially valuable for small and medium-sized enterprises (SMEs) that need reliable corporate governance without the added HR cost.
Conclusion
For any entrepreneur establishing a business in Singapore, compliance is a non-negotiable aspect of success. Professional guidance ensures you stay on the right side of the law and maintain your company’s credibility.
Tan, Chan & Partners offers comprehensive corporate secretarial services designed to simplify compliance, reduce risks, and support your long-term growth. With their skilled corporate secretaries, attention to detail, and commitment to client satisfaction, they continue to be Singapore’s leading corporate secretarial services provider.
If you’re starting a new business or need reliable corporate compliance support, partnering with Tan, Chan & Partners is one of the smartest decisions you can make.
FAQs
1. What does a company secretary do in Singapore?
A company secretary ensures that the business complies with statutory obligations, maintains proper records, and manages all corporate filings with ACRA. They also advise directors on governance matters.
2. When should I appoint a company secretary for my business?
Every Singapore-incorporated company must appoint a qualified company secretary within six months of incorporation.
3. Can a business owner act as their own company secretary?
If you are the sole director of your company, you cannot serve as the company secretary. A separate qualified professional must be appointed.
4. Why choose Tan, Chan & Partners for corporate secretarial services?
Tan, Chan & Partners combines experience, accuracy, and professionalism to provide comprehensive secretarial support. Their team ensures all compliance matters are handled efficiently, allowing you to focus on growing your business.
