Nominee Director / Shareholder / Agent Services
In Singapore, the company act requires
- the names and addresses of the company secretary, directors and shareholders are shown on public record
- all Private Limited Company requires at least one individual Director, who has to be an ordinary resident of Singapore, ie. One of the following: - Singapore citizen OR - Singapore permanent resident OR - Singapore employment/dependant pass holder.
This means that if you are a director or shareholder of a limited company, your name and address and association with the company is available to any person or organisation that carries out a company search.
The only way to achieve this is to appoint a nominee to act upon your behalf.
How our Nominee Service Works
We offer Nominee Director and Nominee Shareholder Services. These services all differ slightly, but in each case the nominees name is filed with the Companies Registry so that any person carrying out a company search would see the nominees name and not our clients.
Nominee Director
Our representative may act as your company's local Director, should you have difficulties appointing a Director of your own.
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.
* In addition to this, we will also collect a refundable security deposit of S$3,000.00 and a suitable indemnity is given by the company to protect our nominee directors.
Nominee Shareholder
A Private Limited Company must have at least one Shareholder, be it an individual or a corporation. One of our officers may act as a nominee on behalf of the beneficial owner and a suitable Declaration of Trust may be prepared upon request.
Read more on duties and responsibilities of directors