All Singapore Private Limited Companies are required by the Singapore Companies Act to have at least one director who is an ordinary resident of Singapore i.e. one of the following:
The nominee director normally does not have any role in the company, other than to satisfy the statutory requirements of a local resident director for your Singapore incorporated Company. Thus, the Nominee director is a director by name only, without any powers or responsibilities.
The responsibilities of a Singapore company director are quite onerous hence we will require you to:
Note: Security deposit should not be confused with our Service Fee. It’s your money that is temporarily in our custody for the duration of us acting as your nominee director. We will refund the security deposit back to you immediately upon termination of our nominee director service by you providing us with the details of an alternate local director.
Got a question? Just drop us an email at sales@asiabizservices.com
