Many business owners in Singapore start out with good intentions. They want to stay on top of things file everything on time and manage their company records by themselves. After a few months things get real. And it gets tough. Read full report!

You are busy running your company finding clients and building a team. The last thing you want to do is figure out what the rules are from ACRA. But the law in Singapore is clear: every company must have a company secretary within six months of starting the company. If you do not do this you will get in trouble under the Companies Act. The government does not care if you are busy.

A company secretary is not a title. It is a job that includes keeping track of important papers filing annual returns getting board resolutions ready updating changes in who is in charge and making sure your company is following the rules. For small and medium-sized business owners these tasks are new and take up a lot of time each month.

This is why many companies in Singapore are using company secretarial services. This way of doing things is made for how businesses work today. Of meeting in person or waiting days for papers to be ready business owners can use a digital dashboard to submit filings sign papers online and get reminders about deadlines. The whole process is fast and paperless.

You can also save money. A full-time company secretary in Singapore usually gets paid around S$3,000 to S$5,000 per month or more. Online secretarial platforms offer expertise for a lot less money. Which is great for startups and growing businesses that want to keep costs down.

Speed is important too. You can set up a company in Singapore in one business day if you have all the right papers. Online platforms are just as fast which helps founders move quickly without skipping steps.

Not all providers are the same though. The best ones do more than just file papers. They warn you about problems understand your companys structure and respond quickly when you need help.

When you are looking for a provider make sure they respond quickly are clear about their prices and have the qualifications. Look for companies that employ chartered secretaries.

For people from countries who want to start a business in Singapore the rules are actually pretty easy to follow. As long as you stay on top of things. If you let a capable online secretary handle the tasks you can focus on what really matters: growing your company, the company, in Singapore.