Singapore Nominee Director

The Singapore Companies Act requires all Singapore Private Limited companies to have at least one individual director who has to be an ordinary resident of Singapore i.e. being one of the following: -

  • Singapore Citizen
  • Singapore Permanent Resident
  • Singapore Employment Pass/ EntrePass/Dependant Pass holder.

Rikvin’s personnel can act as your Nominee Director to satisfy the companies act requirements.

The responsibilities of a Singapore company director are quite onerous hence we require you to:

  • Execute our nominee director indemnity letter  
  • In addition to our nominee director professional service fee of S$200.00 per month, we require a S$3000.00 refundable security deposit for the provision of this service.

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. We will do the necessary paperwork, lodge the change with authorities and promptly refund the security deposit to you. 

Read more on duties and responsibilities of directors

FAQ - Singapore Nominee Director Service

Is a resident director required for registration of a Singapore company?

The Singapore Companies Act requires all Singapore Private Limited companies to have at least one individual director who has to be an ordinary resident of Singapore i.e. being one of the following: -

  • Singapore Citizen
  • Singapore Permanent Resident
  • Singapore Employment Pass/ EntrePass/Dependant Pass holder.
What is the role of the nominee director in our company?

Our nominee director will not have any role in the company except to satisfy the statutory requirements of a local resident director for your Singapore Company. The Nominee is a director of a company in name only and has no other powers or responsibilities. We also provide the client with a nominee director agreement which defines the limitations of our role as nominee.

What are your terms for providing a nominee director service?

The responsibilities of a Singapore company director are quite onerous hence we require you to:

  • We would need to be satisfied with the credibility of company beneficiaries and may require additional information on a case-by-case basis.
  • Execute our nominee director indemnity letter  
  • In addition to our nominee director professional service fee of S$200.00 per month, we require a S$3000.00 refundable security deposit for the provision of this service.
Why do you need a security deposit? When will we get it back? Can I terminate your nominee director service anytime?

The responsibilities of directors are quite onerous for all directors including the nominee director. Our nominee director service is provided by our reputable and trustworthy professionals and to safeguard interests of the nominee director, we require that a security deposit be kept with us for as long as our nominee director service is active.  We will refund the security deposit back to you within 2 working days after you no longer need our nominee director service.

Yes, you can terminate our nominee director service anytime by providing us with the details of an alternate local director. We will do the necessary paperwork, lodge the change with authorities and promptly refund the security deposit back to you.

If you wish to discuss further or take up our corporate & related services, please call our Advisory Team who can assist you with your requirements. Clients may either visit our office (click here to see location map), or call us at (65) 64388887 or email to us at info@rikvin.com  to discuss their specific requirements, obligation-free. Please click on the following link for our Services & Fees.