Are you eager to tap into Singapore’s thriving business landscape?

If you’re a foreign business looking to set up here, there’s a crucial legal requirement you should be aware of: Singapore law mandates the need for a local nominee director to register your company.

This is where my expertise comes into play. As a seasoned nominee director, I have a track record of helping new businesses, especially foreign entities, establish themselves successfully in Singapore.

But before that, let’s first unpack some basic questions about the role of a resident director and what it means for you

What is a Nominee Director?

If you’re planning to register your company in Singapore, the law requires at least one director who is a resident of Singapore to represent your company with local authorities.

This requirement is outlined in the country’s Companies Act. However, if you don’t have someone who lives in Singapore and can fulfil this role, there are options available to you.

• One solution is to hire a nominee director, also known as a local director, who will represent your company in Singapore for a nominee director fee.

Requirements of a Nominee Director

Here are some easy-to-remember criteria for a nominee director:

• Has to be a Singapore Citizen or Permanent Resident of Singapore
• Must have a permanent address in the country
• At least 18 years of age
• Good knowledge of the business climate in Singapore
• Clean record and no history of misconduct or violations under the Singapore Companies Act

Similarly, the person is solely to ensure compliance with Singapore’s regulatory requirements and they will not be involved in the day-to-day operations of your company.

Another option, although more complex, is to apply for a work pass such as an Employment Pass or Entrepreneur Pass for yourself. This would require you to become a resident of Singapore and then become a director of the company.

However, you will have to relocate and establish a residence in Singapore before approving your work pass.

Nominee Director vs Regular Director: Roles and Responsibilities

Let’s understand the context of regular and nominee directors.

While both the regular director (registrant company) and nominee director acknowledge that the services provided by the nominee director are carried out in a nominee capacity, the nominee director does not possess any executive authority or commercial responsibility.

Allow me to explain the primary tasks and obligations of a nominee director.

• Ensure regulatory filings are submitted on time
• Sign routine notices as required
• Sign off yearly audited accounts
• Meetings for shareholders and directors conducted under legal requirements
• Ensure personal interests do not interfere with or compromise the interests of the company
• Work with the company in good faith

On the other hand, a nominee director in Singapore:

• Doesn’t get involved in making business decisions for the company
• Isn’t required to be at the office or present during negotiations
• Does not influence any internal company meetings

Why do you need a Nominee Director in Singapore?

Imagine the peace of mind that comes with having a nominee director who not only meets the residency criteria but also understands the local business landscape.

That said, the main reason for having a nominee director is to comply with local regulations and requirements.

For example, if you’re starting a company in Singapore, the government requires a responsible contact person to ensure compliance and accountability.

This prevents foreign owners from leaving the company unattended and helps maintain proper business conduct, including tax payments and adherence to corporate laws.

Nominee directors play a crucial role in ensuring you, as a registrant company meet its obligations.

In addition, Singbac provides administrative and consulting services at a reduced rate to meet your company’s needs.

Compliant and friendly Nominee Director appointment

As the founder of Singbac, a business consultancy in Singapore, my journey has revolved around this vibrant city-state for my entire life.

With over 20 years of hands-on experience in business consulting, advisory, and market research, along with a rewarding tenure with a government agency, I embarked on establishing Singbac with a clear purpose.

At Singbac, we take pride in providing top-notch services, and we recognize the significance of a reliable nominee director for your company’s success.

In Singapore, you’ll find numerous corporate service providers offering nominee director services, but what truly distinguishes us is the warmth and personalization.

Our friendly fee structure is both fair and transparent, provided that your company has already engaged a corporate secretarial and accounting provider.

Read more about establishing a Singapore holding company

Set up your company in Singapore with my services

Don’t let the absence of a resident director hold you back from expanding your business to Singapore.

As a nominee director, I offer you a seamless and hassle-free path to company registration in Singapore. No longer do you need to stress over finding a suitable resident director.

With my services, you can effortlessly fulfil the requirement, allowing you to focus on growing your business.

So why wait? Take advantage of my expertise and experience. Let’s propel your business forward together.

Reach out now for more information or to schedule a consultation.

Don’t miss this opportunity to establish your company in Singapore, your gateway to success in the heart of Asia.