• Address: 182 Cecil Street, #23-02 Frasers Tower, Singapore 069547
  • Call US: +65 63270620
  • Email Address: contact@finova.com.sg

Services

ABOUT US

What We Are Good At

We have continuously refined our expertise, so businesses can achieve the success they deserve. We excel in the markets across Asia-Pacific while supporting companies ranging from start-ups to multinational corporations in navigating complex regulatory policies and corporate sensitivities.

I N C O R P O R A T I O N

INCORPORATE YOUR BUSINESS.
GLOBALLY.

FINOVA works closely with businesses to help you through every phase of your incorporation to ensure that business owners are equipped with all the knowledge they need. Just as FINOVA is dedicated to your business success, we dedicate experts to business owners and ensure clear communications and single-point contact.

Company Formation

• Establishment of companies limited by shares in Singapore
• Registration of foreign branches in Singapore
• Establishment and acquisition of ready made companies in offshore jurisdictions such as the British Virgin Islands, Cayman Islands, Bahamas, Seychelles

Corporate Secretary

01. Incorporation & Setting Up Of Your Company &Business Structure

  • Incorporation Of Private Limited And Public Companies In Accordance With The Singapore Companies Act
  • Registration Of Foreign Companies
  • Registration (And Renewal) Of Representative Offices
  • Registration Of Businesses
  • Registration Of Limited Liability Partnerships
  • Advice And Application Of Employment And Residency Passes, Dependant Passes, And Permanent Residency
  • Provision Of Nominee Directors Services Provision Of Authorised Representative (For Foreign Companies)
  • Provision Of Named Company Secretary
  • Provision Of Local Registered Office Or Correspondence Address
  • Other Corporate Secretarial Services

02. Governance & Regulatory Compliance Reporting

We help companies stay compliant with every aspect of business regulation in Singapore and across Asia-Pacific. We can:
  • Offer advice and assist on annual statutory and regulatory compliance obligations in Singapore, Australia, Hong Kong, China, and Malaysia
  • Provide secure and proper maintenance of statutory registers, minute books and company records
  • Deliver effective and timely reporting to relevant statutory authorities and regulatory bodies of any alterations or corporate structures changes to your company
  • Provide advice and assistance on reporting and compliance requirements relating to the stock exchanges of Singapore (SGX), Malaysia (BURSA), Hong Kong (HKEX), China (SSE), and Australia (ASX)
  • Prepare board and shareholders’ resolutions
  • Attendance at board and shareholder meetings and subsequent preparation of minutes of said meeting
  • Advise, preparation and review of Corporate Governance reports forming part of Annual Report
  • Advise, preparation and lodgement of Annual Returns and other requisite filings with the Accounting and Corporate Regulatory Authority of Singapore (ACRA)
  • Advise, preparation and release of company announcements on the Singapore Stock Exchange (SGX).

03. Company Cessation & Business Liquidation Service

Closing down your business doesn’t have to be a hassle. We offer advice and assistance with the following:
  • Deregistration of company
  • Striking-off a local or foreign company
  • Winding-up or liquidation of company
  • Voluntary liquidation of company

4. Other Corporate Secretarial Services

  • Acting as filing and process agents
  • Provision of named company secretaries
  • Preparation of directors’ and/or members’ resolutions to approve corporate transactions
  • Maintenance of the statutory records of the Company including the resolutions/minutes passed by the Director(s) and Shareholder(s) & the statutory registers
  • Advising the Company on the compliance requirements & the filing of the requisite returns with the authorities
  • Provision of directorship for private companies
  • Provision of authorized representative /agent for foreign branches
  • Provision of registered office address
  • Provision of correspondence/mailing address
  • Arranging for the disposal of companies eg winding up or striking off companies or cessation of foreign branches
  • Arranging for the notarization and legalization of corporate documents at embassises, consulates and High Commissions.

• Registration Of Public & Private Companies
• Registration Of Foreign Companies
• Registration Of Representative Offices
• Regulatory Compliance Reporting
• Restructuring & Cessation Of Companies
• Employment Pass/ Permit/ Visa Applications, Appeals, Renewals & Cancellations
• Provision Of Local Directors, Secretaries, & Authorised Representatives
•R egistered Office Addresses
• Management Of Board & Shareholder Meetings

Immigration

Assist in the application for work passes & other related passes such as dependants’ and long term visit passes

01. Expat Services

  • Employment & residency paperwork & applications
  • Tax applications & more
  • Business registration & compliance
  • Insurance applications

• Employment & Residency
• Passes/ Permits/ Visa Applications, Appeals, Renewals & Cancellations
• Personal Tax Services Cross-border Tax Expertise
• Insurance Services
• Business Registration & Compliance

Payroll

01. Local Payroll Management Services (Singapore)

  • Computation of gross to net salary & CPF
  • Provision of payroll detail, variance reports & payroll journals
  • Disbursement of net salary & CPF via our client trust account & issuing confidential pay slips (hard copy or electronic)
  • Preparation of year-end IR8A forms & appendices (hard copy or electronic)
  • Preparation of IR21, GML, NS MUP, CPF refund, government statistics forms, etc. in accordance with Singapore Employment Act
  • Electronic administration of employees’ leave and expense claims

02. Regional Payroll Management Services

  • Regional payroll management for APAC countries
  • Options for centralised payroll coordination through BoardRoom Singapore or decentralised coordination via our network of local offices
  • Payment and lodgement of local statutory obligations and filings
  • Payroll related tax & accounting services
  • Management & administration of employees leave, and expense claims electronically
  • Regional & global payroll outsourcing services

03. Our Payroll Solutions by All-in-one Cloud-based HRMS Platform

  • Complete HRMS solution with multi-country payroll, leave and claims processing
  • Full statutory compliance with local legislation in several countries across Asia
  • Flexible automated leave solution & automated payroll processing
  • Intuitive mobile app for instant access to payslips, claims & leave application and submission
  • Attendance clocking technologies, shift calendar and staff rostering system
  • A dedicated account manager giving you one easy point of contact

• Local & Regional Payroll Solutions
• Salary & Statutory Contribution Disbursement
• Compliance With Local Statutory Obligations
• Payboad, Single & Flexible Regional Payroll Platform
• Flexible Automated Leave Solution
• Pay Computation & Disbursement With Easy Access Payslips
• Claims Submission

A C C O U N T I N G

MAINTAINING PROPER
BOOKKEEPING & ACCOUNTING RECORDS

FINOVA ensures that your business fulfills the compliance requirements stipulated by the regulatory authorities in Singapore
to uphold the integrity of your company’s reputation. You can expect swift and exceptional accounting service in the areas of:

Bookkeeping and Statutory Compliance

Our accountancy and bookkeeping services in Singapore will free you from the day-to-day account maintenance through the following services:

Chart of Accounts set-up using Accounting Software
• Access to a Dashboard Interface to see all your key information in one simple place. Your dashboard gives you an up-to-date view of your running balances and bank reconciliations across all of your accounts.
• Accounting entries, compilation of general ledger reports, trial balances, profit and loss statements, balance sheets and balance sheet schedules for management reporting and financial analysis
• Set up direct bank feeds from bank accountsto have transactions imported securely online at your disposal
• Maintenance of Customers and Suppliers contacts for easy invoicing and prompt payments
Preparation of year-end financial statements, including statements of comprehensive income, statements of financial position, cash flow statements, statements of changes in equity and notes to the accounts (Singapore Financial Reporting Standards-compliant)
Assistance in the statutory reporting process, including liaison with auditors
• Completion of MAS and other required forms for submission to government agencies

XBRL Financial Statements: Expedite Your ACRA Filing

Preparation of financial statements in XBRL format for ACRA filling
XBRL Conversion of Financial Statement

Consolidation of Group Accounts

Preparation of group consolidated accounts with multiple subsidiaries

Cash Management

• For the purpose of cash management services, we assist our clients in maintaining trust accounts wherein the clients’ funds are received and disbursed on their behalf (eg. payment of vendor invoices). Bank reconciliation will be performed on a monthly basis.

Financial Management Solutions

Quick resolution of accounting and bookkeeping issues for your Singapore business
Implementation of Accounting Software for real-time financial reporting services

T A X A T I O N

TAX COMPLIANCE & ADVISORY

At FINOVA, we help companies locally and regionally navigate and stay compliant to current regulations with our tax services.
Our certified tax planning, financial accounting, and compliance services will help you have a peace of mind during
reporting season while maximising your tax incentives and benefits.

TAX COMPLIANCE & TAX FILING SERVICES

We help manage all your corporate tax filing and tax advisory services, planning, financial accounting, compliance and regulation matters in Singapore.

• Monitoring of statutory tax filing deadlines and satisfying all necessary requirements
• Preparation, review and submission of finalised tax returns
• Submission of the finalised tax return and computation to clients for signatures and agreement prior to filing
• Advice on the tax payment due dates upon receipt of the Notice of Assessment
• Application for Singapore tax incentives
• Application for Productivity and Innovation Credit (PIC) benefits
• Filing of Form C and Form C-S for company income tax return
• Personal and income tax filing services for companies in Singapore
• Tax clearance and withholding tax services

TAX
ADVISORY
SERVICES

Structuring your business units to take advantage of tax benefits requires on-point expertise. We conduct an in-depth analysis of your business structure before providing industry-leading advice on the best long-term tax solutions.

• Tax due diligence review
• Tax advice on inbound & outbound investments
• Analysis of business flow & contracts
• Tax advice on group corporate structure & business restructuring

GST PLANNING, AUDIT & COMPLIANCE

Our work is useful for keeping companies compliant with Singapore GST regulation compliance, laws and tax filing services. Our GST services include:

• GST advice on start-up issues
• GST registration and return filing
• Pre-registration GST input tax claims
• Application for special GST registration
• GST advisory on local and cross-border transactions
• Health checks to avoid common GST pitfalls and to improve efficiency
• Review and preparation of GST returns
• Application for Major Export Scheme (MES) and renewal of MES
• Conduction of GST Assisted Self-help Kit (ASK) review
• In-house GST training
• Voluntary disclosure programme
• Handling of IRAS queries
• Filing of F7 error correction forms
• GST advice on the implication of de-registration of GST
• Filing of GST Forms 8 (final return) and 9 (de-registration)

CORPORATE INCOME TAX

GOODS & SERVICES TAX

PERSONAL INCOME TAX

WITHHOLDING TAX

GST REGISTRATION

GST REVIEW / AUDIT

B U S I N E S S A D V I S O R Y

CORPORATE ADVISORY & CONSULTING

Our team of experienced professionals are well equipped to provide sound technical guidance and solutions, practical and effective assistance to businesses across a wide range of industries.

STRIKING OFF COMPANY

We provide professional services in local companies striking off, and work with the Accounting and Corporate Regulatory Authority (ACRA) and other relevant government agencies.

INTERNAL AUDIT

• Providing advices on how to implement an effective and secured internal control environment
• Workable internal controls developing advices
• Effective and secured internal control environment implement advices
• Core operational risks management advices
• Assisting with linking operational strategies and risk performance measures to business goals.

FINANCIAL DUE DILIGENCE

The due diligence process typically covers a wide range of areas, including legal, information technology, operational, marketing and financial matters.

E M P L O Y E E C A R E

KEEPING YOUR BEST EMPLOYEES.
WITH THE BEST SOLUTIONS.

Implementation, Administration, and Engagement.
HR services that enables companies to deliver the tools, resources and communications
for employees' need to do their jobs with motivation.

EMPLOYEE PLAN SERVICES

• Administration Planning
• Employee Offers Facilitation
• Electronic Sales Platform
• Employee Meeting Services
• Custody Services
• Employee Plan Reporting
• Employee Dividend Payments
• Document Design and Implementation

PAYROLL

• Local and Regional Payroll Solutions
• Salary and Statutory Contributions Disbursement
• Compliance with Local Statutory Obligations
• Flexible Regional Payroll Platform
• Flexible Automated Leave Solution
• Pay Computation and Disbursement with Easy Access Payslips
• Claims Submission

I M M I G R A T I O N

IMMIGRATION & EXPATRIATE
SERVICES

Assist in the application for work passes and other related
passes such as dependants’ and long term visit passes

IMMIGRATION

EXPAT SERVICES

  • Employment and residency paperwork and applications
  • Tax applications and more
  • Business registration and compliance
  • Insurance applications

• Employment & Residency
• Passes/ Permits/ Visa Applications, Appeals, Renewals & Cancellations
• Personal Tax Services Cross-border Tax Expertise
• Insurance Services
• Business Registration & Compliance