Is the service fee and security deposit the same?
A security deposit should not be confused with our Service Fee or some other fee. It’s your money that is temporarily in our custody for the duration of our nominee director service. We will refund the security deposit back to you immediately upon termination of our nominee director service.
What are your terms for providing a nominee director service?
As per Singapore company laws, the responsibilities of a company director are quite onerous and therefore we have certain conditions that must be fulfilled in order for us to provide a nominee director service. Specifically, We would need to be satisfied with the credibility of company beneficiaries and may require additional information on a case-by-case [...]
Does Asiabiz provide a Nominee Director service?
If we don’t have anybody in Singapore who can act as the local resident director for our company, do you provide the service of a nominee director? What role will he play in our company? Yes, we do provide nominee director service. However, please note that our nominee director will not have any financial, management, [...]
Can a nominee director manage my company or sign documents?
No, the nominee director cannot manage your company. As an exception, the nominee director can sign a contract or invoice for an additional fee if the document is acceptable to us.
The Function and Duties of a Nominee Director in Singapore
It is trite law that Directors of company owe a fiduciary duty or obligation to their company. However, it begs the question what of the Nominee Director? What is the function of the Nominee Director and what are his duties under the Singapore Companies Act? A is someone in layman’s terms who is renting his [...]
