CORPORATE SERVICES IN SINGAPORE

Kensington Trust Group (KTG) established a presence in Singapore in 2013. In the same year it formed a strategic alliance with JTC, which was further strengthened the following year with JTC’s investment.

This alliance creates a global offering of trust, fiduciary corporate and fund administration services to what is now the collective JTC Kensington client base.

In August 2016, Kensington Trust Singapore Limited was granted a licence by the Monetary Authority of Singapore to conduct trust business, offering specialised jurisdiction-specific fiduciary solutions.

 

FORMATION

A range of options are available depending on your needs:

  • Private and public company
  • Foreign company registration
  • Sole proprietorship
  • Limited Liability Partnership and Limited Partnership

PROFESSIONAL RESIDENT DIRECTOR

It is mandatory for Singapore companies to maintain a minimum of one director who must be “ordinarily resident in Singapore”, i.e. a Singapore citizen, a Singapore permanent resident or an employment pass holder.

COMPANY SECRETARY

It is mandatory for Singapore entities to appoint a local resident secretary who must be a natural person and has his/her principal or only place of residence in Singapore.

CORPORATE SECRETARIAL

We are engaged by our clients to provide corporate secretarial and administration services in relation to a broad range of structures which include investment holding vehicles, joint ventures and entities established for corporate acquisitions and disposals. We also assist clients with corporate governance and board and executive solutions, corporate turnarounds, restructuring and insolvency.

BOOKKEEPING AND ACCOUNTING

It is mandatory for Singapore entities to maintain proper accounting records. Depending on your needs, this service may include bookkeeping, consolidation, bank reconciliation, cash flow statement/analysis, financial statements and XBRL reporting.

CORPORATE TAX COMPLIANCE AND GST REPORTING

Our corporate tax compliance services include preparation and filing of estimated chargeable income, corporate annual income tax returns and attending to queries, if any, from the Inland Revenue Authority of Singapore (IRAS).

GST reporting services include compliance with GST Return submissions, GST preparation and computation and attending to queries, if any, from IRAS.

PAYROLL SERVICES

Our payroll outsourcing services help businesses to keep up with local legislation and ensure confidentiality.

Our comprehensive payroll services include:

  • Maintenance of employee payroll database
  • Input of monthly employee payroll data and preparation of payslips
  • Arranging to disburse funds to individual employees’ accounts
  • Preparation of CPF returns
  • Claims for statutory benefits
  • Preparation of IR8A (income tax return) and tax clearance for foreigners leaving Singapore

OFFSHORE COMPANY FORMATION AND ADMINISTRATION

We establish cross-border structures in various jurisdictions, and administration services.

 

WHAT MAKES US DIFFERENT?

We value shared ownership. We operate around the principle that if our people have a stake in the business, they will do a better job for our clients.

We value relationships. We aim to work with clients who share our belief in the importance of building strong relationships over time.

We invest in our people. Over 70% of our employees hold a relevant professional qualification or are working towards this through our dedicated JTC Academy.

We embrace technology. Our market-leading systems and operating platform are robust, powerful and flexible.