Incorporation, Accounting & Other Outsourced Support

SCS Global provides a range of support services that help companies to focus on their core business and also facilitate the establishment of new entities and overseas expansion.

Incorporation

In the case there is a need to incorporate a new entity, we are happy to manage the process for our clients and provide:

  • Handling of all applications, notifications and dialogue with officials that are related to company, branch or representative office establishment
  • Drafting of key documents e.g. Articles of Association for company’s needs
  • Temporary address service
  • Assistance with practical matters e.g. related to opening up bank accounts
  • Application of work permits, residence permits and other documents needed for foreign workforce

Accounting and Financial Reporting

SCS Global offers selected accounting and reporting services. Our professionals focus on clients’ requirements, delivering the service on time and continuously improving the outsourcing procedure to make it more efficient and cost competitive. Our accounting and financial related services include:

  • Preparation of general ledger
  • Preparation of monthly, quarterly, half-yearly and yearly financial statements in accordance with locally accepted accounting standards and IFRS/USGAAP
  • Consolidation of subsidiaries’ financial statements
  • Preparation of consolidation package used for reporting to parent company
  • Bank reconciliation
  • Accounts receivables/payables reconciliation
  • Preparing expense reports
  • Physical stock taking
  • Fixed asset control
  • Responding to statutory auditors
  • Preparation of eXtensible Business Reporting Package (XBRL) financial statements for statutory filing

Company Secretary Services

In Commonwealth countries such as Singapore, Malaysia, Hong Kong and India, companies are required to appoint a “Company Secretary” to lodge required information to Company Registrar within a certain period of time. Our offering covers the services indicated below:

Statutory

  • Acting as the Company Secretary
  • Maintaining statutory registers and records
  • Providing registered office address
  • Providing resident directors
  • Drafting relevant sections of annual financial report

Meetings

  • Preparing notice and agenda
  • Attending, providing advice and taking minutes
  • Filing of meeting resolutions

Advisory

  • Corporate governance
  • Structure of boards and committees
  • Meeting process and procedures

Payroll Services

SCS Global offer payroll administration services to fulfill clients’ needs such as:

  • Registration with government agencies
  • Collection of payroll data
  • Setting up contracts for new hires and handling terminations
  • Processing payroll calculation, including expense reimbursement and variable commissions
  • Preparation of monthly payroll summaries for management
  • Preparation and distribution of payroll slips

Our payroll outsourcing division works closely with tax professionals handling individual income tax return to provide an efficient one-stop service to expatriates.

Other Outsourcing

In addition to the above mentioned services, we offer outsourcing services such as invoicing, management of received invoices, cash management and reconciliation of receivables and payables. Our goal is to achieve efficiency and cost effectiveness by understanding our clients’ business model and identifying procedures to be outsourced.