Singapore Incorporation requirement :
• At least one local director who has to be a Singaporean, or Singapore PR, or Singapore employment pass holder
• At least one shareholder, you do not need a Singaporean for a shareholder
• Minimum paid up capital is S$1
• Incorporation time ranges approximately from 1 day to 5 day depending on time taken for name approval.
• We will act as your company secretary. (if required)

Information required for Incorporation
• Name of company
• Business activities
• Paid up share capital
• Company registered address
  We provide registered office at a very nominal cost per month (excluding disbursement)
• Particular of Directors and shareholders
• Full name as in passport
• Local corresponding address
• Overseas address, if any
• Nationality
• Identity card No. and expiry date
• Passport No. and expiry date
• Personal contact (including mobile, home and office number, fax and email address)
• Number of shares issued to each shareholders

We require a copy of their passport and identity card for our record and verification

Company Secretarial Services
A Company secretary is required for every private limited company and is essential for meeting all statutory filing compliance. Our company secretary services also includes advising our clients on Singapore Company Act requirement including

• Formation of Companies
• Update registers and minute book
• Submission of Annual Returns to ACRA
• Attend to routine secretarial filing
• Monitoring the filing deadlines
• General corporate advisory
• Striking off company and liquidation

Business Consulting & Advisory Services
Our key business consulting and advisory service include

Business Consulting

• Financial due diligence
• Risk advisory
• Business Start-up services

General Business Advisory
HRMCorp has a team of business advisory professionals who are experienced and well-trained in assisting our clients chart their strategy, and most importantly, enhance profitability. As our clients’ business advisors, we do more than just recommend solutions. We are committed to work closely with our clients as a team to achieve their business goals

Business Start-up Services
We are well-positioned to help local and foreign entrepreneurs set up their business in Singapore. Our wide areas of expertise enable us to support the entrepreneur to set up his business in the shortest possible time.

Nominee Director Services
When setting up a private limited company, you need to have at least one local director who is an ordinary resident of Singapore being either

• Singapore citizen; OR
• Singapore permanent resident; OR
• Singapore employment/dependant pass holder.

We provide nominee director service, i.e. act as your company’s local director if you have difficulties appointing a director of your own.

Virtual Office
We provide Virtual Service Offices for those who wish to have a registered address at a very nominal cost

We will also handle all your correspondences and divert it to whichever destination you choose

Singapore Accounting, GST Services
Maintaining up-to-date and accurate records of all your accounts transactions is an essential part of a successful business.

At HRMCORP Group, we have qualified Accountants as well as professionally trained and well-experienced accounts personnel.

We provide Singapore Accounting and GST services support (at your site or from our office), by taking away the mundane yet important duties, such as:

• Filing of Singapore accounting records
• Compilation of financial statements ie Profit & Loss Statement, Balance Sheet
• Preparation on schedules for auditor
• Bank reconciliation
• Advising on reporting systems
• GST registration, preparation and submission
• Preparation on special report for bank and other statutory bodies

Accounts can be provided on a monthly, quarterly, semi-annual or annual basis

Benefits of outsourcing accounting and bookkeeping
• Substantial Savings in Staffing Cost
• Free-up management from administrative tasks to concentrate on higher-level finance decision-making
• Access to established external accounting expertise anytime
• Accounting staff turnover is no an issue anymore
• Better performance through use of professional service firm

Auditing and Assurance Services
Our affiliated CPA firm, provides Singapore auditing services and assurance service for a wide range of industries for small and medium-size enterprise, multinational corporations and subsidiaries of local and overseas listed companies including:

• Singapore statutory audit
• Internal audit service
• Special audits engagement

Statutory audit service
Our assurance approach does not focus simply on the financial statements of an organization, but also on the organization’s business operations. At all times, we are mindful of the auditor’s key role as the guardian of shareholders’ interests.

Exemption from audit

YOUR COMPANY MAY BE EXEMPTED FOR AUDIT REQUIREMENT IF :
• It is a Private Exempt Company (“EPC”), EPC means no corporate shareholder in the company and the number of shareholders in the company is not more than 20.
• Annual revenue of the company does not exceed $5 million for financing years starting on and after 1 June 2004
• Shareholders who represent 5% or more of a company’s ordinary shares does not request for audit, or
• Banks or other creditors/financial Companies does not require auditing.

Compilation of financial statement requirement
Company that is exempt from audit and filing requirement is still required to prepare a full set of financial statements (compilation report) including explanatory notes and must accompanied by the Directors’ Report and the Statement by Directors, and must be prepared in compliance with the Financial Reporting Standards (“FRS”).

A compilation report will give you the comfort that the information is compiled with professional competence and due care. It is also sufficient for income tax filing purpose. However, a Compilation Engagement is not as “Stringent” as an audit. The fee for a Compilation Engagement is lower than the audit fee.

In particular, at HRM Corp Group, we seek to identify Singapore tax-savings opportunities by advising on how you can obtain optimum Singapore tax benefits and make full use of Singapore tax incentives and reliefs. The Singapore tax and tax-related services that we provide include:

• Preparation and submission of Singapore Company Income Tax Return Form C and tax computation with schedules to the Comptroller of Income Tax
• Verification of Notice of Assessment issued by the Comptroller
• Filing of Estimated Chargeable income based on figures provided
• Corporate and personal tax compliance

Business terminate due to many reasons. Management deadlock, shareholders dispute,breaching of statutory provisions might be one of them

Depending upon the reasons, there are various methods of winding up, such as Creditor’s Liquidation, Member’s voluntary liquidation and Compulsory Winding Up

Company may not be active over the years (Dormant) or may not wish to continue the business and may wish to strike off the company

Depending on your needs, we will do the necessary arrangements to liquidate, wind up or strike off your company from ACRA

PERSONAL INSURANCE :
• Motor Insurance
• Medical (Individual/Corporate/Group/Foreign Workers)
• Traveling/Tours
• Personal Accident (Individual/Family-24 hours cover)
• Domestic Maid (Including Bonds)
• House (Building and Contents)
• Family (Personal & Family Liabilities-Incl. Medical Expenses)
• Golf

COMMERCIAL INSURANCE
• Work Injury Compensation Act (Worker’s Compensation)
• Public Liability (Legal Liabilities)
• Fire & Burglary (Office/Warehouse)
• Consequential Loss
• Office (Package Cover)
• Restaurant/Food Outlets
• Shops (Package Cover Incl. Fidelity Guarantee)
• Marine Cargo
• Health Centres/SPA

At HRMCORP we have the resources to assist our clients to solve a wide range of IT related issues – both the hardware and software.

Website is used as a tool for Marketing your activities and we provide professionals to design the websites to suit your individual needs of your company