As per Singapore Company laws, responsibilities of directors are onerous for all directors including the nominee director. The nominee director is
Frequently Asked Questions : Singapore Nominee Director Services
What is a nominee director?
The Singapore Companies Act requires every Private Limited company to have a minimum of one local Singapore resident director. However, if you do not
What do you look for before you agree to provide the Nominee Director Service?
The Nominee Director is considered to be a full director and responsible for the actions of the company even though he has no role in managing the
What are the company directors’ responsibilities?
The directors' duties, responsibilities, and liabilities specified in the Act as well as under the common law where applicable include the following
What are the fiduciary duties of a company director?
Directors have a fiduciary duty to their company whereby they must be loyal to the company and must act honestly and in good faith when exercising
Is the service fee and security deposit the same for your Nominee Director service?
A security deposit should not be confused with our Service Fee or some other fee. It's your money that is temporarily in our custody for the duration
Who in Singapore can be my local director?
We can provide you with the services of a local director who will be a nominee. For more details, please read our Company Incorporation with Nominee
Does a Singapore company require a local resident director?
Section 145 (1) of the Singapore Company's Act (Cap. 50) requires that all Singapore incorporated companies must have at least one director who is
Does the local nominee director actively run my business?
No. The Nominee Director is purely for fulfilling statutory requirements. He will not have any financial, managerial or operational role. You are
Do I need to provide a consent form to act as a director?
It is not mandatory to have a signed consent form to act as a director. It is, however, highly recommended for documentation purpose. * The
Do I need to give shares to the Nominee Director?
No. In Singapore there is no requirement for the Directors to hold qualifying shares.
Can a nominee director manage my company or sign documents?
No, the nominee director cannot manage your company. As an exception, the nominee director can sign a contract or invoice for an additional fee if the
