Starting a business in Singapore is an exciting venture, but it comes with critical legal responsibilities. One of the most important yet often overlooked requirements is appointing a corporate secretary. In Singapore, this isn’t just a best practice—it’s a statutory obligation under the Accounting and Corporate Regulatory Authority (ACRA).
In this blog, we’ll explain why hiring a corporate secretary in Singapore is essential, what their roles entail, and how corporate secretarial services can support your company’s long-term success.
Why Is a Corporate Secretary Required in Singapore?
According to the Companies Act of Singapore, every company must appoint a corporate secretary within six months of incorporation. The appointed person must be a Singapore resident and have the knowledge and experience to discharge the functions of a secretary.
Failing to do so can lead to penalties and compliance issues, which could damage your company’s reputation and standing with ACRA.
Key Responsibilities of a Corporate Secretary
Your corporate secretary acts as the bridge between your company and government bodies. Their tasks include:
Maintaining statutory registers and records
Filing annual returns and necessary documents with ACRA
Organising board meetings
Ensuring compliance with legal and regulatory requirements
Advising the board on corporate governance matters
Benefits of Outsourcing Corporate Secretarial Services in Singapore
For startups and SMEs, outsourcing corporate secretarial tasks to professionals like MP CorpSec is a smart move. Here’s why:
Compliance assurance: Avoid costly mistakes by relying on professionals
Time-saving: Focus on growing your business while we handle the admin
Cost-effective: Reduce the overhead of hiring full-time staff
With services tailored to your needs, MP Corpsec’s Corporate Secretarial Services ensure you stay compliant without the stress.
Why Choose MP Corpsec?
At MP CorpSec, we go beyond compliance. We become your trusted advisors, helping you navigate Singapore’s corporate landscape with confidence.
Whether you need company secretarial services, help with company incorporation, or accounting services, we offer end-to-end support for your business.
Ready to simplify your compliance? Get in touch with us today.