DR Consultancy Services Pte Ltd | Our Services Old
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Our Services Old

Financial Consultancy & Services

1. Incorporation of a Singapore Pte Ltd

Covers: first directors’ meeting, initial allotment of shares, appointment of first directors and auditors, set up statutory registers.

2. Opening of Bank Account (in Singapore)

  • Completion and Initial submission of documents only
  • Resident director is joint signatory to the account
  • Mandatory visibility of bank account to company officers

3. Corp Sec Services (Company Secretarial Services)

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.

4. Resident Individual Director

Mandatory Appointment of Qualified Singapore Resident Director

5. Accounting

Basic bookkeeping, preparation of financial statements, incl. trial balance, balance sheet and profit & loss account, notes to account;

6. Tax Compliance

Filing of application for Tax Residence Certificate

7. Employment Pass

Filing of application for foreign Employees with the Ministry of Manpower

8. Coordination and structuring of Hedge Funds (Cayman & BVI based)

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.

Key Services:

  • Advice on structural concept – drafting of concept PPM
  • Set-up/implementation
  • Coordination with: Lawyer, Custodian / Broker, Fund Administrator and Auditor

We can also help you with the following matters which will be separately charged by these recommended 3rd Parties:

  • Registered Office (at Suntec City – office tower)
  • Annual Income Tax return (by a Tax Agent)
  • Annual Audit (by External Auditor)

Financial Consultancy & Services

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.

Our service offering includes:

Corporate Secretarial Services

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

Nominee Director & Shareholder Services

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.

Temporary CFO

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.

Key benefits:

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, Administrative and Payroll Services

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)

Bank account opening services

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.

Tax Compliance

Corporate income tax returns

VAT returns

Tax ID application

Other tax compliance

Individual income tax returns

Local Infrastructure

IT

Premium furnished office space

Telephone lines