A private limited company requires at least one individual director who has to be an ordinary resident of Singapore ie being one of the following:
- Singapore citizen OR
- Singapore permanent resident OR
- Singapore employment/dependant pass holder.
If you do not have a local Singapore resident director to meet the requirement of the Singapore Companies Act, you can engage our Nominee Director Service at a very affordable rate. Our nominee directors are degree graduates, qualified professionals and have absolutely good reputation to facilitate the company incorporation without a hitch.
We will provide you with a local Nominee Director for your company provided the followings conditions are met:
- The service is offered for statutory compliance only. The Nominee Director will not be involved in any management, financial, or operational matters of the company.
- You must appoint one or more individuals (normally the company shareholders) to be the directors that are responsible for running the company operations.
- You must satisfy our initial and ongoing requirements.
- Execute our Nominee Director Indemnity Agreement.
We will also require a refundable security deposit for the provision of the Nominee Director Service. The service can be terminated any time at your convenience. You, however, must appoint a new Singapore resident director to meet the statutory requirement.