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.

What do you look for before you agree to provide the Nominee Director Service?

The Nominee Director is considered to be a full director and responsible for the actions of the company even though he has no role in managing the company. Therefore you will need to:

  • Satisfy our “Client Risk Assessment Certificate” requirements
  • Appoint at least two foreign directors to run the business
  • Subscribe to our annual secretarial service
  • Execute our Nominee Director Indemnity Agreement
  • Pay our refundable security deposit

Does the local nominee director actively run my business?

No. The Nominee director is purely for fulfilling statutory requirements. He will not have any financial, managerial or operational role. You are required to appoint your own directors (can be non-residents) who will run the business on a day to day basis.

On an exceptional basis, the nominee director can sign a contract if the document is acceptable to us. We will charge you for the document to be vetted by our lawyers and charges will apply based on the complexity of the document.

What is is a nominee director?

Singapore Companies Act requires every Private Limited company has a minimum of one local Singapore resident director. However, if you do not know any no one in Singapore who can become a director of your company, we will provide you with a reliable Singapore local director to be your nominee director.