Corporate secretarial services

Parker Russell Singapore provides corporate secretarial services to comply with Companies Act for the sound running of businesses. As a licensed company secretary, we are entrusted by organisations, big and small, to assist them in meeting their regulatory requirements.

Company Secretary is a statutory requirement for Singapore companies and once appointed is considered an officer of the company. Within 6 months of business incorporation, the company must appoint a company secretary, and he or she has to be a person residing in Singapore.

The company secretary is responsible for the administration of the company. This includes ensuring the company adheres to the latest regulations, follows proper due processes, and meets filing requirements when necessary.

Most small businesses engage professional company secretary services instead of employing a full-time chartered secretary.

Parker Russell Singapore services proactively monitor local laws and regulations to ensure our clients comply with them. Our customers do not have to worry about running afoul of the law due to oversight.

Foreign companies engage Parker Russell Singapore’s nominee director services. Every company in Singapore needs to appoint at least 1 local company director – this person must be either a Singapore citizen or permanent resident with a locally registered home address.

Many foreign companies delay the commencement of their operations here because they are unable to find a suitable candidate who can fulfil the director requirement.

As the role comes with executive powers, appointing an employee as a company director, especially a person in a junior position, may not be in the best interest of the business. The employee may also gain access to confidential documents that he or she should not be privy to, such as bank statements.

Engaging corporate services provider – Parker Russell Singapore – to fill the nominee director role avoids employee involvement. Plus, we will keep you abreast of regulatory obligations stipulated by the authorities.

A nominee director can also act as a nominee shareholder. As the title suggests, a nominee shareholder only appears to hold the company’s shares. Online searches only reveal the names of nominee shareholders instead of actual ones. Our nominee shareholder service will ensure your privacy without risking share ownership.

A registered address is mandatory under the Companies Act in Singapore. A local office address where mail can be sent to and managed is needed for a business to be incorporated.

A new start-up or a foreign company might not have a physical location that meets regulatory requirements. Renting an office can be costly especially when your staff members mostly work at remote locations.

Some businesses may consider using a home address. But there are types of businesses where registering a residential address is not permitted. Also, a home address made public leads to loss of personal privacy.

Overcome these challenges with Parker Russell Singapore’s registered address service for company incorporation. We also provide mail forwarding to redirect all important notices to your specified address.

Payroll service is essential to business operations as you want to make sure employees are paid on time and accurately.

The Employment Act governs payment of employees’ salaries and record-keeping – errant employers are penalised. As a business owner, you need to stay updated with employee payroll requirements. However, keeping current on updates and changes to local labour policies can be an uphill task.

Avoid penalties by tapping on Parker Russell Singapore’s professional payroll services. Our services include salary computation, salary disbursements through bank accounts, payslips generation, and expense claims and annual leave administration. For companies hiring Singaporeans or permanent residents, we can also take care of periodic Central Provident Fund (CPF) records submissions.

Engage Parker Russell Singapore so you do not have to spend time and effort to ensure government rules are adhered to, yet still risk non-compliance. You protect yourself from unwanted penalties.