What is the role of an Nominee Resident Director for your business?
The Companies Act 1967 requires that every company registered in the city-state appoint at least one director who is a resident in Singapore.
A Nominee Director has the same obligations and responsibilities as those imposed on a regular director by the Companies Act and the common law. Directors are responsible for the statutory books and filings, accounting records and annual accounts, shareholders and directors meetings and have a fiduciary duty towards the company.
We can help you fulfil this requirement by incorporating a new business in Singapore for you and appointing one of our team members to act as the nominee resident director for your company on a short-term period or annual basis, and provide other accoutrement services you may need.
A Nominee Director has the same obligations and responsibilities as those imposed on a regular director by the Companies Act and the common law. Directors are responsible for the statutory books and filings, accounting records and annual accounts, shareholders and directors meetings and have a fiduciary duty towards the company.
We can help you fulfil this requirement by incorporating a new business in Singapore for you and appointing one of our team members to act as the nominee resident director for your company on a short-term period or annual basis, and provide other accoutrement services you may need.
Provision of our Resident Nominee Director Service is subject to the following terms:
- The Nominee Director Service is offered for statutory compliance only. The Nominee Director will not be involved in any day-to-day management, financial, or operational matters of the company and will not execute documents on behalf of the Company nor will the Nominee Director sign any personal guarantee relating to the indebtedness of the company.
- You must appoint one or more other individuals (who can be foreign individual(s) including yourself) as the executive director(s) who will be responsible for running the company.
- In addition to our Nominee Director fee, you will be required to pay a refundable security deposit for the provision of our nominee director service. The security deposit is collected to safeguard the interests of the Nominee Director.
- You can terminate our Services at any time and replace our Nominee Director with a suitable replacement. We will refund the security deposit after the change has been affected with Company Registrar.
- You must, at all times while using our services, ensure that the Company remains solvent and maintains all compliance. (Please refer to our other services offered to help ensure your company meets all compliance requirements.)
Engage our Nominee Director Services