Corporate Secretary Transfer to BESO

Corporate Governance
Corporate Secretary Transfer to BESO

Package

Dissatisfied with your current corporate services provider? Transfer your company to us today and discover the superior quality, efficiency, and personalized attention of our services.

Our package is designed to help your company transferring your Corporate Secretary to BESO.

S$1,000

1st year

Both “a la carte” and “packaged” pricings are available on demand to better fit with your evolving corporate needs.

Please note that we reserve the right to modify prices and relevant terms without prior notice – if deemed necessary by market conditions.

What is Included in this Package

Services to Facilitate the One-Time Transfer & Yearly Basis:

Prepare and File the Annual General Meeting (AGM)
Change of Any Company Particular
Government filing fees are also covered – with no additional or hidden charges
Change of Registered Office Address
Change of Company Officers and Auditors
Change of Directors
Transfer of Shares
Update of Members List and Particular

Government filing fees are also covered – with no additional or hidden charges
Required Paperwork Transfer (to inform ACRA of the transfer of Corporate Secretarial Services)
Compliance Check (focusing on your latest company filing requirements. We will promptly inform you of any discrepancies identified)
1-year Corporate Secretary
Preparation of Financial Statements in Singapore format
Annual Return filing (with the ACRA)
Tax Planning Consultation
Tax Filing (with the IRAS)

Package Suitability

Unsatisfied with your current Corporate Secretary Service?

If you are facing frustration due to excessively high costs and unsatisfactory post-sale service with your current service provider – this package is for you.

Avoid Multi-Year Lock-in Contract

Many Singapore corporate service providers commonly enforce multi-year lock-in contracts to offset poor service and high fees.

To prevent being caught in such a situation, it’s advisable to partner with a company like ours with no lock-in period.

Price Transparency with No Hidden Costs

At BESO we firmly believe in being clear and transparent to our clients, no hidden charges – plain and simple.

Incorporation Procedure and Timeline

STEP 1 - Engage our services

After confirming your decision to utilize our Corporate Secretarial Services, we will promptly create an account for you in our system.

This will enable you to promptly initiate collaboration with our service team for a swift and efficient transfer of Corporate Secretarial Services.

STEP 2 - Submit Documents For Know Your Customer (KYC) Due Diligence

If your company has individual(s) as shareholder(s), then the following documents will be required for each Director, Shareholder, and Ultimate Beneficial Owner (UBO):

Passport

NRIC copy for Singapore citizens and PRs (or FIN card for Singapore Employment Pass Holders)

Proof of residential address (i.e. rental agreement, recent utility bill, etc. – not older than 3 months)

KYC form filled (including a brief synopsis of professional background)

Business background

.

If your proposed company will have corporate entity(ies) as shareholder(s), then the following details will be required:

Certificate of Registration: This will be issued by the jurisdiction’s Registrar of the country in which your company is registered.

Company Extract:

– Company’s name, identity number, registered address and principal business activities

– Capital (Paid-up, issued, authorized) of the company

– Details of Shareholders and Directors

Authorized Person Resolution (Board Resolution): This resolution needs to be passed by the company’s director(s) and should include:

– The decision of the shareholding company to hold shares in your proposed Singapore Company.

– The appointment of an Authorized Person for signing documents related to the formation of the Singapore Company on behalf of the shareholding company.

Ownership Structure Chart: It should identify the key Ultimate Beneficial Owners (UBOs) of the shareholding company. For each UBO, the listed documents will be required.

STEP 3 - Verification of any Compliance Gap

We offer a complimentary compliance audit of your company’s filing obligations for the previous year.

Any gaps identified will be promptly communicated to you.

At this stage, you can choose to address these gaps with your previous service provider or opt for our assistance in resolving them.

STEP 4 - Acquiring Your Company Records from Your Previous Service Provider

We will arrange for the retrieval of your current company records from your previous service provider.

Upon collection and verification of these records, we will inform you of any missing items that require attention.

STEP 5 - Documentation Transfer Preparation

We will prepare and provide the necessary documentation for the appointment of our firm’s Corporate Secretarial Services, which will be submitted to you for your signature.

STEP 6 - ACRA Update

After obtaining your signatures, we will proceed to inform ACRA of our firm’s appointment as your company’s secretarial agent.

STEP 7 - New ACRA Business Profile

After updating the ACRA records, we obtain a copy of your company’s updated ACRA business profile.

Commonly Asked Questions

Timeline:

How long does the entire process of transfer of Corporate Secretarial Services take?

Typically, the transfer of Corporate Secretarial Services takes approximately 2-3 weeks to complete.

After you have submitted the necessary documents, we will conduct the KYC process and proceed with arranging paperwork and lodging with ACRA. Once all details are updated, we will coordinate the collection of your company file.

The actual duration hinges largely on the promptness of both your company and that of your previous service provider in fulfilling the required tasks.

When should I start the transfer process from my current Corporate Secretarial Service Provider?

We recommend initiating discussions regarding your company transfer with us at least one month before the expiration of your current service provider contract.

This timeframe allows ample opportunity to confirm desired services, finalize fees, and understand your business requirements thoroughly.

What do I need to do once I have accepted the transfer of my Corporate Secretarial Services to BESO?

After confirming the transfer of Corporate Secretarial Services, please contact your current Corporate Service provider and request the resignation of their Secretary and Nominee Director (if applicable).

Once we receive these documents, we can proceed with arranging the transfer and collection of your file from your previous Corporate Secretary service provider.

Process:

If my company’s previous year annual filing is still pending, should I have my current provider or BESO to handle it?

Before proceeding, it’s advisable to verify whether you’ve already paid for this service as part of your existing provider’s package.

However, you have the flexibility to handle this in the manner that suits you best.

If preferred, we can include this filing as part of our Corporate Secretarial Services Transfer package for an additional fee.

Please note that any fines imposed by ACRA will need to be paid separately, in addition to the quoted service fee.

How should I proceed if my current service provider is unwilling to terminate their involvement with the company?

If the existing service provider refuses to exit from the company, the transfer of Corporate Secretarial Services can still be facilitated through a shareholders’ resolution.

INQUIRY FORM

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CORPORATE GOVERNANCE SERVICES

(Corporate Secretarial Services Transfer)

Please complete the Inquiry Form below to receive tailored assistance for your business operations and corporate needs from BESO.

Our team of experienced advisors will promptly reach out to you.

Thank you for your interest!

Your name: *

Your e-mail address: *

Your phone number: *

Your country of residence: *

Corporate Governance Services required in Singapore: *

Reason for transferring your corporate secretarial services: *

Notice period for termination with your current service provider *

Current corporate secretarial records and documents are available for review: *

Any pending compliance filings or obligations with ACRA: *

If yes, what are the pending filings:

Your requirements: *

By clicking on submit below, you consent to BESO storing and processing your personal information. We will only use this information to contact you in regards to your request and its related services. *