What is a Corporate Service Provider?
There are many kinds of corporate service providers, and they differ based on their specialties and services. A corporate service provider’s aim is providing business support services to other companies, whether in tax accounting, company incorporation, or legal liabilities, which is done through the use of technology, experience, and well thought-out practices that serve to help the client.
Often, some companies choose to personally perform their secretarial work. These tasks include filing paperwork manually or directly logging into the Accounting and Corporate Regulatory Authority (ACRA).
However, these activities are time-consuming and companies end up spending too much time and resources on them. This could distract the company from other functions of the business, thereby reducing value for the various stakeholders (employees, clients, etc.)
To curb this problem, one may need a company that is well-versed in corporate secretarial work. In this, Rikvin can bridge the gap by offering quality corporate secretarial services that are timely, accurate, and completely compliant with legal and regulatory standards.
Why Engage a Corporate Service Provider?
1. Managing compliance deadlines
In the world of corporate secretarial services, there are deadlines for everything. And if these deadlines are missed, penalties might be incurred. Certainly, these are just additional, unnecessary expenses that all companies do not want.
However, with Rikvin, this issue can easily be resolved. Rikvin’s experts are experienced and profoundly understand the intricacies of various secretarial processes. Hence, to avoid these pesky penalties, we will track, monitor, and update the clients on all deadlines, giving them a much-needed ease of mind.
2. Save time
Going from the previous point, we agree with the old saying, “Time is money.” At Rivkin, we understand that speediness is crucial in the world of business. Hence, we aim to do the hard part and simplify the corporate secretarial process in a timely and accurate manner.
Related read: Why outsource a corporate company secretary?
3. Compliance Knowledge
Laws and regulations change here and there. For that reason, it can be tricky to constantly check these changes. Also, some companies may not have the manpower or industry knowledge to fully comprehend said changes.
Thus, if convoluted regulation changes leave you scratching your head, perhaps your saving grace may be approaching a firm like Rikvin.
Without fail, Rikvin keeps abreast on the latest regulatory changes. Our specialists have an in-depth knowledge of industry know-how. Additionally, Rikvin will offer the best, most comprehensive advice to assist its clients in achieving complete compliance.
Related read: Statutory compliance in Singapore
4. Transparent pricing
Quality services should always be accompanied by transparent pricing. To build trust in all clients, Rikvin’s pricing is always transparent and forthcoming. Also, the quoted fees encompass the entire process, so the clients can feel confident knowing that they’re fully covered in various circumstances.
Corporate secretarial work is an ongoing process. Thus, understanding every aspect of this topic takes time; often, it also requires a certain level of expertise.
As such, rather than expecting the client to know everything, we aspire to communicate well with them. Furthermore, Rikvin will validate the client’s viewpoints, understand what goals they’re trying to achieve, and turn those aspirations into actions.
Related read: Duties of a corporate company secretary
6. One-stop service
All of Rikvin’s services cover clients from end to end. After providing all the relevant information, the clients can rest easy while Rikvin takes care of all the paperwork. With the nitty-gritty out of the way, the client can spend more attention on their business and valued customers. Rest assured, you are building a better company when you decide to outsource. From the initial phases of deciding the name of the business to finding the appropriate corporate secretarial partner, a qualified firm could offer the service in a simple, straightforward way. This will remove the bulk of the unnecessary workload from having to manage a start-up, and even established businesses engage in corporate services to stay compliant with ACRA as well as assist their clients in the best way possible.
Related read: We also provide International Corporate Services
7. Professional support
For a smooth and error-free process, one must have an expert and reliable team backing the efforts.
In this context, a partnership with Rikvin is ideal. After all, the team at Rikvin is the best. Our specialists are highly qualified, accredited, and experienced. Above all, they are helpful and approachable.
Therefore, in a meeting with Rikvin, no query is too small, and we endeavor to give our clients unrivaled, professional support.
Related read: Enhanced Regulatory Framework for Corporate Service Providers »
8. Value-added services
The scope of corporate secretary work is vast and covers various aspects. To address this, Rikvin offers a wide range of services. Furthermore, our specialists will customize the services according to each client’s needs to provide the best experience possible.
9. Time saver
If you engage with professionals to operate your company, you will certainly save time. You will also be initiated into a network of associated experts and service providers such as accountants, management advisors, and lawyers by engaging in the services of a skilled service provider. They have an in-depth understanding of niche fields that you may not find within your own business,. A well-established service provider can assist even if you’re overseas, and can help with the process of finding potential investors and partners as well. This will save you time in a foreign country and quickly get your business off the ground.
Some companies need a 3rd party corporate company secretary
To become a company secretary, one must fulfill two requirements. First, the individual must reside locally in Singapore. Second, he or she must not be the sole director of the company.
Thus, businesses that are unable to meet these criteria need to outsource their corporate secretarial work to a licensed agency.
Related read: Changing a Singapore company’s corporate secretary
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Eric comes from banking background. He provides consultancy to local and foreign entities on the ideal market-entry strategies for setting up or expanding operations in Southeast Asia.
Eric also provides advisory to fund managers and family offices on structuring as well as applicable tax incentives. He has also set up many VCC structures for licensed fund managers.