FAQs

FAQs

How long does it take to incorporate a company in Singapore?

The company incorporation process can take as little as within 24 hours, depending on the completeness of the information and documentation provided. Our team will assist you throughout the process to ensure a smooth and quick establishment.

What is the role of a Company Secretary?

A Company Secretary ensures that the company complies with statutory and regulatory requirements. Their responsibilities include maintaining statutory registers, filing annual returns, preparing board resolutions, and keeping company records in order. In Singapore, it is mandatory for every company to appoint a Company Secretary within six months of incorporation.

​

How often should I hold board meetings?

In Singapore, board meetings should be held at least once a year to approve the financial statements. However, more frequent meetings may be necessary depending on the size and nature of your business. We can help you organize and prepare the necessary documentation for these meetings.

​

What is cloud accounting, and how can it benefit my business?

Cloud accounting uses software like Xero to store financial data on remote servers. It allows you to access real-time financial information from anywhere, streamline invoicing, improve bookkeeping accuracy, and manage your business finances more efficiently.

​

Can I use my current accounting software?

Yes, we can work with your current accounting software, provided we have the necessary access. However, we recommend using cloud accounting software for its added convenience, allowing us to log in remotely and offer real-time support.

​

How can you help my business with corporate taxes?

We provide comprehensive tax services, including tax planning, preparation, and filing. Our goal is to ensure that you meet all tax obligations while optimizing your tax position to take advantage of available tax benefits and deductions.

How does Account Ink Pte Ltd assist with work pass applications?

We handle the entire work pass application process for you, from eligibility assessment to document submission. We ensure that all requirements are met and work with you to ensure a smooth and successful application process.

Do you guarantee the approval of Employment Pass, S Pass, and Work Permit applications?

While we assist in preparing and submitting Employment Pass, S Pass, and Work Permit applications, approval is at the discretion of Singapore’s Ministry of Manpower (MOM). We cannot guarantee approval but will ensure that all applications meet the necessary criteria to increase the likelihood of a positive outcome.

​

How long does it take to process a work pass application?

The processing time for work pass applications varies. Generally, Employment Pass and S Pass applications can take 3–8 weeks, while Work Permit applications may take up to 2 - 7 days. We’ll keep you informed throughout the process.

​

Can you help with obtaining business licenses?

Yes, we provide end-to-end support in obtaining necessary licenses for your business. We assist with preparing documentation, submitting applications, and following up with relevant authorities to ensure you obtain your licenses promptly.

​

What is PDPA compliance, and why is it important?

PDPA (Personal Data Protection Act) compliance ensures that your business properly manages and protects personal data. Non-compliance can result in legal penalties. We assist companies in implementing PDPA-compliant policies and procedures to protect customer data and avoid potential fines.

​

How does your recruitment service work, and what is your fee structure?

We charge a service fee equivalent to one month of the candidate’s salary upon signing the employment contract. If the candidate resigns within the first month, we will provide a free replacement. If no replacement is found within that time, 50% of the service fee will be refunded.

​

How can you assist my business in applying for grants?

We research available grants, prepare application materials, and guide you through the application process to help secure funding for your business. Our experts ensure that you meet all requirements and deadlines for grant applications.

What payment methods do you accept?

We accept various payment methods, including bank transfers, credit card payments, and PayNow. If you have a preferred method of payment, please let us know, and we will do our best to accommodate it.

​