Is it necessary to appoint a Company Secretary?

Under Section 171 of the Singapore Company’s Act (Cap. 50), every Singapore incorporated company shall have one or more secretaries each of whom shall be a natural person who has his principal or only place of residence in Singapore.

Does a Singapore company require a local resident director?

Section 145 (1) of the Singapore Company’s Act (Cap. 50) requires that all Singapore incorporated companies must have at least one director who is “ordinarily resident in Singapore” i.e. Singapore Citizen, Singapore Permanent Resident, or a person who has been issued with a work pass such as EntrePass, Employment Pass, or Dependent Pass.

What are the minimum requirements to be a director in Singapore?

Section 145 (2) of the Singapore Company’s Act (Cap. 50) states that any person above the age of 18 years may be appointed as a director. However, certain individuals (e.g. those who are bankrupt, etc.), are disqualified from holding director positions.

What is the nominee director?

A nominee director is a third party provided by us to be registered as the local resident director of the Singapore Company due to Singapore Companies Act requirement.

Who can act as the local resident director for our company?

Yes, we do provide nominee director service. However, please note that our nominee director will not have any financial, management, or operational interest in the company. His main role is just to satisfy the statutory requirement of a local resident director for your Singapore company.

Do I need a company secretary for my Singapore company?

Under Section 171 of the Singapore Company’s Act (Cap. 50), every Singapore incorporated company shall have one or more secretaries each of whom shall be a natural person who has his principal or only place of residence in Singapore.

Must a Singapore company appoint a company secretary?

Singapore Companies Act Section 171 of the Companies Act requires a company to appoint a Singapore resident company secretary. All Singapore Companies must appoint a Company Secretary to handle on-going statutory compliance matters. Rikvin will act as the named Company Secretary for your Company to comply with the Companies Act

What are company secretary responsibilities?

The company secretary is usually responsible for establishing and maintaining the company’s records. Monitoring and ensuring compliance with relevant legal requirements, particularly under the Companies Act are adhered on a timely basis.

  • any changes in the director(s) of a company or particulars relating to director(s)
  • changes to a directors name or residential address
  • removal from office in accordance with the Act or constitution
  • appointments/resignations/deaths
  • annual return
  • change of company name
  • adoption, alteration and revocation of constitution
  • issue of shares
  • any other changes that requires updating with ACRA