Annual Compliance Services in Singapore

This service is for all Singapore Private Limited (Pte. Ltd.) companies. It is a mandatory annual requirement to maintain good legal standing with the Accounting and Corporate Regulatory Authority (ACRA). The service is managed by a qualified Company Secretary, an appointment every company must make.

A company must hold its Annual General Meeting (AGM) and file its Annual Return with ACRA following the end of its Financial Year. For most companies, the deadline to file the Annual Return is within 7 months of the financial year-end. Our service ensures these deadlines are met without fail.

Annual compliance costs are typically bundled into a corporate secretarial package:

• **Annual Corporate Secretarial Retainer:** S$600 – S$1,500 per year.
• **This package usually includes:** Preparation of AGM documents, filing of the Annual Return with ACRA, and maintenance of statutory registers. ACRA's filing fee is included.

Failure to comply with annual filing requirements can lead to serious consequences:

• **Penalties:** ACRA imposes fines for late filing of the Annual Return.
• **Director Prosecution:** Directors can be prosecuted for failing to hold an AGM or file returns.
• **Struck Off:** ACRA may strike the company off the register if it believes it is no longer in operation, leading to the loss of all assets held by the company.

Under Singapore law, every company must appoint a qualified Company Secretary within 6 months of incorporation. This makes outsourcing a legal requirement, not a choice. YourLegal provides an experienced corporate secretarial team to manage all your ACRA compliance, prepare AGM documentation, and provide professional advice, ensuring your company adheres to the Companies Act at all times.