Frequently Asked Question

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Corporate Secretarial Services
  • How soon must I appoint a company secretary after incorporation?
    Within 6 months of incorporation. It is a legal requirement under the Companies Act.
  • Can I appoint myself as the company secretary?
    Yes, but not if you're the sole director. At least two separate individuals are needed to act as director and secretary.
  • What’s included in your corporate secretarial package?
    Services typically include appointment of a named secretary, maintenance of registers, AGM/EGM preparation, annual return filing, and compliance reminders.
Accounting & Bookkeeping
  • Do I need to prepare financial statements even if my company is dormant?
    Yes, all companies must maintain financial records, although dormant companies may be exempt from audit and simplified filing is allowed.
  • How often should I update my accounts?
    Ideally monthly or quarterly, depending on your business size and activity. This ensures timely tax and GST filing.
  • Do you support cloud-based accounting?
    Yes, we support major platforms like Xero, QuickBooks, and MYOB for real-time financial tracking.
Tax Compliance (Corporate & GST)
  • When do I need to file Estimated Chargeable Income (ECI)?
    Within 3 months after the end of your financial year, even if your company hasn’t made a profit.
  • What’s the difference between Form C and Form C-S?
    Form C-S is a simplified version for qualifying small companies. Larger companies or those not meeting the criteria must file Form C.
  • Do I need to register for GST?
    Do I need to register for GST?
Human Resource & Payroll
  • Is CPF contribution mandatory for all employees?
    CPF contributions are compulsory for Singapore Citizens and PRs earning more than S$50/month. Foreign workers are exempt.
  • Do I need to issue itemised payslips?
    Yes, MOM mandates that all employers must issue itemised payslips for every employee.
  • Can you help with employment pass (EP) applications?
    Yes, we assist with EP, S Pass, and Dependant Pass applications for foreign employees.
Other Operational FAQs
  • Do I need a registered address in Singapore?
    Yes, every company must have a local registered address. We provide address services if you don't have one.
  • Can you assist with strike-off or company closure?
    Yes, we provide end-to-end support for voluntary strike-off and proper closure procedures.
  • How can I switch from my current service provider to Mycom+?
    It’s simple — we handle the resignation of your current provider, retrieve documents, and take care of the ACRA updates.