Singapore Nominee Director

A Private Limited Company requires a minimum of one individual Director who has to be ordinarily resident in Singapore. Rikvin can act as your Nominee Director to satisfy the companies act requirement.

FAQ - Singapore Nominee Director Service

Is a resident director required for registration of a Singapore company?
Singapore Company Act requires all Singapore Registered company have a minimum of at least one Director must be a resident of Singapore. i.e. Singapore Citizen/ Singapore Permanent Resident (PR)/ Singapore Employment Pass Holder, Entrepass 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 requirement 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 company director are quite onerous and therefore we have certain conditions that must be fulfilled in order for us to provide a nominee director and protect our nominee.
  • We would need to be satisfied with the credibility of company beneficiaries and may require additional information on a case-by-case basis.
  • We require you to sign a nominee director indemnity letter.
  • In addition to our nominee director professional service fee, we require an S$3000 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 nominee director. Our nominee director service is provided by the 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.

 

Read more on duties and responsibilities of directors