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Nominee Directors in Singapore

Updated on Monday 07th January 2019

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Nominee-directors-in-SingaporeDirectors of Singapore companies

The Singapore Commercial Law requires foreign investors setting up companies here to appoint a resident director and a resident company secretary. The director must be a Singapore citizen or may have a residence or permanent employment pass. However, there are situations in which a foreign enterpriser cannot find a local partner and must appeal to the services of Singapore specialists who are allowed to provide nominee director services.

The nominee director can be defined as a non-executive director or a person acting on behalf of an individual or a company. The legislation allows foreign investors opening companies in Singapore to appoint nominee directors.

The role of the nominee director in Singapore described by our Singapore company formation agents 

The nominee director of a Singapore company must fulfill all statutory compliance requirements as specified by the Companies Law; therefore, they will also have the same responsibility as any other resident director. However, the role of the Singapore nominee director will be limited. A nominee director cannot:

  • -          be directly involved in the company’s management,
  • -          be involved in the company’s financial or operational responsibilities.

The nominee director will provide their services as long as the shareholders of the company request them to and will resign whenever required. Our consultants in company formation in Singapore offer both nominee shareholder and director services as well as complete guidance in order to open a company in Singapore.

The benefits of using a Singapore nominee director

One of the greatest advantages of appointing a nominee director is privacy, as the name of the company directors must be registered in the Singapore Accounting and Corporate Regulatory Authority’s records. The directors’ names are also available to the public. Foreign investors who want to run their Singapore companies from abroad can do so by using the services of a specialized firm offering nominee director services. Moreover, the nominee director can set up the company’s bank account and register for taxation purposes or obtain the required licenses to operate and thus helping the beneficial owner to save money and time.

If you want to open a company in Singapore, you can contact our Singapore company formation agents for assistance.

 

Why choose us?

Roger Pay is the Managing Director of Bestar and an experienced company formation consultant. He will help you open your company in Singapore as fast as possible. 

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As a Bestar clientyou will benefit from the joint expertise of local lawyers and consultants for opening an offshore company in Singapore.

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Call us now at +65 97236684 in order to set up an appointment with our consultants in Singapore

 
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