Nominee Director
Services
It’s mandatory for every company registered in Singapore to appoint at least one director who is ordinarily a local resident.
If your company is 100% foreign-owned, you must appoint a nominee director to fulfill this requirement. Some companies do so by engaging in nominee director services.
Nominee Director Services
It’s mandatory for every company registered in Singapore to appoint at least one director who is ordinarily a local resident.
If your company is 100% foreign-owned, you must appoint a nominee director to fulfill this requirement. Some companies do so by engaging in nominee director services.
Responsibilities of a Nominee Director
The nominee director would act under your strict instructions to fulfill the following duties:
- Manage daily company affairs
- Direct board of directors and employees
- Exercise utmost diligence when signing off any documents
Under the statutory requirements, they’re required to:
- Hold the Annual General Meeting (AGM)
- File the Annual Returns (AR)
- Provide regular updates on the Statutory Registers to the Accounting and Corporate Regulatory Authority (ACRA)
Most importantly, they should always act in good faith and avoid any conflict of interest.
Responsibilities of a Nominee Director
The nominee director would act under your strict instructions to fulfill the following duties:
- Manage daily company affairs
- Direct board of directors and employees
- Exercise utmost diligence when signing off any documents
Under the statutory requirements, they’re required to:
- Hold the Annual General Meeting (AGM)
- File the Annual Returns (AR)
- Provide regular updates on the Statutory Registers to the Accounting and Corporate Regulatory Authority (ACRA)
Most importantly, they should always act in good faith and avoid any conflict of interest.
Benefits of Engaging Nominee Director Services
Nominee director services are known to be flexible arrangements to help you quickly and easily satisfy ACRA’s regulatory requirements.
You’re given quick access to a trustworthy nominee with extensive knowledge to ensure complete compliance for your company.
You can hence gain peace of mind as you leave your company in the hands of a competent individual who knows and follows all instructions and regulations.
What if I don’t know someone who can act as my nominee director?
Don’t be disheartened if you can’t find someone to act as your nominee director in Singapore.
There are firms that provide services of a nominee director who will act in your best interest.
As a firm in this field, Startup Advisors has a team of competent staff to help you reap the benefits of engaging nominee director services.
What if I don’t know someone who can act as my nominee director?
Don’t be disheartened if you can’t find someone to act as your nominee director in Singapore.
There are firms that provide services of a nominee director who will act in your best interest.
As a firm in this field, Startup Advisors has a team of competent staff to help you reap the benefits of engaging nominee director services.
Nominee Director Service Plans
by Startup Advisors
Accounting-Startups
$200/Month
For Businesses that are now successful, 3 years onwards
Include Cloud Intuitive Software
Include Document Management App
Include Data Entry
Include Monthly Reporting of Financials
Why choose Startup Advisors?
All-in-one provider
With our extensive experience and knowledge, we understand the complexities and dynamics of many company start-ups.
In addition to nominee director services, our team of professionals can also support you in other areas to ensure the smooth incorporation of your company in Singapore.
All-in-one provider
With our extensive experience and knowledge, we understand the complexities and dynamics of many company start-ups.
In addition to nominee director services, our team of professionals can also support you in other areas to ensure the smooth incorporation of your company in Singapore.
Trustworthy local brand
At Startup Advisors, we’re a team of locals running the business and hence, have full capabilities to keep your company compliant in Singapore at all times.
If you have any questions regarding licensing, GST submission, or any other local matters, we’ll be able to provide appropriate advice and recommendations.
FAQs
Are nominee directors legal?
Appointing a nominee director is legitimate. However, you’ll need to ensure that your nominee director is physically and mentally capable of handling the job.
Anyone can be a nominee director as long as he/she is over 18 years of age, is not bankrupt, and does not have any criminal record.
What are the risks of hiring a nominee director?
The nominee director will have access to your business information and can thus compromise your business operations if he/she oversteps his/her authority.
However, this risk is easily mitigated by engaging a reputable company like Startup Advisors to appoint the right person for you!
How can I ensure full control over my company when using nominee director services?
The nominee director will only act under your direct instructions and a nominee service agreement will also be signed to protect both parties interests.
At Startup Advisors, our nominees possess the relevant skills and experience to fulfill their duties and we’ll be there to assist you at every step of the way.