Covers: first directors’ meeting, initial allotment of shares, appointment of first directors and auditors, set up statutory registers.
Covers: Custody and maintenance of statutory registers; preparation of resolutions for the annual statutory obligations in relation to annual general meetings, filing of annual statutory returns. Excluded items such as changes in company officers, share capital and borrowings, dividend distributions, and acquisition of non-bankable assets, organization of physical meetings are handled at hourly rates.
Mandatory Appointment of Qualified Singapore Resident Director
Basic bookkeeping, preparation of financial statements, incl. trial balance, balance sheet and profit & loss account, notes to account;
Filing of application for Tax Residence Certificate
Filing of application for foreign Employees with the Ministry of Manpower
We have the expertise to assist investment advisers, hedge fund managers and other fund sponsors, private bankers and wealth managers with the implementation of all aspects related to the set-up and on-going administration of investment funds.
We can also help you with the following matters which will be separately charged by these recommended 3rd Parties:
Singapore is ranked the most attractive regional and global investment location by the Economist Intelligence Unit (Country Forecasts Report in 2014). A number of factors contribute to this; Singapore has supportive government policies, attractive labor market conditions, a sound infrastructure and financing efficiency.
However, setting up a business in Singapore does offer challenges. Registering property can be a complicated matter, particularly in relation to payable fees. Businesses looking to start up in Singapore must also register with the Accounting and Corporate Regulatory Authority (ACRA), where a name search can be conducted and filing for the company incorporation and tax number (GST) can be completed.
From process agent services and escrow and secretarial services, DRC is able to offer services that help your business navigate the challenges of a new company set up in Singapore while maintaining compliant. Benefit from our personalised approach and our reputation for getting things done.
Advising on the type of entity and appropriate corporate structure
Maintain company’s shareholders registry and minute books
Arrange for mandatory annual statutory filings with company registries (excluding tax returns)
Prepare minutes and documents for AGM, Board, Committee, EGM meetings
Charting of annual compliance deadlines and updating changes in local legislation and regulations
Prepare and file documents for changing directors, general managers, officers, signatories
Registered address
Prepare and file Powers of Attorney/Proxy
Prepare and file selected documents for auditors
Prepare documents for share-related transactions
Prepare Board and / or shareholders resolutions
Assist with amendments to Articles of Association
Advising on closing down your business
Liquidation and dissolution of entities
Advising on other basic compliance requirements
To facilitate establishing and managing a new legal entity, DRC can provide corporate directors to the holding of clients’ entities in a range of jurisdictions. DRC provides director and shareholder services where necessary. Director services are an integral part of corporate services where a registered office is provided by DRC, with local management enhancing the substance of the entities.
Appointing DRC to act as a Temporary CFO for your business, provides all the capabilities of an accounting department at a fraction of the cost of an in-house solution.
Better understanding of company financials that gives you less surprises and more control
Improved decision-making capabilities
Improved quality and timeliness of financial information
High-quality budget preparation and monitoring
Professional advice on business decisions and business plans
Profitability analysis by service or product line
Tax saving strategies
Trend analysis
Cash management
Assistance in obtaining financing from banks, including assistance with negotiations
Mergers and acquisitions assistance
Development of company accounting procedure manuals
Accounting (IFRS), statutory bookkeeping and financial reporting
Preparation of annual financial statements
Assistance with financial audit and internal control
VAT registration and management
Transaction processing including accounts payable, accounts receivable, cost & inventory accounting
Payroll services (including CPF reporting)
We can advise clients on where to bank when starting a business, and assist with the opening of the account including internet banking. As the industry becomes increasingly vigilant about bank account openings, the documents needed during the account opening process becomes increasingly complicated. We can guide clients through this process so that they are prepared for the application.
Furthermore we can also assist with opening corporate bank accounts for Singapore companies outside of Singapore as well as for companies outside of Singapore who require a bank account in Singapore.
Throughout the life of a company, DRC can act as the point of contact for banks and manage accounts locally to ensure requests from banks are responded to in a timely manner and nothing is ever missed.
Corporate income tax returns
VAT returns
Tax ID application
Other tax compliance
Individual income tax returns
IT
Premium furnished office space
Telephone lines