The Singapore Companies Act requires all Singapore Private Limited companies to have at least one shareholder, be it an individual or a corporation. It is not necessary for the shareholder to be a Singapore resident.
When incorporating your Singapore or offshore company, you can become the shareholder of the company. Alternatively, Rikvin can provide you with a Nominee Shareholder which will help you secure your corporate privacy.
It is not uncommon for clients to engage our Nominee Shareholders Service to retain anonymity for the purpose of confidentiality. Our service entails the Nominee Shareholders holding the shares on trust for the beneficial owners. Only the Nominee Shareholder’s name will be identified on the Register of Shareholders.
At Rikvin, our Nominee Shareholders Service provides each client with a signed declaration of trust in which the appointed Nominee Shareholder holds shares on behalf of the beneficial owner. The Nominee Shareholder is not the legal owner of the shares. The shares shall be returned to the beneficial owner when the service is terminated or transferred to another party as per beneficial owner’s request. All income and capital gains on the shares held belong to the beneficial owner.
Our Nominee Shareholders Service guarantees complete confidentiality. Your identity as Beneficial Owner(s) is only known to us and not placed on public record at the Company’s Registry.