Yes, it is mandatory to have a Singapore resident director. If you do not have one, you will not be able to incorporate the company.
After incorporation, if at any time the company is without a resident director, this is considered failure to comply with the statutory requirements. This is an offense and may result in fines or prosecution.
You can consider Rikvin’s Nominee Director Service – where we appoint one of our team members to act as the nominee resident director for your company, on a short-term or annual basis.