Are you looking for a nominee director for your company? Let us provide this service for you so your business can no sooner take off to its destination of success.
All private limited companies in Singapore are required by the government to appoint at least one local resident director. The director, in addition to having a Singapore address, can have either of the following resident status: Singapore citizen, permanent resident, entrepass holder, employment pass, or dependent pass.
If your company is fully owned by a foreign entity and does not have a local director, then we can provide you with a nominee director.
Scope and Limitation of the Nominee Director
The nominee director’s work is to fulfill the above-mentioned mandatory requirement as stipulated in the Singapore Companies Act and to be held accountable for all statutory requirements. He/she will act as a non-executive director on the board of directors of the company. As such, the he will not be involved in matters concerning management, operations, and finances of the firm. He may examine and review the company’s bank and financial statements as part of his duties as a trustee.
Our Duty and the Client’s Role
After the incorporation of the business, One of our team members will be named your company’s nominee director. For your part, you will have to appoint individuals, whether foreign or local, to be the executive directors who will run and manage the company. They will be the ones to act as the bank signatory, sign contracts and financial documents, and act as the company’s shareholders.
Should you, a foreign professional individual, be in the process of relocating to Singapore, then you can avail of our nominee director services temporarily and then take over once your residency status is approved; but, if you will be staying off-shore, then you will need our services long-term.
A refundable security deposit must be given on top of the service fee. This is to ensure that we are protected should unfavorable occurrences happen. Should you identify another person to act as your local director, then our nominee director can be asked to resign at any time. Your security deposit will then be refunded right after everything has been finalized.