Singapore has one of the most effective and efficient business regulations in the world. These policies are considered to be business-friendly because it takes into consideration every company regardless of what type or size. Its business regulations are inclusive which is why it is one of the most favorite places for business owners to do business transactions.
Singapore has been and remains one of the top economies in the world when it comes to revenue. This is because it is welcoming and exhibits a supportive environment to all kinds of businesses. Aside from that, one successful strategy of Singapore remains at the top is to implement its policies and regulations correctly. These policies and regulations may be business friendly but the Singaporean government makes sure that they are properly observed and followed. This set of rules play an important part in maintaining an organized economy.
Aside from the company incorporation Singapore procedure that must be followed religiously, Singapore also strictly implements having a company secretary. A company secretary Singapore employee is a legally mandated part of the company. Aside from being required by the Singaporean government, they also play an important role in the operations of the company.
A company secretary should be hired before the company incorporation Singapore procedure to ensure that they will be ready to fulfill their duties once a company is already operating. However, Singapore allows all companies to hire a company secretary 6 months after the company incorporation Singapore procedure. This is to give them enough time to process the company incorporation Singapore steps and to filter out competent applicants for the company secretary role. To help you choose a company secretary Singapore employee, here are 5 questions you can ask during the process.
1- Should I Hire Directly or Through a Service Provider?
The first thing that you have to consider is whether to hire directly or through a servicing company. A servicing company is a third-party company that usually provides what big and small companies need. These kinds of companies are in demand in Singapore because of the existence of many business entities. They offer help to make sure that these companies can operate smoothly. They usually take a load or a part of the responsibilities of every company. They can even process the company incorporation Singapore procedure for all their clients. Their services include hiring a company secretary Singapore employee for you.
There would be some advantages and disadvantages when you choose to directly hire or use a servicing company. When you choose to directly hire a company secretary Singapore staff, this would take or consume a significant amount of time from your company that may have been used for some other more productive workload. However, hiring directly can also give you more chances to filter out your company secretary Singapore staff. When you choose to hire a third-party servicing company, there would be more assurance that your company secretary is more competent and well-trained. However, it may be more costly than hiring organically or on your own.
The answer to this question depends on many factors. one of the factors that can affect this is your working capacity as a company. For example, some companies are able to process the company incorporation Singapore procedure and the hiring of a company secretary because they have enough manpower. While others cannot find the time or financial capacity to do this much workload because they are relatively small. So, make sure that you have evaluated and assessed the capacity of your business before deciding whether to directly hire a company secretary Singapore employee or availing the service of a third-party firm.
2- What Kinds Of Services Would I Require?
Contrary to popular belief, a company secretary Singapore employee does not only do jobs that are related to administrative work. Well-trained and competent secretaries can do jobs beyond this. They also help in the planning and even financial matters of the company. Sometimes they are even required to do the payroll. Even a company secretary has different expertise and specializations, some secretaries are more experienced and familiar with working with specific types of industries. So, you have to make sure that before you hire, you know what kind of secretary you are looking for.
3- Do They Know The Local Rules and Regulations?
An important quality or skill of a company secretary Singapore employee is knowing the local rules and regulations that have legal jurisdiction over your company. This knowledge is helpful to make their work more productive and more accurate. An example of this is them knowing how to do the company incorporation Singapore procedure. This is a basic task that all competent company secretaries can do.
4- Are Their Solutions Fit For My Company?
Under skill that is important when you hire another skill that is important when you hire a company secretary Singapore worker is their problem-solving ability. You can try to give them example scenarios that are related to your company. It is more preferable to hire those that can provide answers that you think are suitable for your company.
5- What Are My Negotiables and Non-Negotiables?
Lastly, no company secretary Singapore employee is perfect. Having a list of your preferred qualifications and skills from a company secretary Singapore staff could only guide you in the hiring process. At the end of the day, every company or employer should be able to adjust and be flexible to these kinds of situations. Any individual is able to learn along the process if they are really willing to work. That is why hiring someone who does not have everything that you want from a company secretary Singapore employee is okay. There are some skills and talents that can be acquired with the right supervision and training.
There are many reliable and trusted third party firms in Singapore. WLP Group is one of the top entities when it comes to these kinds of services. Contact us today to know more about what other services we offer.