Yes, the directors are held responsible for the company's CPF contribution.
Frequently Asked Questions : Annual Compliance
Are foreign directors allowed in Singapore?
Yes. However, you will need to have at least one local Singaporean director. If you use our nominee director services, only your foreign directors
Do directors need to maintain proper accounting records?
The directors and managers of every company are required to keep proper accounting records to sufficiently explain the transactions and financial
Are the directors responsible for the company’s tax filings?
The directors are required to file the company's annual tax filing, Goods & Services Tax (GST) filing (if necessary) on a timely basis.
Can all the directors in the foreign branch be foreign?
Though all the directors in the Foreign Branch may be foreigners, all Foreign Branches in Singapore require the appointment of 1 local agent.
Can I apply for a Letter of Consent prior to incorporating a Singapore company? Why do I need to appoint a resident director?
Only companies which are incorporated in Singapore can sponsor Letter of Consent (LOC) applications. All Singapore registered companies must have a
Can I apply for an Employment Pass prior to incorporating my Singapore company? Why do I need to appoint a resident director?
All Employment Pass applications can only be submitted once the Singapore company has been incorporated. In order to incorporate a Singapore company,
Can all the directors in the subsidiary company be foreign?
The subsidiary company, which will be a Singapore Private Limited Company, must have at least one director who must be a resident in Singapore, i.e.
Can an existing Employment Pass holder be a director of another company in Singapore?
No, if you are already holding an Employment Pass of a company, you cannot serve as a director of another company in Singapore.
What is an Annual General Meeting (AGM)?
All Singapore incorporated companies are required to hold an Annual General Meeting, or (“AGM”) of shareholders at which decisions are taken on the
